Ceramic armor is made up of ceramic materials, namely, alumina, silicon carbide, and boron carbide. Ceramic armor offers various advantages such as superior hardness, low weight, durability, design flexibility, and high resistance to creep and stress rupture. Ceramic armor products are five times stronger and 70% lighter than steel. It has the capability of absorbing the kinetic energy caused by a projectile such as shotguns and long guns, which helps in breaking down the bullet without harming the person. This armor offers a high level of protection against ballistic threats such as bullets and exploding munitions. Ceramic armor is lightweight and offers a high level of convenience in mobility. ----------- Note: Core competencies1 of companies are determined in terms of their key developments and key strategies adopted by them to sustain in the market.

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.