The report "Ceramic Armor Market by Material Type (Alumina, Boron Carbide, Silicon Carbide, Ceramic Matrix Composite, Titanium Boride, Aluminium Nitride), Application (Body Armor, Aircraft Armor, Marine Armor, Vehicle Armor), and Region - Global Forecast to 2027 ", 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. 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.
Browse 210 market data Tables and 45 Figures spread through 198 Pages and in-depth TOC on "Ceramic Armor Market by Material Type (Alumina, Boron Carbide, Silicon Carbide, Ceramic Matrix Composite, Titanium Boride, Aluminium Nitride), Application (Body Armor, Aircraft Armor, Marine Armor, Vehicle Armor), and Region - Global Forecast to 2027 "
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/ceramic-armor-market-243047101.html
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).
North America is expected to account for the largest market share in the ceramic armor market during the forecast period.
North America is the largest market for ceramic armor. The major international players are exploring opportunities in the region owing to raw materials, and high demand from various end-use industries. Demand of ceramic armor in North America is growing due to the rising demand from military and law-enforcement sectors and heavy spending on research and military programs. The presence of a large number of ceramic armor manufacturers makes the region the most promising market for ceramic armors.
The key players in the market include 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.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441