Ceramic Armor Market Forecasted to Exceed USD3.5 billion by 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. Increasing crime and terrorist activities are driving the demand for ballistic body and vehicle armor for use by political leaders, businesspeople, bureaucrats, high-profile athletes, entertainment celebrities, and others. 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. Various companies are focusing on adding ceramic armor to vehicles designed for civilians, depending upon client needs and the desired protection level, composites can be added in doors, roofs, and floors as well as firewalls, pillars, posts, and other body panels.
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High ballistic resistance, and durability have driven the market for ceramic armor plates in defense applications. On the other hand, the higher cost of ceramic armor compared to metals and alloys and the high requirement for customization for end-use applications are the major restraining factors in this market. These opportunities include the development of low-cost and high-performance commercial ceramic armor. In order to achieve technical excellence, armor manufacturers are working with composites companies in the design stage of ceramic matrix composite.
Companies operating in the ceramic armor market have strengthened their position in the global market by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions from 2018-2022. The major players active in the market 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.
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.
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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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