Ceramic Armor Materials Overview 2020 Industry Statistics on Key Trends, Growth and Opportunities to 2027
Market Overview
The Global
Ceramic Armor Materials Market is expected to reach USD 280 Billion in 2025
exhibiting a CAGR of 7.65% during the forecast period. The growth of the market
is primarily driven by the extensive use of ceramic matrix composites (CMCs) in
major end-use industries such as aerospace and vehicles armor. Ceramic matrix
composites are extensively used in the manufacturing of armors used in the
aerospace industry. CMCs offer excellent wear and corrosion resistance in a
wide range of environments and temperatures, high strength-to-weight ratio,
high strength retention at elevated temperatures, high chemical stability, and
hardness, as well as lightweight. These materials are strong and weigh
one-third as metals and can operate at 2,400°Fahrenheit, i.e., 500° higher than
the most advanced alloys. The ability of CMCs to withstand high temperature
enables the jet engine to operate in extreme temperatures, which makes it
suitable for use as an armor product.
Increasing demand for
ballistic ceramic materials in fuel-efficient and lightweight military aircraft
for counterterrorism and homeland security purpose is a key factor projected to
boost the demand for the ceramic armor materials. For instance, the US Geological
Survey reported that the global aircraft fleet is projected to double over the
next 20 years. According to the Bureau of the Census, US Department of
Commerce, and Foreign Trade Division, the total US aerospace exports stood at
USD 150.61 billion by the end of 2018, which was around 143.17 billion in 2017.
The five major destinations for the US aerospace exports in 2018 were China,
France, the UK, Canada, and Germany. Thus, the growth of the aerospace armor is
expected to increase the demand for CMCs and drive the growth of the global
ceramic armor materials market during the forecast period.
Market
Segmentation
Based on material, the
global market has been segmented into boron carbide, silicon carbide, alumina,
ceramic matrix composite, titanium boride, aluminum nitride, and others. By
application body armor, aircraft armor, marine armor, vehicles armor, and
others. The ceramic matrix composites segment is estimated to register a
significant CAGR owing to the high demand in a wide range of applications. The
body armor is projected to be the fastest-growing segment of the global ceramic
armor material market.
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Table Of Contents
1.
Executive Summary
2. Scope Of The
Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3. Market Research
Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4. Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors
4.1.4 Application
4.2 Porter’s Five Forces
Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
4.3 Market Price Analysis
2020–2027
Competitive
Analysis
Some of the leading
players operating in the global ceramic armor materials market are 3M (US),
Saint-Gobain (France), BAE Systems (UK), CoorsTek, Inc (US), Axiom Materials,
Inc (US), Morgan Advanced Materials PLC (UK), Ultramet (US), Safariland, LLC
(US), Ceramtec (Germany), and CFC Carbon Co, Ltd (China), among others.
Regional
Analysis
The North
American ceramic armor material market is likely to exhibit remarkable growth
owing to increasing spending on the defense sector by the government
authorities. The region is witnessing an increase in the number of exports of
defense products, i.e., boron carbide bulletproof vest, which is further
propelling the demand for boron carbide body armor for manufacturing, during
the forecast period. Europe market is led by UK aviation and defense industry,
it is one of the largest exporters and manufacturers of defense products such
as boron nitride armor and titanium boride armor, which is driving
regional market growth. The Asia-Pacific market is likely to witness steady
growth owing to rising threats of the terrorist attack in the region. The
governments of countries such as India, China, and Japan are investing in the
manufacturing of defense products to combat terrorist attack when needed, thus
surging market growth.
The Middle East &
African and Latin American markets are likely to register healthy CAGRs during
the forecast period.
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