Ceramic Armor Market Growth Analysis | 2023-2028

Market Insights

The ceramic armor market was estimated at USD 2.34 billion in 2022 and is likely to grow at a CAGR of 8.53% during 2023-2028 to reach USD 3.84 billion in 2028.

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What is ceramic armor?

Ceramic armor is armor used by armored vehicles and in personal armor for its attenuative features. It gives projectile resistance through its high hardness and compressive strength. It is majorly used in applications, where weight is not a constraint, owing to its lightweight property, relative to metals that are commonly used in armor.

Ceramic armor is made of different types of materials, out of which, the most commonly used materials are alumina, boron carbide, silicon carbide, and titanium diboride.

Key Players

Some of the major players in the market are-

• Morgan Advanced Materials PLC
• The 3M Company.
• Koninklijke Ten Cate B.V.
• Saint-Gobain
• CoorsTek, Inc.

Market Dynamics

The growth of the market is attributed to the surge in military expenditure by countries to solidify their military protection capabilities.

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Segments' Analysis

By Material Type

Based on the material type, the market is segmented as alumina, boron carbide, silicon carbide, ceramic matrix composite, and others. The silicon carbide segment is estimated to account for the largest share of the market during the forecast period. The growth of this segment is owing to silicon carbide ceramic material being most widely used as a shield for defending rifle bullets, by virtue of its properties, such as superior hardness and strength. In addition, as body armor made from silicon carbide offers lower weight and higher defense, the demand for silicon carbide ceramic armor is likely to increase during the forecast period.

By Application Type

Based on the application type, the market is segmented as body armor, aircraft armor, marine armor, vehicle armor, and others. The body armor segment is expected to be the largest application type in the market during the forecast period. The growth of the segment is due to body armors being used for primary applications owing to their high demand, especially from law enforcement services and armed forces. Besides, the upgradation of weapons has rendered a facelift to threat effectiveness levels, which in turn, has underpinned the demand for required enhanced body armor. Also, as ceramic armor is designed to offer lightweight and comfortable mobility, it is one of the prime factors behind the increasing adoption of the body armor application.

Regional Insights

In terms of regions, North America leads the market for ceramic armor and is estimated to maintain its dominance during the forecast period as well. The North American market is driven by the high demand for ceramic armor, majorly from the aerospace & defense industry, and from the defense as well as civilians. Also, the increase in military investments by the US government is another driving factor for the rising consumption of ceramic armor in aircraft and vehicle armor applications. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The ceramic armor market is segmented into the following categories. 

By Material Type

• Alumina
• Boron Carbide
• Silicon Carbide
• Ceramic Matrix Composite
• Others

By Application Type

• Body Armor
• Aircraft Armor
• Marine Armor
• Vehicle Armor
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the material types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.