Ceramic Armor Market 2022, Global Key Players, Material Type, Growth Rate, Application, Size, Share and Forecasts to 2027

The global 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. The significant growth of ceramic armor is attributed to the increasing demand from military and defense applications. Ceramic armor is majorly used in the aerospace & defense industry owing to the superior ballistic protection offered by it. Increased threats from regional conflicts, asymmetric warfare, terrorism, and riots are increasing the need for various protective clothing and also safe vehicles for safeguarding armed forces, especially, in disputed regions across the world. Hence, military superpowers are focusing on technological advancement and thereby expansion of ballistic products by increasing the defense budgets and investing in the production of various ceramic armor.

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"Alumina is the fastest-growing material type of ceramic armor, in terms of value."
Use of Alumina to manufacture ceramic armor is expected to grow with the highest CAGR during the forecasted period due to the properties like high modulus of elasticity, refractoriness, and hardness.
Also, it provides the best cost-benefit among other ceramic armor material type. Moreover, high demand for ceramic armor from the aircraft and vehicle armor application is one of the major reason behind the high growth of alumina material type.

"Aircraft armor is the fastest-growing application of ceramic armor, in terms of value."
The ceramic armor market is an emerging market with large opportunities in the military & defense industry. The utilization of ceramic armor in aircraft armor, vehicle armor, body armor, and other applications. The aircraft armor application leads the ceramic armor market. Ceramic armor are significantly utilized for the manufacturing of aircraft armors as these ceramic armor provide a high-level of protection against ballistic threats. Moreover, the use of ceramic armor in the manufacturing of vehicle armor protects them with extreme and unfavourable weather conditions, resistance against corrosion, and convenience in the mobility of the vehicles.

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"Asia Pacific is the fastest-growing ceramic armor market."
Asia Pacific is expected to be the fastest growing market for ceramic armor during the forecasted years. As a result of high regional tension and disputes over territories, there is an increase in military spending within this region. Also, the region has been identified as a major export market for armors. The respective governments of various countries in this region are signing contracts with western countries for technology transfer and collaboration in the defense sector, which is expected to drive the ceramic armor market in the region.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:
• By Company Type- Tier 1- 60%, Tier 2- 20%, and Tier 3- 20%
• By Designation- C Level- 33%, Director Level- 33%, and Managers- 34%
• By Region- North America- 20%, Europe- 25%, APAC- 25%, Latin America-10%, MEA-20%,

The report provides a comprehensive analysis of company profiles listed below:
• Koninklijke DSM N.V. (Netherlands)
• BAE Systems (UK)
• Morgan Advanced Materials (UK)
• Saint-Gobain S.A(France)
• 3M Company (US)
• CeramTec (Germany)
• II-VI Incorporated (US)
• and MKU Limited (India)
• Others

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Research Coverage:
This report covers the global ceramic armor market and forecasts the market size until 2027. The report includes the market segmentation-Material Type (Alumina, Boron Carbide, Silicon Carbide, Ceramic Matrix Composite and others), Application (Aircraft Armor, Marine Armor, Vehicle Armor, Body Armor, and Others), and Region (Europe, North America, Asia Pacific, Latin America, and Middle East & Africa). Porter's Five Forces analysis, along with the drivers, restraints, opportunities, and challenges, are discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global ceramic armor market.

Key benefits of buying the report:
The report will help market leaders/new entrants in this market in the following ways:
• This report segments the global ceramic armor market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
• The report helps stakeholders understand the pulse of the ceramic armor market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.

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