October 21, 2022 05:43 ET | Source: Research and Markets Research and Markets
Dublin, Oct. 21, 2022 (GLOBE NEWSWIRE) -- The "Ceramic Armor Market by Material Type (Alumina, Boron Carbide, Silicon Carbide, Ceramic Matrix Composite, Titanium Boride, Aluminium Nitride), Application (Body Armor, Aircraft Armor, Marine Armor, Vehicle Armor), and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. Aramid Fabric
The global ceramic armor market size is expected to grow from USD 2.3 billion in 2022 to USD 3.5 billion by 2027, at a CAGR of 8.6% during the forecast period.
Alumina is the fastest-growing material type of ceramic armor, in terms of value
Use of Alumina to manufacture ceramic armor is expected to grow with the highest CAGR during the forecasted period due to the properties like high modulus of elasticity, refractoriness, and hardness. Also, it provides the best cost-benefit among other ceramic armor material type. Moreover, high demand for ceramic armor from the aircraft and vehicle armor application is one of the major reason behind the high growth of alumina material type.
Aircraft armor is the fastest-growing application of ceramic armor, in terms of value
The ceramic armor market is an emerging market with large opportunities in the military & defense industry. The utilization of ceramic armor in aircraft armor, vehicle armor, body armor, and other applications. The aircraft armor application leads the ceramic armor market. Ceramic armor are significantly utilized for the manufacturing of aircraft armors as these ceramic armor provide a high-level of protection against ballistic threats. Moreover, the use of ceramic armor in the manufacturing of vehicle armor protects them with extreme and unfavorable weather conditions, resistance against corrosion, and convenience in the mobility of the vehicles.
Asia Pacific is the fastest-growing ceramic armor market
Asia Pacific is expected to be the fastest growing market for ceramic armor during the forecasted years. As a result of high regional tension and disputes over territories, there is an increase in military spending within this region. Also, the region has been identified as a major export market for armors. The respective governments of various countries in this region are signing contracts with western countries for technology transfer and collaboration in the defense sector, which is expected to drive the ceramic armor market in the region.
4 Premium Insights 4.1 Attractive Growth Opportunities in Ceramic Armor Market 4.2 Ceramic Armor Market, by Application and Region 4.3 Ceramic Armor Market, by Material Type 4.4 Ceramic Armor Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 126.96.36.199 Security Concerns in Emerging Economies 188.8.131.52 Increasing Demand for Homeland Security 184.108.40.206 Changing Battlefield Scenario 220.127.116.11 Development of Lethal Ammunitions and Weapons 5.2.2 Restraints 18.104.22.168 Failure to Provide Complete Protection 22.214.171.124 Complexity of Ceramic Armor Design 5.2.3 Opportunities 126.96.36.199 Need for More Lightweight Armor Systems 188.8.131.52 Military Modernization Programs 5.2.4 Challenges 184.108.40.206 Developing Durable Ceramic Armor According to Different Threats 220.127.116.11 Market Recovery from COVID-19 5.3 Porter's Five Forces Analysis 5.4 Supply Chain Analysis 5.5 Pricing Analysis 5.5.1 Average Selling Prices, by Application (Key Players) 5.6 Average Selling Price 5.7 Key Stakeholders and Buying Criteria 5.7.1 Key Stakeholders in Buying Process 5.7.2 Buying Criteria 5.8 Technology Analysis 5.9 Key Conferences and Events in 2022-2023 5.10 Global Regulatory Framework and Its Impact on Ceramic Armor Market 5.11 Ceramic Armor Market: Ecosystem 5.12 Value Chain Analysis: Ceramic Armor Market 5.13 Case Study Analysis 5.14 Trends and Disruptions Impacting Customer Business 5.15 Patent Analysis
6 Ceramic Armor Market, by Material Type 6.1 Introduction 6.2 Alumina 6.2.1 Alumina Offers Best Cost-Benefit Among All Material Types 6.3 Boron Carbide 6.3.1 Strongest and Lightest Ceramic Armor Material 6.4 Silicon Carbide 6.4.1 Most Widely Used Ceramic Armor Material Type 6.5 Ceramic Matrix Composite 6.5.1 Preferably Used in Aircraft Armor Applications 6.6 Others
7 Ceramic Armor Market, by Application 7.1 Introduction 7.2 Body Armor 7.2.1 North America Leads Body Armor Segment Due to Presence of Leading Manufacturers 7.3 Aircraft Armor 7.3.1 Growing Aerospace Industry in Asia-Pacific Driving 7.4 Marine Armor 7.4.1 Asia-Pacific to Offer Strong Growth Potential 7.5 Vehicle Armor 7.5.1 High Demand for Armored Vehicles from Military 7.6 Others
8 Ceramic Armor Market, by Region
9 Competitive Landscape 9.1 Introduction 9.2 Market Share Analysis 9.3 Market Ranking 9.4 Market Evaluation Framework 9.5 Revenue Analysis of Top Market Players 9.6 Company Evaluation Matrix 9.6.1 Strength of Product Portfolio 9.6.2 Business Strategy Excellence 9.7 Company Evaluation Quadrant (Tier 1) 9.7.1 Stars 9.7.2 Pervasive Companies 9.7.3 Participants 9.7.4 Emerging Leaders 18.104.22.168 Competitive Benchmarking of Key Startups/Smes 9.8 Startups/Small & Medium-Sized Enterprises (Sme) Evaluation Matrix 9.8.1 Progressive Companies 9.8.2 Responsive Companies 9.8.3 Dynamic Companies 9.8.4 Starting Blocks
10 Company Profiles 10.1 Key Companies 10.1.1 Saint-Gobain 10.1.2 Coorstek, Inc. 10.1.3 Koninklijke Dsm N.V. 10.1.4 3M Company 10.1.5 Ceramtec 10.1.6 Armorworks Enterprises, LLC. 10.1.7 Bae Systems 10.1.8 Ii-Vi Incorporated 10.1.9 Morgan Advanced Materials plc 10.1.10 Safariland, LLC 10.2 Other Companies 10.2.1 Seyntex N.V. 10.2.2 Hard Shell Group 10.2.3 Fms Enterprises Migun Ltd. 10.2.4 Sinoarmor 10.2.5 Schunk Carbon Technology 10.2.6 Sm Group 10.2.7 Cerco Corporation 10.2.8 Point Blank Enterprises, Inc. 10.2.9 Armorstruxx LLC 10.2.10 Saab Ab
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