Advantage of using Ceramic Armor is projected to escalate the Ceramic Armor market growth at CAGR of 7.4% during 2020–2027

According to our latest market study on “Ceramic Armor Market Forecast to 2027 – COVID-19 Impact and Asia Pacific Analysis – By Material Type (Alumina, Boron Carbide, Silicon Carbide, Ceramic Matrix Composite, and Others); Application (Body Armor, Aircraft Armor, Marine Armor, Vehicle Armor, and Others), and Country,” the market was valued at US$ 409.37 million in 2019 and is projected to reach US$ 716.86 million by 2027; it is expected to grow at a CAGR of 7.4% during the forecast period. The report highlights key factors driving the market growth and prominent players, along with their developments in the market.

Ceramic armor has been the best material of choice for the production of safety armors. It is generally used by armored vehicles. The lightweight property, coupled with its higher flexibility, has been one of the most important factors for the global expansion and growth of the ceramic armor market. The increasing spending capacity of various countries in terms of security for its military has been another factor contributing to the expansion of the ceramic armor market all over the globe. Various governments all over the globe have initiated numerous R&D plans for further development for the applications of ceramic armors. All these factors have contributed to the global expansion and further fuelled the demand for ceramic armors.

The growing demand for homeland security and changing battlefield scenario will drive the growth for ceramic armor market. Furthermore, the emergence of lethal ammunition and weapons will propel the demand for the ceramic armor market. Also, military modernization programs and need for lighter armor system will create the opportunity for the ceramic armor market. These factors are anticipated to fuel the APAC Ceramic Armor market in the upcoming years.

The Asia Pacific Ceramic Armor market is concentrated with a few well-established players such as 3M, BAE Systems Plc., Coorstek, Inc., CeramTec GmbH, Morgan Advanced Materials Plc., Koninklijke Ten Cate BV, Point Blank Enterprises, Inc, Seyntex N.V.

Impact of COVID-19 Pandemic on Ceramic Armor Market

The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Government have asked the chemical & materials manufacturers to delay their production which will adversely affect the supply of ceramic armor.

The report includes the segmentation of the Asia Pacific Ceramic Armor market as follows:

By Material Type

• Alumina
• Boron Carbide
• Silicon Carbide
• Ceramic Matrix Composite
• Others

By Application

• Body Armor
• Aircraft Armor
• Marine Armor
• Vehicle Armor
• Others

• Australia
• China
• Japan
• India
• South Korea
• Rest of APAC

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