Ceramic Armor Market Projected to Reach US$ 2.6 Billion Growing at CAGR 7.8% to 2024

A Fresh report titled “Ceramic Armor Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 117 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.

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The Ceramic Armor Market size is estimated to grow from US$ 1.8 Billion in 2019 to US$ 2.6 Billion by 2024, at a CAGR of 7.8% between 2019 and 2024. This report spread across 117 Pages, Profiling 11 Companies and Supported with 71 Tables and 37 Figures is now available in this research.

Ceramic armor manufactured using alumina material is expected to grow at the fast estrate during the forecast period, owing to the properties offered by alumina, such as high modulus of elasticity, refractoriness, and hardness. Also, it provides the best cost-benefit among other ceramic armor material type. Additionally, the high demand for ceramic armor for the vehicle armor application is one of the major reason behind the high growth of alumina material type.

North America is expected to be the major market for ceramic armor during the forecast period. Increasing demand for ceramic armor for body armor and aircraft armor is driving the growth of the ceramic armor market in North America. The U.S. leads the market for ceramic armor in North America. Further, the increased budget for the military and huge investments for R&D of ceramic armor is also driving the growth of ceramic armor in the North American market.

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Breakdown of primary participants’ profile:

  • By Company Type: Tier 1- 30%, Tier 2- 40%, and Tier 3-30%
  • By Designation: C level – 30%, Director level – 25%, and Others- 45%
  • By Region: North America – 24%, Europe – 20%, APAC-34%, MEA – 18%, and Latin America – 4%

Study Objectives:

  • To define, describe, and forecast the market on the basis of five regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America
  • To analyze and forecast the market size of ceramic armor, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To define, describe, and forecast the market on the basis of type, form, application, technology, and end-use industry
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile the key players and comprehensively analyze their market share and core competencies.

Top Companies profiled in the Ceramic Armor Market include are Saint-Gobain (France), 3M Company (US), Koninklijke Ten Cate BV (Netherlands), Coorstek, Inc. (US), CeraTec (Germany), BAE Systems (UK), II-VI Incorporated (US), Morgan Advanced Materials plc (UK), Safariland, LLC (US), and Armor Works Holdings, Inc. (US).

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