Ceramic Armor Market Size & Share, Global Sector / Industry Report & Analysis 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Ceramic Armor Market


The global ceramic armor market size was valued at USD 1.75 billion in 2017 and is expected to exhibit a CAGR of 7.2% from 2018 to 2025. Military modernization programs across the globe and focus on soldier survivability are key factors driving industry growth. Defense sectors across the globe invest heavily in novel armor materials such as ceramics, which provide superior ballistic performance.
In the defense and security sector, ceramics form an integral part of modern armor systems. Their high usage is attributed to improved performance and comparatively lower weight during ballistic scale impacts. Growing threat of hard - tipped shield - piercing rounds and higher energy projectiles is likely to influence market demand.
 
Rise in military warfare is stimulating the need for ballistic protection systems for safeguarding military forces. Countries across the globe are focusing on replacement of legacy military vehicles and are subsequently increasing their defense spending. Such modernization initiatives are creating opportunities for industry participants, resulting in increasing number of alliances with defense agencies. Moreover, rising focus on soldier safety and soldier survivability is boosting demand for modular tactical vests and double - sided combat uniforms. Advancements in ammunition and weapon systems are leading to increased demand for more effective solutions.
A primary concern associated with law enforcements for the military sector is ensuring protection against high - velocity impact. Advanced ceramics are the heart of the modern shielding gear owing to their characteristics such as high performance during ballistic - scale implications and low weight. Ceramics can be considered as a better alternative to steel to achieve performance requirements of body armors. Ceramics have greater advantages in terms of weight and design flexibility. A basic ceramic composite armor system is nearly half the weight of a similar steel - based variant. It also offers resistance to creep and stress rupture at a temperature of up to 16500 C. All these advantages are increasing the importance of ceramic as a material.
The industry is expected to witness key innovations over the projected period owing to rising focus of manufacturers on designing body armor with enhanced features such as survivability, lethality, sustainability, and mobility. Increasing terrorist activities in various countries are anticipated to spur market demand over the forecast period.

Market Segmentation, Outlook & Viewpoint: Global Ceramic Armor Market


Material Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Alumina

SiC

Ceramic Metal Composite

Boron Carbide

Others


Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Body Armor

Aircraft Armor

Defense Armor

Marine Armor


Platform Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Defense

Homeland Security

Civilians


Key Players, Recent Developments & Regional Insights: Global Ceramic Armor Market


Based on application, the market has been segmented into body, aircraft, defense, and marine. Increasing defense spending and extent of militarization in major countries of the world have stimulated demand for high - performance products and materials. Defense agencies are focusing on enhancing their capabilities owing to increasing cross - border instability and war - like situations.
In 2017, the defense segment dominated the market in terms of revenue and is estimated to retain its dominance over the forecast period owing to high demand for advanced ceramic armor in defense applications. Moreover, focus on soldier safety and soldier survivability is boosting demand for modular tactical vests and double - sided combat uniforms. Advancements in ammunition and weapon systems are leading to increased demand for efficient solutions.
 
The body segment is expected to register the highest growth, attributed to demand for the same from homeland security departments across the globe. In U.S. and Europe, there is an increasing trend of providing body armor to first responders such as firefighters, police officers, and Emergency Medical Service (EMS) personnel. This is sure to drive demand over the coming years.

Regional Insights
Based on region, the market has been categorized into North America, Europe, Asia Pacific, South America, and MEA. U.S. is a major contributor to the North American regional market due to heavy investments in the military and defense sectors. North America is home to several ceramic armor companies, which enables them to gain a competitive edge over companies operating in other regions.
In Europe, market growth is attributed tohigh demand for lightweight material, increasing focus on soldier survivability, and high demand for body armors for first responders. The German government is boosting spending on modernizing its defense and security forces, which, in turn, is supporting market growth. As per its federal budget planned till 2020, the country is set to spend USD 43.9 billion on the modernization program.
Demand in Asia Pacific is anticipated to grow remarkably over the forecast period owing to increasing cross - border disputes and terrorist activities. China, South Korea, Pakistan, and India are prominent countries in the APAC regional market. In March 2018, China released a budget document to media, revealing that China intends to increase its military expenditure by 8.1% in 2018 to support modernization of its armed forces. China is also modernizing its aviation forces and air defense units. Rising need for strong but lightweight material to enhance its capacity is expected to support market growth.
Ceramic Armor Market Share Insights
Key participants in the industry include Ceradyne (U.S.); SAAB AB (Sweden); ArmorWorks (U.S.); CeramTec (Germany); CoorsTek Inc. (U.S.); Koninklijke Ten Cate BV (Netherlands); M Cubed Technologies (U.S.); Olbo & Mehler (Germany); and Safariland LLC (U.S.). Industry players are focusing on new product development and investing in R&D to develop performance products and stay ahead of the competition.
Vendors also form contractual relationships with defense agencies for long - term product supply. For instance, in March 2018, Ceradyne Inc. received an order worth USD 34 million from the U.S. army for the continuous supply of Integrated Head Protection Systems (IHPS) ballistic helmets. This investment increased the company’s IHPS contract value to over USD 52 million.

Key Insights Covered: Global Ceramic Armor Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Ceramic Armor industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Ceramic Armor industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Ceramic Armor industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Ceramic Armor industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Ceramic Armor industry.

Research Methodology: Global Ceramic Armor Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
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