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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Market Dynamics
Introduction
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.
Market Drivers
There are several factors that suggest the demand for ceramic armor is on the rise and therefore contributing towards the growth of the market. Here are the primary factors fueling the expansion of the ceramic armor market
- Rising Defense and Military Expenditure: The growing military expenditure of countries across the globe, particularly in the United States, China, India, and Russia, is acting as the primary factor responsible for driving the demand for better protective clothing. The governments are putting money into the upgrade of military clothing and equipment like personal protection gear, which greatly favors the sales of ceramic armor.
- Growing Threat of Armed Conflicts and Terrorism: The rise in geopolitical tensions, armed conflicts, and terrorist activities has contributed to the enhanced need for advanced protective solutions. For high-velocity shooting, ceramic armor is used in body armor, armored vehicles, and aircraft, thus making it relevant in high security and defense regions.
- Increasing Adoption in Law Enforcement and Homeland Security: In addition to military uses, ceramic armor finds its application as personal protection in law enforcement and homeland security to reduce kill zones for its personnel against ballistic threats. The increased concern for citizens’ safety and the safety of police officers has contributed to a higher demand for improved armor products, including ceramic armor products.
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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.
Note: The above list does not necessarily include all the top players in the market.
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Segments Analysis
Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Material Type Analysis
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Alumina, Boron Carbide, Silicon Carbide, Ceramic Matrix Composite, and Others
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The silicon carbide segment is estimated to account for the largest share of the market during the forecast period.
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Application Type Analysis
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Body Armor, Aircraft Armor, Marine Armor, Vehicle Armor, and Others
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The body armor segment is expected to be the largest application type in the market during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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North America leads the market for ceramic armor and is estimated to maintain its dominance during the forecast period as well.
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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 armor 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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Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s ceramic armor market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- 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 15 detailed primary interviews with market players across the value chain in all four regions and 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
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)
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.