The Europe Ceramic Armor market was valued at US$ 561.14 million in 2019 and is projected to reach US$ 955.82 million by 2027; it is expected to grow at a CAGR of 7.0% during 2018–2027.
Ceramic armor has been the best material of choice for the production of safety armors. It is generally used by armored vehicles. This industry has the presence of small and medium-size companies that provide customized products to meet the strong demand from international and domestic manufacturing industries. The rising disposable income and increasing governmental initiatives to possess a gun for domestic security are propelling the demand for new and improved variety of products. The body armor is another strong contributor in the rising demand for ceramic armor in Europe. The key market players are focused on offering new and improved products to meet the demand from specific end-use industry, which is bolstering the market growth.
Based on material type, the Europe ceramic armor market is segmented into alumina, boron carbide, silicon carbide, ceramic matrix composite, and others. In 2019, the alumina segment dominated the market. Based on application, the Europe ceramic armor market is segmented into body armor, aircraft armor, marine armor, vehicle armor, and others. In 2019, the body armor segment accounted for the largest market share.
By country, the Europe Ceramic Armor market is segmented into the Germany, the UK, France, Italy, Russia, and Rest of Europe. Russia’s leading industries comprises automotive, aerospace, and electronics. The Russian federation has been increasingly taking up initiatives in the developments of the use of ceramic for personnel and armor vehicle protection. The major concern of the federation has been the development of lightweight materials. All these factors coupled with the increasing awareness of the lightweight and higher flexibility of Ceramic Armor fuel the demand for ceramic armor in Russia.
3M; BAE Systems Plc.; Coorstek, Inc.; CeramTec GmbH; Morgan Advanced Materials Plc.; Koninklijke Ten Cate BV; Point Blank Enterprises, Inc; Safariland, LLC.; and Seyntex N.V. are among the players present in the Europe Ceramic Armor market.
Overall size of the Europe Ceramic Armor market has been derived in accordance to primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe Ceramic Armor market.
Impact of COVID-19 Pandemic on Europe Ceramic Armor Market
In Europe, as per the recent data, Russia has recorded the highest number of the COVID-19 cases. Also, France, Spain, the UK, Italy, and Germany have been hit hard and are suffering an economic hit due to a lack of revenue from various industries. Other member states are implementing drastic measures and travel restrictions, and partially closing their borders, which is restraining the growth of the Europe Ceramic Armor market growth.