News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
(USGovernment-News.Com, July 31, 2019 ) The report "Ceramic Armor Market by Material Type (Alumina, Boron Carbide, Silicon Carbide, Ceramic Matrix Composite, Titanium Boride, Aluminium Nitride), Application (Body Armor, Aircraft Armor, Marine Armor, Vehicle Armor), and Region - Global Forecast to 2024" The ceramic armor market size is estimated to grow from USD 1.8 billion in 2019 to USD 2.6 billion by 2024, at a CAGR of 7.8% during the forecast period. The ceramic armor market is witnessing significant growth because of the growing demand from applications such as body armor, vehicle armor, and aircraft armor.
The body armor application is estimated to account for the largest share of the ceramic armor market in 2019
Body armor is the major application in the ceramic armor market in 2019. North America and Europe are the key markets due to the huge demand for body armors. The vehicle armor application is expected to grow at the fastest rate due to the increasing adoption of ceramic armor in the manufacturing of vehicular components.
Browse in-depth TOC on "Ceramic Armor Market” 71 - Market Data Tables 37 - Figures 117 - Pages
North America is expected to be the largest market for ceramic armor during the forecast period.
North America is expected to dominate the ceramic armor market during the forecast period due to the substantial adoption and manufacturing of products based on ceramic armor technology. The increasing demand from the body armor, vehicle armor, and marine armor industries in North America are also driving the market in the region. In addition, strong support from the governments for ceramic armor and the presence of key manufacturers in the region are expected to drive the market further.
Drivers & Opportunities in global industry: • Security Concerns in Developing Regions • Increasing Demand for Homeland Security • Changing Battlefield Scenario • Development of Lethal Ammunition and Weapons • Need for Lighter Armor Systems • Military Modernization Programs
Major ceramic armor manufacturers are Saint-Gobain (France), CoorsTek, Inc. (US), Koninklijke Ten Cate BV (Netherlands), 3M Company (US), CeramTec (Germany), and ArmorWorks Holdings Inc. (USA).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
