Ceramic Armor Market: Introduction
Ceramic armor is commonly used in defense and security sectors. It is used in soft ballistic vests. Ceramic armor helps in defeating the high velocity projectiles. It is a lightweight material, which guarantees durability and performance. Rise in advancements in the defense sector is expected to drive the demand for ceramic armor during the forecast period.
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Ceramic Armor Market: Segmentation
The ceramic armor market can be segmented based on material and application. Based on material, the ceramic armor market can be divided into boron carbide, ceramic metal composite, alumina, silicon carbide, and others. Alumina is expected to hold major share of the ceramic armor market in the near future. Properties associated with alumina such as high modulus of elasticity and hardness make it a highly attractive material for ceramic armor. Based on application, the ceramic armor market can be segregated into aircraft, defense, marine, and body. Ceramic armor is largely used for defense purposes. Thus, the defense segment held prominent share of the ceramic armor market in 2017. Rise in defense spending in developing and developed countries are propelling the demand for ceramic armor in the defense segment. Technology advancements in ammunition and weapon systems are also boosting the demand for ceramic armor.
Ceramic Armor Market: DROs
Increase in demand for high quality apparel at lower prices and rapidly changing fashion trends are driving the ceramic armor market. Ceramic armor is also increasingly used in military & defense applications. It is also employed in the manufacture of textiles accessories such as smart textiles or automotive textiles. These factors are also anticipated to boost the market. However, rise in number of substitutes such as polypropylene and para-aramid ceramic synthetic fibers is anticipated to restrain the market during the forecast period.
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Ceramic Armor Market: Key Players
Large numbers of companies operate in the global ceramic armor market. Prominent companies functioning in the ceramic armor market include Armor Works Inc., CeramTec, Ceradyne, Inc., Saint Gobain Ceramics, Coorstek Inc. Companies are focusing on research and development activities in order to strengthen their position in the market.