Ceramic Armor Market Set to Cross $3.5 Billion by 2027

1. Ceramic Armor Market worth $3.5 billion by 2027- Exclusive Report by MarketsandMarkets™ 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 2027 ", size is expected to grow from USD 2.3 billion in 2022 to USD 3.5 billion by 2027, at a CAGR of 8.6% during the forecast period. The high growth of the ceramic armor market can be attributed to its substantial demand from the body and vehicle armor applications. Increasing threats from asymmetric warfare, regional conflicts, riots, and terrorism are creating the demand for protective clothing and safe vehicles for safeguarding armed forces, especially in disputed regions across the globe. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243047101 Silicon Carbide ceramic armor comprises a major share of the ceramic armor market in terms of value and volume. Silicon carbide is one of the key ceramic materials for producing ceramic armor. Silicon carbide is extensively used in armor for protection against larger projectiles. The high demand for body armor that provides higher defense and lower weight has increased the market for silicon carbide industry globally. Silicon carbide ceramic material is the most preferred material for defending rifle bullets because of its high strength and hardness. The material is less expensive and offers higher mechanical properties. Body armor product type led the global ballistic composites market in terms of value and volume Ceramic armor are significantly utilized for the manufacturing of vehicle armors as these armors provide a high-level of protection against ballistic threats. Moreover, the use of ceramic armor in the manufacturing of vehicle armor provides them with lightweight, high-strength and corrosion resistance properties, which helps in easy maneuverability and ease of maintenance of vehicle armors. The demand for vehicle armor is expected to be driven by several military programs, such as the HMMWV Modernized Expanded Capacity Vehicle (MECV), the Joint Light Tactical Vehicle (JLTV) - and a replacement for the M113 Armored Personnel Carrier, and the Ground Combat Vehicle (GCV). Request Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=243047101

2. North America is expected to account for the largest market share in the ceramic armor market during the forecast period. North America is the largest market for ceramic armor. The major international players are exploring opportunities in the region owing to raw materials, and high demand from various end-use industries. Demand of ceramic armor in North America is growing due to the rising demand from military and law-enforcement sectors and heavy spending on research and military programs. The presence of a large number of ceramic armor manufacturers makes the region the most promising market for ceramic armors. The key players in the market include BAE Systems plc (UK), Koninklijke DSM N.V. (Netherlands), Morgan Advanced Materials (UK), Saint-Gobain (France), CoorsTek, Inc. (US), 3M Company (US), and CeramTec (Germany), among many others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the composites market. These players have taken different organic and inorganic developmental strategies over the past five years. Request Customization: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=243047101 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of

3. applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com