Ceramic Armor Market to reach $3.5 billion, Globally, by 2027 at 8.6% CAGR, says MarketsandMarkets™

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Sep 29, 2022, 06:00 ET

CHICAGO, Sept. 29, 2022 /PRNewswire/ -- Ceramic Armor Market 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, as per the recent published report by MarketsandMarkets™. 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.

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Browse in-depth TOC on "Ceramic Armor Market"

210 – Tables
45 – Figures
189 – Pages

List of Key Players in Ceramic Armor Industry:

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.

Drivers, Restraints, Challenges and Opportunities in Ceramic Armor Market:

Drivers: Security concerns in developing regions
Restraints: Complexity of ceramic armor design
Challenges: Development of durable ceramic armor as per threats
Opportunities: Need for more lightweight armor systems

Key Findings of the Study:

Silicon Carbide ceramic armor comprises a major share of the ceramic armor market in terms of value and volume.
Body armor product type led the global ballistic composites market in terms of value and volume
North America is expected to account for the largest market share in the ceramic armor market during the forecast period.

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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 market 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).

High ballistic resistance, and durability have driven the market for ceramic armor plates in defense applications. On the other hand, the higher cost of ceramic armor compared to metals and alloys and the high requirement for customization for end-use applications are the major restraining factors in this market. These opportunities include the development of low-cost and high-performance commercial ceramic armor. In order to achieve technical excellence, armor manufacturers are working with composites companies in the design stage of ceramic matrix composite.

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Browse Adjacent Markets: Fibers and Composites Market Research Reports & Consulting

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COMPOSITES MARKET - By Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry and Region https://www.marketsandmarkets.com/Market-Reports/composite-market-200051282.html

AEROSPACE COMPOSITES MARKET - By Fiber Type (Carbon, Ceramic, Glass), Matrix Type, Application, Manufacturing Process, Aircraft Type (Commercial Aircraft, Business & General Aviation, Civil Helicopter, Military Aircraft), and Region https://www.marketsandmarkets.com/Market-Reports/aerospace-composites-market-246663558.html

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