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Global Ceramic Armour Market to Grow at a CAGR of 7.5% During 2022-2027, Aided by the Increasing Demand for Armour for Defence Applications

According to a new report by EMR titled, ‘Global Ceramic Armour Market Report and Forecast 2022-2027’, the market attained a value of more than USD 2 billion in 2021. The industry is further expected to grow at a CAGR of 7.5% between 2022 and 2027 to reach a value of over USD 3.1 billion by 2027.

The ceramic armour industry is driven by the changing preference towards ceramic as an alternative to metal to make body armours. Unlike metals, ceramic vests are light-weight, exhibit toughness, offers high performance and protection, and are customisable. Hence, the growing adoption of ceramic-based body armours for defence and military applications is likely to boost the global ceramic armour industry. Moreover, the increasing development of combat-aircraft and increasing investments to bolster air capabilities, owing to the rising border conflicts and terrorism, are also anticipated to augment the product demand for aircraft applications.

In July 2021, Sintx Technologies Inc. (NASDAQ: SINT) entered the ceramic armour industry through the purchase of B4C, LLC assets and technology license from Precision Ceramics USA Inc. The company is going to utilise a two-pronged strategy via its newly created and wholly owned subsidiary known as SINTX-Armor. Such developments are anticipated to provide impetus to the market in the forecast period.

In terms of region, North America is likely to account for a significant share in the market and is anticipated to witness a healthy growth in the forecast period. The United States of America makes significant expenditure on military and defence capabilities globally. In addition to this, the country is witnessing a significant increase in the production of warships and light-combat aircraft, which is likely to generate a considerable demand for ceramic armours.

Market Breakup by Material, Application, and Region:

  • The market is segmented based on material into boron carbide, ceramic metal composite, alumina, and silicon carbide, among others.
  • Based on application, the market is divided into body armour, aircraft armour, defence armour, and marine armour, among others.
  • Region-wise, the global market for ceramic armour can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for ceramic armour is being driven by the increasing inclination towards ceramic as an alternative to steel in armour production.
  • The growing awareness about the light-weight of ceramic armour is anticipated to propel its demand in the forecast period.
  • The rising military expenditure by the governments of developed and developing regions is likely to boost the market growth.
  • The market is expected to be aided by the rapid technological advancements and growing R&D activities for ceramic armours.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for ceramic armour for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the materials, applications, and major regions of ceramic armour.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global ceramic armour market are CeramTec GmbH, ArmourWorks, Ceradyne, Inc., and CoorsTek Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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