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    Ceramic Armor Market | Covid-19 Impact Analysis

    Ceramic Armor Market | Covid-19 Impact Analysis

    Ceramic Armor Market | Covid-19 Impact Analysis
    Report code - SRAM366 Delivery - 2 Weeks
    Ceramic Armor Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Ceramic Armor Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Ceramic Armor Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Ceramic Armor Market Insights

    Ceramic Armor Market is likely to witness an impressive CAGR of 7.5% during the forecast period. The growth of the market is attributed to the surge in military expenditure by countries to solidify their military protection capabilities.  

    Ceramic Armor Market - Snapshot

    Growth

    7.5% for the next five years

    Major Application Type

    Body Armor

    Dominant Material Type

    Silicon Carbide

    Region with the highest demand

    North America

    Key Players

    Morgan Advanced Materials PLC, The 3M Company, Koninklijke Ten Cate B.V., Saint-Gobain, and CoorsTek, Inc.

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    Market Share Analysis

    Ceramic Armor Market Share: By Material Type

    Based on the material type, the market is segmented as alumina, boron carbide, silicon carbide, ceramic matrix composite, and others. The silicon carbide segment is estimated to account for the largest share of the market during the forecast period. The growth of this segment is owing to silicon carbide ceramic material being most widely used as shield for defending rifle bullets, by virtue of its properties, such as superior hardness and strength. In addition, as body armor made from silicon carbide offers lower weight and higher defense, the demand for silicon carbide ceramic armor is likely to increase during the forecast period.

    Ceramic Armor Market Share: By Application Type

    Based on the application type, the market is segmented as body armor, aircraft armor, marine armor, vehicle armor, and others. The body armor segment is expected to be the largest application type in the ceramic armor market during the forecast period. The growth of the segment is due to body armors being used for primary application owing to their high demand, especially from law enforcement services and armed forces. Besides, the upgradation of weapons has rendered a facelift to threat effectiveness levels, which in turn, has underpinned the demand for required enhanced body armors. Also, as ceramic armor is designed to offer lightweight and comfortable mobility, it is one of the prime factors behind the increasing adoption of the body armor application.

    Ceramic Armor Market Share: By Region

    In terms of regions, North America leads the market for ceramic armor and is estimated to maintain its dominance during the forecast period as well. The North American market is driven by the high demand for ceramic armor, majorly from the aerospace & defense industry, and from the defense as well as civilians. Also, the increase in military investments by the US government is another driving factor for the rising consumption of ceramic armor in the aircraft and vehicle armor applications. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Some of the major players in the ceramic armor market are-

    • Morgan Advanced Materials PLC
    • The 3M Company
    • Koninklijke Ten Cate B.V.
    • Saint-Gobain
    • CoorsTek, Inc.

     

    Market Scope & Segmentation

    Ceramic armor is an armor used by armored vehicles and in personal armor for its attenuative features. It gives projectile resistance through its high hardness and compressive strength. It is majorly used in applications, where weight is not a constraint, owing to its lightweight property, relative to metals that are commonly used in armors.

    Ceramic armor is made of different types of materials, out of which, the most commonly used materials are alumina, boron carbide, silicon carbide, and titanium diboride.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Ceramic Armor Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The ceramic armor market is segmented into the following categories. 

    Ceramic Armor Market Size, Share, & Forecast, by Material Type:

    • Alumina (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Boron Carbide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Silicon Carbide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ceramic Matrix Composite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ceramic Armor Market Size, Share, & Forecast, by Application Type:

    • Body Armor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aircraft Armor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Marine Armor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vehicle Armor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ceramic Armor Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Ceramic Armor Market in the foreseeable future?

    The ceramic armor market is expected to witness an impressive growth of 7.5% CAGR in the foreseeable future.

    Which segment is expected to be the largest application type in the Ceramic Armor Market?

    The body armor segment is expected to be the largest application type in the ceramic armor market in the coming years.

    Who are the key players in the Ceramic Armor Market?

    Morgan Advanced Materials PLC, The 3M Company, Koninklijke Ten Cate B.V., Saint-Gobain, and CoorsTek, Inc are among the key players in the ceramic armor market.

    Which country/region is expected to remain dominant in the Ceramic Armor Market?

    North America is expected to remain dominant in the ceramic armor market during the next five years.

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