Jun 28, 2019   SOURCE: BusinessWire

Ceramic Armor (Alumina, Boron Carbide, Silicon Carbide, Ceramic Matrix Composite, Titanium Boride, Aluminium Nitride) Market - Global Forecast to 2024 - ResearchAndMarkets.com

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) & Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The Ceramic Armor Market Size is Estimated to Grow from USD 1.8 Billion in 2019 to USD 2.6 Billion by 2024, at a CAGR of 7.8% Between 2019 and 2024.

Ceramic armor manufactured using alumina material is expected to grow at the fastest rate during the forecast period, owing to the properties offered by alumina, such as high modulus of elasticity, refractoriness, and hardness. Also, it provides the best cost-benefit among other ceramic armor material type. Additionally, the high demand for ceramic armor for the vehicle armor application is one of the major reason behind the high growth of alumina material type.

Vehicle armor application expected to register the highest CAGR between 2019 and 2024.

The vehicle armor application will register the highest CAGR in the ceramic armor market. The ceramic armor is significantly utilized for the manufacturing of vehicle armors as they provide excellent protection against the ballistic threats and projectiles. Ceramic armor also offers superior protection to vehicles from extreme and unfavorable weather conditions, resistance against corrosion, and convenience in the mobility of the vehicles.

North America accounted for the largest market share in the ceramic armor market

North America is expected to be the major market for ceramic armor during the forecast period. Increasing demand for ceramic armor for body armor and aircraft armor is driving the growth of the ceramic armor market in North America. The U.S. leads the market for ceramic armor in North America.

Further, the increased budget for the military and huge investments for R&D of ceramic armor is also driving the growth of ceramic armor in the North American market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Growth Opportunities in the Ceramic Armor Market

4.2 Ceramic Armor Market, By Material Type

4.3 Ceramic Armor Market, By Application and Region

4.4 Ceramic Armor Market, By Country

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Security Concerns in Developing Regions

5.2.1.2 Increasing Demand for Homeland Security

5.2.1.3 Changing Battlefield Scenario

5.2.1.4 Development of Lethal Ammunition and Weapons

5.2.2 Restraints

5.2.2.1 Failure to Provide Complete Protection

5.2.2.2 Complexity of Ceramic Armor Design

5.2.3 Opportunities

5.2.3.1 Need for Lighter Armor Systems

5.2.3.2 Military Modernization Programs

5.2.4 Challenges

5.2.4.1 Developing Durable Ceramic Armor According to Different Threats

6 Ceramic Armor Market, By Material Type

6.1 Introduction

6.2 Alumina

6.2.1 APAC to Provide High Growth Opportunity to Alumina Material Type

6.3 Boron Carbide

6.3.1 Superior Properties Offered By Boron Carbide are Driving Its Growth

6.4 Silicon Carbide

6.4.1 APAC to Show High Growth Potential for Silicon Carbide Material Type

6.5 Ceramic Matrix Composite

6.5.1 APAC to Be the Fastest-Growing Market in the Ceramic Matrix Composite Material Type Segment

6.6 Others

7 Ceramic Armor Market, By Application

7.1 Introduction

7.2 Body Armor

7.2.1 APAC to Provide High Growth Opportunity to Body Armor Applications

7.3 Aircraft Armor

7.3.1 Growing Aerospace Industry in APAC is Driving the Growth of the Aircraft Armor Application

7.4 Marine Armor

7.4.1 APAC has High Growth Potential for Marine Armor Application

7.5 Vehicle Armor

7.5.1 APAC to Be the Fastest-Growing Market in Vehicle Armor Application

7.6 Others

8 Ceramic Armor Market, By Region

9 Competitive Landscape

9.1 Introduction

9.2 Competitive Leadership Mapping

9.2.1 Visionary Leaders

9.2.2 Dynamic Differentiators

9.2.3 Emerging Companies

9.2.4 Innovators

9.2.5 Strength of Product Portfolio

9.2.6 Business Strategy Excellence

9.3 Market Ranking Analysis

9.4 Competitive Scenario

9.4.1 New Product Development

9.4.2 Partnership and Contract

9.4.3 Acquisition

Company Profiles

  • Saint-Gobain
  • Coorstek, Inc.
  • Koninklijke Ten Cate BV
  • 3M Company
  • Ceramtec
  • Armorworks Enterprises, LLC
  • BAE Systems
  • II-VI Incorporated
  • Morgan Advanced Materials PLC
  • Safariland, LLC

Other Companies

  • Seyntex NV
  • Hard Shell
  • FMS Enterprises Migun Ltd.
  • Sinoarmor
  • Schunk Carbon Technology
  • SM Group
  • Cerco Corporation
  • Point Blank Enterprises, Inc.
  • Armorstruxx LLC
  • SAAB AB

For more information about this report visit https://www.researchandmarkets.com/r/p1meq0