Segmented Armor Materials Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2021 to 2027
Market Overview
The Global Segmented
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 segmented
Armor Materials 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.
Access Report Details @
https://www.marketresearchfuture.com/reports/ceramic-armor-materials-market-8174
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.
Get A Sample Report Copy
Here @
https://www.marketresearchfuture.com/sample_request/8174
About Market
Research Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting
Services.
MRFR team have supreme objective to provide the
optimum quality market research and intelligence services to our clients. Our
market research studies by products, services, technologies, applications, end
users, and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help to
answer all their most important questions.
In order to stay updated with technology and work
process of the industry, MRFR often plans & conducts meet with the industry
experts and industrial visits for its research analyst members.
Contact:
Market Research Future
Phone: +16468459312
Email: sales@marketresearchfuture.com
Read More Related
Article:
Comments
Post a Comment