Feb 3, 2021   SOURCE: BusinessWire

Global Ceramic Armor Market Forecast to 2027 - COVID-19 Impact and Analysis - ResearchAndMarkets.com

The "Ceramic Armor Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Material Type (Alumina, Boron Carbide, Silicon Carbide, Ceramic Matrix Composite and Others); and Application (Body Armor, Aircraft Armor, Marine Armor, Vehicle Armor and Others)" report has been added to ResearchAndMarkets.com's offering.

According to this report the market was valued at US$ 1,911.26 million in 2019 and is projected to reach US$ 3,273.35 million by 2027; it is expected to grow at a CAGR of 7.1% during the forecast period. The report highlights key factors driving the market growth and prominent players, along with their developments, in the market.

Ceramic armors are widely utilized in body armor, aircraft armor, marine armor, vehicle armor, and so on. They are lightweight and highly flexible, which has been one of the key factors driving their demand. The increasing spending by various countries on the security of their military forces has been another factor contributing to the expansion of the ceramic armor market across the world. Furthermore, various governments are supporting numerous R& D plans for further development for the applications of ceramic armors.

Ceramic armors are being employed in the manufacturing of helmets, goggles, and gloves, and backpacks for military uses. A ballistic vest, or bullet-resistant or bulletproof vest, is a body armor product that helps absorb the impact of firearm-fired projectiles and explosion-led shrapnel by reducing or stopping their penetration to the torso. This armor is worn by many police officers, prison guards, and a few private civilians in a soft form to gain protection against stabbing attacks, executed using metallic or para-aramid components; a hard form aids protection against rifle ammunition, and is thus worn by tactical police units, soldiers, and special forces. Kevlar, steel, and polyethylene are the most used materials in the manufacture of body armor.

Kevlar & PE is mainly utilized to make soft body armor, while steel, ceramic, Lexan, or carbon fiber composite materials, alumina, silicon carbide are utilized to make hard body armor. Materials such as alumina, titanium, steel, boron carbide, silicon carbide, and ceramic matrix composite are used in the manufacturing of aircraft armor. Saint-Gobain offers silicon carbide ceramic tile armor assemblies to protect land vehicles, and fixed- and rotary-wing aircraft. The company designs and co-develops armor panel components for military, law enforcement, and civilian applications. Marine armor comprises a set of power armor, along with the marine helmet, and can effectively block gunshots, cuts, blunt trauma, or burns. Metals such as high-density steel, aluminum, and titanium, along with their alloys, are used as armor materials for the marine armor systems.

Military vehicles are armored to withstand the impact of shrapnel, missiles or shells, bullets and to protect the personnel inside from enemy fire, while civilian vehicles can also be armored. Aluminum is utilized in applications specified with lightweight vehicles, and the aluminum armor is the most commonly employed material on APCs and armored cars. It is lightweight, cheap, and tough enough that it can serve as easy armor. Titanium features almost twice the density of aluminum; however, it can have a yield strength equivalent to high-strength steels and offer high specific strength. It also has a high specific resilience with specific toughness. Therefore, titanium also finds an application in personal armor and military aviation. Composite armor mainly comprises layers of two or more materials with significantly different physical properties; steel and ceramic are the most common types of materials used in this armor.

Impact of COVID-19 Pandemic on Ceramic Armor Market

As of November 2020, the US, Brazil, India, Russia, South Africa, Mexico, and the UK are among the worst-affected countries by the COVID-19 pandemic. The outbreak has affected economies and industries in various countries due to imposed lockdowns and travel bans, and business shutdowns. The global market collapse due to shutting down of factories, obstacles in supply chain, and downturn in world economy is also affecting the growth of the ceramic armor market.

Reasons to Buy:

  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Ceramic Armor Market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Market DynamicsDrivers
  • Steady Growth of the Aerospace and Defense Industry
  • Widespread Applications of Ceramic Armors
Restraints
  • Availability of Substitutes
Opportunities
  • Continuous R&D Initiatives
Future Trends
  • Increasing Use of Soft Ceramic Armor over Hard Ceramic Armor

Companies Mentioned

  • 3M
  • BAE Systems Plc.
  • Coorstek, Inc.
  • CeramTec GmbH
  • Morgan Advanced Materials Plc.
  • Koninklijke Ten Cate BV
  • Point Blank Enterprises, Inc.
  • Safariland, LLC.
  • Seyntex N.V.
  • Compagnie de Saint Gobain SA

For more information about this report visit https://www.researchandmarkets.com/r/xd0h0n