
Published On: Feb 2021
Published On: Feb 2021
Advantage of using Ceramic Armor is projected to escalate the Ceramic Armor market growth at CAGR of 6.5% during 2020–2027
According to our latest market study on “Ceramic Armor Market Forecast to 2027 – COVID-19 Impact and Middle East & Africa Analysis – By Material Type (Alumina, Boron Carbide, Silicon Carbide, Ceramic Matrix Composite, and Others); and Application (Body Armor, Aircraft Armor, Marine Armor, Vehicle Armor, and Others), and Country,” the market was valued at US$ 113.51 million in 2019 and is projected to reach US$ 186.58 million by 2027; it is expected to grow at a CAGR of 6.5% 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. The region is expected to witness a rapid increase in commercialization and industrialization, which would further boost the varied industrial sectors. Supported by the government, the various governments in the Middle Eastern region have undertaken the use of Ceramic Armor in their military troops. The key motive of the army is to provide its military with more flexible and light weighted materials. The ceramic have been one of the best alternative for the production of lighter and more flexible suits that have further fueled the market for ceramic armor. The Middle East region in the current market scenario is experiencing decent growth in the number of industries, which is demanding for advanced armor products and solutions. This factor is boosting the ceramic armor product market in the region.
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 Middle East & Africa Ceramic Armor market in the upcoming years.
The Middle East & Africa 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
South Africa has the largest COVID-19 cases in the Middle East and Africa region, and is followed by Saudi Arabia and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of coronavirus. Due to lockdown in Middle East and African countries, various chemicals & materials companies remain closed which led to the reduction in the sale of various products which has negatively impacted the market for ceramic armor in the region.
The report includes the segmentation of the Middle East & Africa Ceramic Armor market as follows:
By Material Type
By Application
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