Global Ceramic Armor Market is valued USD 1.52 billion in 2016 is anticipated to grow USD 2.8 billion with the compounded annual growth of 7.20 % over the forecast period 2018-2025.
New York 24 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Ceramic Armor Market industry is poised to raise USD 2.8 billion by 2025. Defense sectors across the globe invest heavily in novel armor materials such as ceramics, which provide superior ballistic performance. In the defence 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.
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- Global Ceramic Armor Market Size study by Material (Alumina, SiC, Ceramic Metal Composite, Boron Carbide), by Application (Body Armor, Aircraft Armor, Defense Armor, Marine Armor), by Platform (Defence, Homeland Security, Civilians) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players Armor Works, Ceradyne Inc., Ceram Tec, CoorsTek,Inc, Koninklijke Ten Cate BV, KDH Defense Systems, Inc, M Cubed Technologies, Olbo & Mehler, Safariland LLc, Sarkar Defence Solution and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- S. is a major contributor to the North American regional market due to heavy investments in the military and defense sectors.
- 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
. Bizwit Research & Consulting LLP has considered following segments for the study:
- Ceramic Metal Composite
- Boron Carbide
- Body Armor
- Aircraft Armor
- Defence Armor
- Marine Armor
- Homeland Security
- North America
- Asia Pacific
- Latin America
- Rest of the World