Ceramic Armor Materials Market Size-Overview
The need for tactical advantage has risen incrementally in the past few years, with the rise in international conflicts, thus motivating the Ceramic Armor Materials Market Size. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The Ceramic Armor Materials Market Size, in terms of value, is estimated to account for USD 2.80 billion in 2025, exhibiting a CAGR of 7.65% The surge in military tactical equipment requirement development is estimated to enhance the forecast period's Ceramic Armor Materials Market Size share. The inclusion of innovation in the product offering is estimated to strengthen the Ceramic Armor Materials Market Size.
Segmental Analysis
The segmental appraisal of the Ceramic Armor Materials Market Size is conducted on the basis of material, application, and region. The Ceramic Armor Materials Market Size's application segment comprises marine armor, body armor, vehicle armor, and aircraft armor. The material segment of the Ceramic Armor Materials Market Size comprises of silicon carbide, aluminum nitride, alumina, ceramic matrix composite, titanium boride, and boron carbide. The region segment of the Ceramic Armor Materials Market Size consists of North America, Europe, Asia Pacific, and other notable regions.
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Regional Overview
The regional overview of the Ceramic Armor Materials Market Size consists of North America, Europe, Asia Pacific, and other notable regions. The evolution of the North American regional market for ceramic armor materials is primarily controlled by the increase in the US military budget, which has increased the production of ceramic armor materials. In addition, the joint homeland security affairs due to threats, e.g., terrorist attacks, are expected to push the need for Ceramic Armor Materials Market Size in the forecast period. The collective cross-border terrorist pursuits in the Asia-Pacific region have surged the demand for ceramic armor materials, which is projected to fuel the growth of the Asia-Pacific Ceramic Armor Materials Market Size. In the European region, the UK is the main producer of ships, aircraft, and automobiles, which has amplified the region's usage of ceramic armor materials. In the Middle Eastern, African, and Latin American regions, the Ceramic Armor Materials Market Size demand is expected to strengthen steadily in the forecast period. The improved defense expenditure in these regions will further enhance the Ceramic Armor Materials Market Size in the coming period.
Competitive Analysis
The agreement of various international trade deals is estimated to further foster the expansion of the market. The capitalization by market companies to establish robust e-commerce and retail channels is projected to motivate the development of the market. The improvement in the rate of innovation is estimated to further open up new aspects of the market. The market is likely to be lifted by the reformative trends that are shaping the global market. The development of robust delivery chains is predicted to enhance the pace of progress in the upcoming months. The financial stimulus being provided by many government bodies to regenerate their national markets is estimated to spur the global progress rate. The engagement of technology and strategy-based approach is likely to ensure better chances for success in the future. The increased emphasis on high-revenue decision-making in the market is estimated to prompt its quicker return to normalcy in the coming months.
The major companies in the ceramic armor material market are CoorsTek, Inc (US), 3M (US), BAE Systems (UK), Ultramet (US), Axiom Materials, Inc (US), Saint-Gobain (France), Morgan Advanced Materials PLC (UK), Safariland, LLC (US), Ceramtec (Germany), and CFCCARBON CO, LTD (China).
Industry Updates:
May 2021 Spartan Armor Systems, the manufacturers of American-designed and constructed body armor, tactical gear, and targets, have revealed the new Hercules Level IV Ceramic Body Armor, crafted at the Spartan Armor Systems facility in Arizona. The Hercules level IV body armor plate has been carefully tested by an independent NIJ Certified laboratory.
Nov 2020 The Russian military has declared that the Technodinamika Group—a portion of the state tech company Rostec —has plans to conclude the manufacturer's assessments of the unique ceramic armor for reinforced vehicles at the commencement of next year. The corundum ceramic armor plates were advanced by Ufa Aggregate Production Association. Corundum ceramics is a super-hard substance shaped on the basis of aluminum oxide. It typically comprises hints of titanium, iron, vanadium, and chromium.
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