Ceramic Armor Market | Key players operating in the market include Saint-Gobain, CoorsTek, Inc., Koninklijke Ten Cate BV, 3M Company, CeramTec and ArmorWorks Holdings Inc.

According to recent market research "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 2024", The ceramic armor market size is estimated to grow from USD 1.8 billion in 2019 to USD 2.6 billion by 2024, at a CAGR of 7.8% during the forecast period.

The ceramic armor market is witnessing significant growth because of the growing demand from applications such as body armor, vehicle armor, and aircraft armor.

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The use of ceramic armor is increasing due to the growing demand for custom-made materials for a specific application, wherein manufacturers develop superior materials by modifying their properties as per their requirements. The ceramic armor market size is estimated to grow from USD 1.8 billion in 2019 to USD 2.6 billion by 2024, at a CAGR of 7.8% between 2019 and 2024. The increasing use of ceramics in body & vehicle armors is bolstering the market growth, globally.

The ceramic armor market, by application, is segmented into body armor, aircraft armor, marine armor, vehicle armor, and others. The market in the vehicle armor is projected to register the highest CAGR, in terms of value, during the forecast period. Body armor is the largest application segment of the ceramic armor market, followed by the vehicle armor application. The growing usage of ceramic armor in these applications is bolstering the market.

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The ceramic armor market size is estimated to grow from USD 1.8 billion in 2019 to USD 2.6 billion by 2024, at a CAGR of 7.8% between 2019 and 2024. Ceramic armor is made up of ceramic materials, namely, alumina, silicon carbide, and boron carbide. Ceramic armor offers various advantages such as high hardness, low weight, durable, design flexibility, and high resistance to creep & stress rupture. The ceramic armor product is five times stronger and 70% lighter than steel. The ceramic armor can absorb the kinetic energy of the attack caused by a projectile such as shotguns and long guns. This armor offers a high level of protection against the ballistic threat such as bullets, and exploding munitions. The ceramic armor is lightweight and offers a high level of convenience in mobility to the warriors wearing them.

The major ceramic armor manufacturers are Saint-Gobain (France), CoorsTek, Inc. (US), Koninklijke Ten Cate BV (Netherlands), 3M Company (US), CeramTec (Germany), ArmorWorks Holdings Inc. (USA), BAE Systems (UK), II-VI Incorporated (US), Morgan Advanced Materials plc (UK), and Safariland, LLC (US), among others. These players have adopted various growth strategies such as acquisition and new product launch to expand their presence in the global market. New product launch and partnerships were the dominant strategies adopted by the major players, between 2015 and 2019, which helped them to offer innovative products and broaden their customer base.

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Koninklijke Ten Cate BV (Netherlands) has a prominent presence in the global ceramic armor market. The company has a strong brand image, and it caters to the growing demand for ceramic armor, in major applications. It opted for organic growth strategies through launching new ceramic armor, namely, TenCate Multi-light CXP461lC and TenCate Cratus hard body armor. The company has experts working in a wide range of fields, such as production technology, technical design, and chemical engineering to maintain its comprehensive portfolio of ceramic armor products that have significant growth potential.

CoorsTek, Inc. (US) has secured a strong position in the North American market. It is also establishing its presence in Latin America and MEA and is now focusing on APAC. The company manufactures and develops high-performance components for various industries, such as automotive, defense & security, medical, food & agriculture, energy, chemicals, electronics, and semiconductor. It has a strong focus on R&D and has adopted an inorganic growth strategy by acquiring BLS Textiles (Canada) which provides ballistic vehicle door panels. Additionally, CoorsTek, Inc. is highly engaged in offering customized solutions to customers by utilizing over half of the known elements to ensure high customer value.

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