Press release
Ceramic Armor Market Size, Trends, Outlook, Opportunities and Market Forecast 2023-2030
Ceramic armor is often used to produce aircraft armor because it provides a high level of defense against ballistic threats. This is expected to drive the ceramic armor market during the forecast period. Furthermore, corrosion resistance, simplicity of vehicle mobility, and protection against inclement weather are all provided by the use of ceramic armor in vehicle armor.
Because ceramic armor has a high compressive strength and hardness, it is mostly employed in armored vehicles and personal shields to prevent bullet penetration. Typically, ceramic plates are utilized as soft ballistic vest inserts. The ceramic armor industry is growing and offers numerous prospects in the defense and military sectors.
Ceramic Armor Market Size and Growth Analysis
The Global Ceramic Armor Market reached US$ 2.0 billion in 2022 and is expected to reach US$ 3.7 billion by 2030, growing with a CAGR of 7.8% during the forecast period 2023-2030.
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Ceramic Armor Market Dynamics and Trends
Many countries set aside large sums of money for their defense needs. A think tank by the name of SIPRI estimates that global military spending exceeded US$1.98 trillion in 2020. It was higher than in previous years. The majority of this money is utilized to improve military hardware. It consists of items like armored vehicles and equipment to keep soldiers safe. Here, ceramic armor is crucial because it offers robust defense without adding undue weight.
Body armor is a safety measure used by police and soldiers worldwide. Crucial to this armor are the ceramic plates. Nations with higher defense budgets also buy more body armour.
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Ceramic Armor Market Segment Analysis
By Material
By Application
By End-User
By Region
Major Companies Covered
BAE Systems Plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Ceradyne, Inc., Safariland, LLC, CoorsTek Inc., Morgan Advanced Materials plc, DuPont de Nemours, Inc., ArmorWorks Enterprises, LLC and MKU Limited.
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