CAGR: 8.9%Current Market Size: USD 2.40 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global ceramic armor market is expected to grow from USD 2.40 billion in 2022 to USD 4.74 billion by 2030, at a CAGR of 8.9% during the Projection period 2023-2030. The growth of the ceramic armor market is mainly driven by the growing prevalence of usage in the military and defense sectors.
Ceramic armor is primarily used in armored vehicles and personal armor to resist bullet penetration because of its high compressive strength and hardness. Ceramic plates are generally used as inserts in soft ballistic vests. With many opportunities in the military and defense sectors, ceramic armor is a rising industry. Because ceramic armor offers a high level of defense against ballistic threats, it is frequently employed in the creation of aircraft armor. Throughout the Projection period, this is anticipated to fuel the market for ceramic armor growth. As a result, there will be fewer broken ribs, sternum fractures, and collapsed lungs. Bullets that penetrate supersonic armor perform better against ceramic. Soft ballistic vests use ceramic or trauma plates as inserts. It is challenging enough to prevent armor from being pierced by ensuring that a bullet or other weapon is deflected, which occurs when the armor material pushes out on the bullet with approximately the same force as the bullet pushes in. Shotguns and long guns can use this property to break down bullets and defend people by absorbing the kinetic energy they produce. The production of various pieces of equipment in the security and defense industries frequently uses ceramic armor.
Samper Request: - Global Ceramic Armor Market
Market Dynamics:
Drivers:
Counter-insurgency, counter-terrorism, and guerrilla warfare operations are examples of contemporary warfare tactics that could cause fatal injuries to soldiers. Similar situations occur in the world of law enforcement where criminals, felons, and other lawbreakers have the potential to fatally hurt corresponding officers, necessitating the purchase of personal protective suits and related gear. As a result, there is a growing demand for ballistic protective gear and suits to defend military soldiers in many different locations of the world. Additionally, modernization initiatives have opened up a number of options for ceramic armor market participants, resulting in contractual relationships with military organizations. For instance, the U.S. Armed Forces placed two separate delivery orders totaling USD 40 million with body armor maker KDH Defense Systems in July 2019.
Restraints:
Due of its sensitivity, the body armor plate sector is subject to numerous laws and regulations. The National Institute of Justice (NIJ), the United States Department of Defense (DoD), and Underwriters Laboratories are the three regulatory organizations that test it (UL India). The requirements for testing the amount of intensity the body armor can resist against any threat must be met by vendors who are producing and selling armor plates. Furthermore, the aid of the guidelines in identifying the severity of the attack that an armor plate would be able to withstand. Regulations being changed to guarantee greater safety are making it difficult for market vendors to compete.
Opportunities:
All nations have been making investments in their militaries in order to preserve peace and security. Governments in nations like the United States, China, India, and others have been routinely raising defense spending. India ranked fifth in the world for defense spending, with real expenditures of INR 2,63,004 crore, or more than the allotted amount. Additionally, as part of the "Make in India" effort, the government has permitted 100% FDI for defense production in the nation, which is anticipated to further draw in investments. In addition, the nation intends to produce 200 helicopters in conjunction with Russia in order to strengthen and diversify its strategic alliances.
Challenges:
Many countries throughout the world have been thinking about lowering their costs for military systems during the past few years. Since they must concentrate on building public infrastructure, emerging countries frequently find it challenging to invest actively in defense procurements. Even the UN is urging these countries to reduce their military spending due to the rising indebtedness and inflation. For instance, in March 2021, developing countries like India had cut their government's overall spending by 4% during the previous six years despite facing an increased threat from both China and Pakistan.
Segmentation Analysis:
The global ceramic armor market has been segmented based on material, application, platform, and region.
By Material
The material segment is a ceramic metal composite, alumina, boron carbide, SiC, and others. The ceramic metal composite segment led the largest share of the ceramic armor market with a market share of around 35.6% in 2022. The growth of the ceramic armor sector is being driven by the desire for increased protective materials that are lightweight, cozy, and durable. Thanks to the substantial use of alumina by armor producers, the ceramic armor industry in terms of revenue were controlled by alumina in 2021. Alumina has a high cost-benefit ratio, high hardness, refractoriness, and elastic modulus. Ceramic plates, which are used in armored helicopters and body armor to protect against smaller missiles, frequently include boron carbide. Armor materials must adhere to strict criteria because operations are so crucial. Different regulatory organizations regulate design and performance standards. For instance, in the United States, the National Institute of Justice has set standards for armor performance compliance (NIJ).
By Application
The application segment is defense armor, body armor, marine armor, and aircraft armor. The body armor segment led the largest share of the ceramic armor market with a market share of around 46% in 2022. Due to the demand for it from homeland security agencies around the world, body armor now holds the largest market share in the ceramic armor industry and is predicted to grow at the fastest rate. Ceramic armor is used to create body armor because it is lightweight and corrosion-resistant, both of which increase mobility and make construction easier. Modern weaponry has increased threat effectiveness, making greater body armor necessary. By reducing the kinetic energy of ballistic impacts, body armor deflects them and lessens the force of the impact. The US, China, and Russian markets are the most lucrative. In the United States and Europe, body armor is increasingly being given to first responders like firefighters, police officers, and Emergency Medical Service (EMS) personnel.
By Platform
The platform segment is civilians, defense, and homeland security. The defense segment led the largest share of the ceramic armor market with a market share of around 56.6% in 2022. Due to the material's widespread use in the defence industry for the protection of personnel, vehicles, and building infrastructure, the defence sector segment holds the greatest share of the global ceramic armour market.
Global Ceramic Armor Market - Sales Analysis.
The sale of the ceramic armor market expanded at a CAGR of 7.5% from 2016 to 2022.
Growing government spending on defence to enhance security measures and an uptick in attack risks are the main growth drivers for the ceramic armour market. The need for Ceramic Armor has also been sparked by the increased emphasis on military safety and survivability as well as technological developments in ammunition and weaponry. Additionally, wars involving several nations, an increase in transnational conflicts & terrorist attacks, and a rising demand for cutting-edge security systems for both troops and combat vehicles are the factors anticipated to promote the market expansion. Increasing demand for high-quality clothing at cheaper rates and quickly shifting fashion trends are driving the ceramic armour market.
Ceramic armour is mostly employed in military and defence applications. To defend cars, people, planes, and naval ships, ceramic armour is utilised. They are popular in the aerospace and military sectors because to their light weight and flexibility, and this feature will likely fuel the market's expansion over the Projection period. However, difficulties with manufacturing these items due to their convoluted production method and the availability of substitute materials like polypropylene are the factors that could restrain market expansion.
Thus, owing to the aforementioned factors, the global ceramic armor market is expected to grow at a CAGR of 8.9% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the ceramic armor market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the ceramic armor market and held a 37.5% share of the market revenue in 2022.
Global Ceramic Armor Market- Country Analysis:
Germany's ceramic armor market size was valued at USD 0.17 billion in 2022 and is expected to reach USD 0.33 billion by 2030, at a CAGR of 9% from 2023 to 2030. The German government is increasing spending on modernising its armed forces, which is assisting market expansion. The nation expects to spend USD 43.9 billion on the modernisation initiative, according to its federal budget projections for the years up to 2020.
China’s ceramic armor market size was valued at USD 0.18 billion in 2022 and is expected to reach USD 0.36 billion by 2030, at a CAGR of 9.2% from 2023 to 2030. To fund the modernization of its armed forces, China plans to increase its military spending by 8.1% in 2018, according to a budget document that was made available to the public in March 2018. Additionally, China is updating its air defence and aviation forces. Increased demand for sturdy yet lightweight materials is anticipated to promote market expansion.
India's ceramic armor market size was valued at USD 0.14 billion in 2022 and is expected to reach USD 0.28 billion by 2030, at a CAGR of 9.1% from 2023 to 2030. Due to the increase in terrorist activity and cross-border fighting. Additionally, it is projected that the region's ceramic armour market would expand in the future years due to the rise in demand for strong and lightweight materials to enhance aviation forces' and air defence units' capabilities.
Key Industry Players Analysis:
To increase their market position in the global ceramic armor market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
8.9% |
Market Size |
2.40 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Material, By Application,By Platform, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
ArmorWorks (U.S.), SAAB AB (Sweden), M Cubed Technologies (U.S.), Olbo & Mehler (Germany), Saint-Gobain S.A. (France), 3M Company (U.S.), II-VI Incorporated (U.S.), Morgan Advanced Materials (UK), and Safariland, LLC (U.S.). |
By Material |
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By Application |
|
By Platform |
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Regional scope |
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Scope of the Report
Global Ceramic Armor Market By Material:
Global Ceramic Armor Market By Application:
Global Ceramic Armor Market By Platform:
Global Ceramic Armor Market By Region:
The ceramic armor market is projected to have a CAGR of 8.9%.
Global ceramic armor market is expected to reach USD 4.74 billion by 2030.
Leading market players active in the global ceramic armor market are 3M Technical, Armorworks, Armorstruxx, BAE Systems, Ceramtec, Cerco Corporation, Hard Shell Ltd., CoorsTek Inc., FMS Enterprises Migun Ltd., and II-VI Incorporated. among other
Counter-insurgency, counter-terrorism, and guerrilla warfare operations are examples of contemporary warfare tactics that could cause fatal injuries to soldiers. Similar situations occur in the world of law enforcement where criminals, felons, and other lawbreakers have the potential to fatally hurt corresponding officers, necessitating the purchase of personal protective suits and related gear.
Based on the application, the global ceramic armor market has been segmented into defense armor, body armor, marine armor, and aircraft armor.
Political Factors- Democracy is the cornerstone of the existing system of government, which underpins the operations of the ceramic armor industry. A democratic political system that encourages initiative and free commerce can provide financial freedom to the ceramic armor market. By obtaining strong partners in the media, pressure organisations can have an impact on the corporate climate. By starting marketing efforts and protests, these organisations are under pressure from these groups. Since these pressure groups have the power to influence government policy, which could ultimately have an impact on the entire business climate, the market for ceramic armor needs to keep an eye on them.
Economic Factors- Capital accumulation and the production of goods and services are made possible by the financial market's efficiency and general economic growth, which have a strong positive association. To quickly construct financial and human capital, the ceramic armor industry must select nations with incredibly efficient financial markets. The effectiveness of the financial system can keep the ceramic armor market one step ahead of its rivals. When deciding whether to expand internationally, the market for ceramic armor should analyse the rates of economic growth of the various nations. There are greater opportunities to pursue long-term growth goals in countries with high economic growth rates.
Social Factors- When the ceramic armor market primarily targets young consumers with its products/services, there are two positive demographic indicators: high population growth and an increasing share of the young population group. Since a friendly attitude toward immigrants from different cultural backgrounds is an indication that diversity management approaches should be implemented, the market for ceramic armor should look into the host country's perspective on immigration. In order to promote diversity and inclusion, the ceramic armor market needs to alter its marketing tactics. A positive perspective on migration also shows how people from all cultural backgrounds can easily find employment in the ceramic armor business. Diversity in the workplace is typically associated with increased output, improved innovation, and better overall business performance.
Technological Factors- The research and development trend in the selected industry or field shows how forward-thinking businesses are in commercialising cutting-edge innovations. The market for ceramic armor has to comprehend how new technological advancements can help the industry and offer advantages to customers. In markets characterised by disruptive technology, a large investment in research and development would be required. However, the market for ceramic armor must have a long-term perspective and refrain from expecting a quick return on its R&D investments.
Environmental Factors- The adoption of the closed-loop, circular economy concept is starting to become commonplace in some nations across a range of locations and industries. Industries that benefit from encouraging institutional frameworks can facilitate material recycling and reuse. Similar to this, recycling is a well-liked hobby throughout the world. These sustainability trends could help the market for ceramic armor promote goods and be used as a tool to achieve financial goals by lowering production costs and lowering environmental expenses.
Legal Factors- Numerous federal and state legislation are in place in several nations to safeguard consumers against potential economic abuse. Laws to protect consumer privacy have become more tighter in the age of information technology. Market resources for ceramic armor Companies must strictly abide by the data privacy laws when conducting online transactions in order to prevent lawsuits. Marketsupplies for ceramic armor Market management must research local laws governing returns, discounts, credit terms, quality, deceptive advertising, and maximum price before entering new markets (particularly in the case of basic essential goods).
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