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| Ceramic Armor Market |
Ceramic Armor is in trends by advancements
in material science and engineering. Ceramic materials for armor offer superior
ballistic protection compared to metals or alloys. Ceramic plates provide
protection from bullets, shrapnel, and blast fragments. They are lightweight
and allow for mobility while on duty. The primary function of ceramic armor is
to absorb impact by controlled fragmentation on contact with threats. Made
through a combination of oxides, carbides and nitrides, ceramic composites are
engineered to redirect and decelerate projectiles.
The Global Ceramic Armor Market is estimated to be valued at US$ 2.6 Bn in 2024 and is expected to
exhibit a CAGR of 8.6% over the
forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Ceramic Armor are Koninklijke DSM N.V., BAE
Systems, Morgan Advanced Materials , Saint-Gobain S.A., 3M Company, CeramTec,
II-VI Incorporated, Safariland, LLC, Coorstek, Inc., MKU Limited. The
increasing threat of terrorist activities and geopolitical tensions have
escalated the demand for ceramic armor from defense agencies. Various nations
are investing heavily in strengthening their defense capabilities, which is
fueling the market growth. The rising demand from North America and Asia
Pacific is enabling manufacturers to expand their business globally.
Market Key Trends
One of the key trends in the Ceramic
Armor Market Trends is the development of lighter and multi-threat
materials. Researchers are focusing on reducing the weight of ceramic plates
without compromising on ballistic protection. Innovation in ceramic material
synthesis is enabling manufacturers to offer solutions effective against a
wider range of threats like small arms, grenades, and mine blast fragments.
This enhances safety and flexibility for armed forces operating in hostile
environments.
Porter's Analysis
Threat of new entrants: High capital requirements for manufacturing facilities
and R&D pose a barrier to entry.
Bargaining power of buyers: Buyers have moderate bargaining power due to
availability of substitutes like metal armor plates.
Bargaining power of suppliers: Suppliers have moderate bargaining power as raw
materials for Ceramic
Armor Market Size And Trends like Alumina Oxide & Silicon Carbide
are available from multiple suppliers globally.
Threat of new substitutes: Threat of new substitutes like composite materials
for armor plates is low as ceramics provide unmatched ballistic protection.
Competitive rivalry: Intense as major players are focusing on developing
advanced ceramics with enhanced ballistic & thermal protection.
Geographical Regions
North America holds the largest share in terms of value due to high defense
spending and ongoing conflicts. The region witnesses high demand for personal
protective equipment from defense as well as law enforcement agencies.
Asia Pacific shows fastest growth due to increasing defense budgets of
countries like China, India and rising geopolitical tensions. Growth is further
aided by presence of large ceramics manufacturing clusters and ongoing defense
modernization programs.
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More Insights On, Ceramic
Armor Market
About
Author:
Ravina
Pandya, Content Writer, has a strong foothold in the market research industry.
She specializes in writing well-researched articles from different industries,
including food and beverages, information and technology, healthcare, chemical
and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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