Ceramic Armor Market Overview
Ceramic Armor Market size is estimated to be $2,170m in 2020, growing at a CAGR of 7.44% during the forecast period 2021-2026. Ceramic armor are used for the containment of blast fragments and prevention of bullet penetration in defense industry. The most common ceramic materials used for armor application includes alumina, boron carbide, silicon carbide and titanium diboride. The growing demand of lightweight protection materials in defense and military sector coupled with the increasing government spending in military & defense are some of the key factor contributing to its market growth. For instance, in February 2021, US Government accountability office stated that, the Defense spending amounted to $714 billion in financial year 2020 and is expected to increase to $733 billion in financial year 2021. Moreover, the worldwide aerospace and military industry grew by 6.7 percent year over year in 2019, according to data from the Aerospace Industries Association (AIA). The need for protective armors, particularly ceramic armor, is increasing as a result of the significant increase in this industry in many countries throughout the world.
The report: “Ceramic Armor Market Forecast (2021-2026)” covers an in-depth analysis of the following segments of the Ceramic Armor Market.
By Material - Alumina, SiC, Ceramic Metal Composite, Boron Carbide and Others.
By Application- Body Armor, Aircraft Armor, Defense Armor and Marine Armor.
By End-Use Industry- Defense, Homeland Security, Civilian and Aerospace.
By Geography-North America, South America, Europe, Asia Pacific and Row.
- Ceramic Metal Composite segment held the largest market share in the year 2020 owing to the increasing usage of ceramic metal composite among various end-use industry such as defense, aerospace and others.
- Defense Armor segment held the largest market share in the year 2020 owing to the growing demand of ceramics armor in defense owing to its ability to stop rifle bullets owing to its impressive strength and hardness are some of the key factors contributing to its segmental growth.
- North America dominated the Ceramic Armor Market in 2020 owing to the presence of key players in the region coupled with various government supportive policies.
- The growing usage of ceramic armor in military & defense is estimated to foster its market growth in the future.
By Material - Segment Analysis
By Material, the Ceramic Armor Market is segmented into Alumina, SiC, Ceramic Metal Composite, Boron Carbide and Others. Ceramic Metal Composite segment held the largest market share in the year 2020 owing to the increasing usage of ceramic metal composite among various end-use industry such as defense, aerospace and others owing to its various benefits. Composite armor can be designed to be stronger, lighter, and less bulky than traditional armor, but the cost is frequently prohibitively costly, limiting its application to the vehicle's most susceptible areas. Its main goal is to counter high explosive anti-tank (HEAT) rounds. Also, alumina, is projected to witness growth at fastest CAGR of 7.84% in forecast period 2021-2026. The world has altered dramatically. Military and security forces around the world have had to adjust to new domestic and international terror threats, as well as a faster pace of combat deployments in hostile terrain. Because alumina is widely employed by armor producers, it controlled the market in terms of income. The high refractoriness, high modulus of elasticity, and high hardness of alumina provide a cost-benefit ratio.
By Application- Segment Analysis
By Application, the Ceramic Armor Market is segmented into Body Armor, Aircraft Armor, Defense Armor and Marine Armor. Defense Armor segment held the largest market share in the year 2020 owing to the growing demand of ceramics armor in defense owing to its ability to stop rifle bullets owing to its impressive strength and hardness are some of the key factors contributing to its segmental growth. Military professionals require high-performance protection at the lightest weight possible, hence the ceramic armors are widely used in this sector. In defense applications the armors are used in various trucks, body armors, vehicles and so on. Also, body armor segment, is projected to witness growth at CAGR of 7.58% in forecast period 2021-2026. Body armors are majorly employed in law enforcement applications. Law enforcement professionals require lightweight, high-performance, affordable body armor that provides protection from ballistic threats. With the growing recruitment in the law enforcement agencies is analyzed to boost the demand for the body armors.
Geography- Segment Analysis
North America dominated the Ceramic Armor Market in 2020 owing to the presence of key players in the region coupled with various government supportive policies. For instance, United States Department of Labor, encourages states to develop and operate their own safety and health programs that may have different standards from OHSA’s standards, but are determined to be at least as effective. Moreover, in August 2020, Agile Ultrasonics, a business focused on enabling advancements in composite material manufacturing, has contracted with the Center for Design and Manufacturing Excellence (CDME) to propel technological innovation. The company partners with CDME engineers to develop critical composite processing capabilities used in military armor. Furthermore, in December 2019, Coorstek Inc., entered into a partnership with the Colorado School of Mines. Under this partnership, the Coorstek Research Fellow Program leads the way in academic ceramic research. Hence the significant growth in the defense and marine industry alongside the use of the Ceramic Armor is set to boost the market growth rate during forecast period 2021-2026.
Drivers - Ceramic Armor Market
- Military end-user segment to witness rapid growth during the forecast period
In recent years, the number of military operations has increased owing to rising defense spending, rising terrorism and hostile activities, and numerous territorial conflicts. Following these tragedies, some countries are purchasing bulletproof vests for their military members as a precaution. For instance, The Marine Corps Systems Command granted the corporation a multi-year, firm-fixed-price, indefinite-delivery/indefinite-quantity (IDIQ) contract worth USD 59.4 million earlier in 2018. The company may offer up to 65,469 Plate Carrier Generation III - Soft Armor Inserts under the deal, with delivery slated to begin in 2023. Several such procurement activities are now taking place on a global basis, putting the military end-user segment of the market in the spotlight over the forecast period.
- Asia Pacific to witness the highest growth during the forecast period
The region's geopolitical situation has turned it into a hotbed for unprecedented clashes and armed standoffs, particularly along the Indo-China border. A significant number of active military personnel in the countries necessitates the adoption of suitable body armor for their protection, and the wear and tear of such equipment generates cyclic demand. On this note, India is a major exporter of advanced ballistic vests and helmets to over 250 forces in over 100 nations, including the militaries of the United Kingdom, Germany, Spain, and France, as well as the Japanese and American police forces. Apart from the United States, the United Kingdom, and Germany, India is the only country with a national bulletproof jacket standard. The BIS-certified vests come in a variety of sizes and provide 360-degree protection against bullets fired from assault weapons with traversal speeds of 700 meters per second, such as the AK-47. During the projected period, the Ceramic armor market in Asia-Pacific is expected to be driven by increased demand from both military and law enforcement organizations.
Challenges - Ceramic Armor Market
- Uncertain future due to ceramic armor is facing regulation from government bodies
The coming years will probably witness the crucial years for the ceramic armor industry with the introduction of new regulations and specifications. However, there are several factors which might resist the growth of the ceramic armor market. Firstly, is the high production cost of the ceramic armor. Secondly, is the stringent laws and regulation against the manufacturing of the ceramic armor as they are mostly made from the materials. However, in the coming years, strict regulations associated with the use of ceramic armor are likely to obstruct the global market. A player will have constantly to adapt to the market by reducing the complexity of supply chain, allowing for cost-effective blending through superior base stock design and performance and ensure an affordable, reliable supply.
Ceramic Armor Market Industry Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Ceramic Armor Market. Ceramic Armor Market top 10 players are Avon Protection (Ceradyne Inc.,), Ceramtec, Coorstek Inc., Koninklijke Ten Cate BV, Kdh Defense Systems Inc., II-VI Incorporated, Mehler Engineered Products Gmbh, Safariland LLC, Saint Gobain S.A. and Sarkar Tactical Inc.,.
February 2021: Coorstek, announced the expansion of its manufacturing footprint in Southeast Asia. The US based company is beginning construction on the first phase of a 400,000 sq ft, engineered ceramics manufacturing facility in the province of Rayong, Thailand with construction to begin in February 2021.