BURLINGAME, Calif.,
June 26, 2024 /PRNewswire/ -- The
global Ceramic Armor Market, valued at $2.6 billion in 2024, is on a trajectory of rapid
expansion, with projections indicating it will soar to $3.8 billion by 2031, growing at a compound
annual growth rate (CAGR) of 5.6% from 2024 to 2031, as per a
recent report by Coherent Market Insights. Growing demand for
advanced personal protection equipment from military and law
enforcement agencies is also fueling the market growth. Ceramic
materials offer superior ballistic protection relative to their
weight and are increasingly used in manufacture of lightweight and
high-performance body armors.
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Market Dynamics:
The ceramic armor market is primarily driven by the increasing
demand from the defense sector. Ceramic armor plates provide
lightweight protection from ballistic threats and find extensive
usage in bulletproof vests and vehicles. Moreover, ongoing
geopolitical conflicts and rising defense budgets of emerging
economies are fueling the demand for advanced personal protection
equipment. Ceramic composites offer high strength and durability
compared to metallic and fiber-based counterparts. Manufacturers
are focusing on developing ultra-high molecular weight polyethylene
materials integrated with ceramic laminates to provide multi-hit
capabilities.
Ceramic Armor Market Report Coverage
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$2.6 billion
|
Estimated Value by
2031
|
$3.8 billion
|
Growth
Rate
|
Poised to grow at a
CAGR of 5.6%
|
Historical
Data
|
2019–2023
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Material, By
Application, By End User
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Growth
Drivers
|
- Commercial Security Personnel Mandate
Body Armor Use
- Military Spending on Body Armor will
Stimulate Market Growth
|
Restraints &
Challenges
|
- High Production Cost
- Stringent regulations on the use of
certain chemicals in manufacturing
|
Market Trends:
Silicon carbide ceramic compounds have emerged as a viable
substitute for aluminum oxide and boron carbide varieties. This is
due to silicon carbide offering equivalent ballistic resistance at
approximately 30% lower weight. Leading players such as Saint
Gobain and CoorsTek are extensively investing in silicon carbide
processing facilities.
Demand for lightweight armor solutions for military vehicles is
on the rise with end-users prioritizing mobility and payload
capacity. Ceramic-metal composites that integrate alumina or
silicon carbide tiles with steel or aluminum backings are gaining
widespread adoption. The ability of these hybrid systems to
neutralize a variety of projectiles with reduced added weight
remains a key factor spurring their incorporation in tanks, armored
vehicles, and helicopter cabins.
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Market Opportunities:
The body armor segment accounted for over 30% of the global
ceramic armor market share in 2024. Body armor is critical for
protecting military and law enforcement personnel from bomb blasts
and ballistic threats. The growing threats of terrorism worldwide
have driven significant demand for lightweight and effective body
armor solutions. Nation states are investing heavily in protective
gear for their armed forces and domestic security agencies.
Up-armoring of military vehicles is another key growth driver
for ceramic armor manufacturers. The vehicle armor segment is
expected to expand at a CAGR of 6.2% till 2031. Installation of
ceramic composite panels in armored vehicles and tanks provides
multi-hit protection against rocket propelled grenades and
improvised explosive devices. A majority of countries are focused
on upgrading their armored vehicle fleets given the evolving nature
of asymmetric warfare.
Key Market Takeaways
The global ceramic armor market is anticipated to witness a CAGR
of 5.6% during the forecast period 2024-2031, led by rising defense
budgets and threats of urban warfare.
On the basis of material type, boron carbide accounted for over
40% of the market in 2024 owing to its lightweight properties and
multi-hit capability.
On the basis of application, the vehicle armor segment held a
dominant share of 35% in 2024 due to bulk procurement of armored
vehicles by military forces globally.
By region, North America
dominated with a 40% market share due to large defense spending and
ongoing engagements in the Middle
East and Afghanistan.
Key players operating in the ceramic armor market include
Saint-Gobain, CoorsTek Inc, Koninklijke Ten Cate bv and
3M. Saint Gobain has emerged as the
market leader with its wide portfolio of alumina and boron carbide
ceramic composites used in body, vehicle and structure armor
applications.
To summarize, the global ceramic armor market is driven by the
pressing need for effective protection solutions against a range of
ballistic and explosive threats encountered on the modern
battlefield. Leading manufacturers are investing in new materials
like ceramic matrix composites to enhance the form, fit and
function of armor systems. The market is expected to grow steadily
as defense budgets rise and asymmetric warfare becomes the new
normal.
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Detailed Segmentation:
By Material:
- Alumina
- Boron Carbide
- Silicone Carbide
- Others (Aluminum Oxynitride, etc.)
By Application:
- Body Armor
- Aircraft Armor
- Marine Armor
- Others (Vehicle Armor, etc.)
By End-user:
- Defense
- Homeland Security
- Civilians
By Region:
North America:
Latin America:
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Europe:
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
Asia Pacific:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
Middle East:
- GCC Countries
- Israel
- Rest of Middle East
Africa:
- South Africa
- North Africa
- Central Africa
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