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 high growth of ceramic armor can be attributed to substantial demand from military and defense applications. Increased threats from asymmetric warfare, regional conflicts, riots, and terrorism are increasing the need for protective clothing and safe vehicles for safeguarding armed forces, especially, in disputed regions across the globe. Therefore, military superpowers are continuously focusing on technological advancement and expansion of ballistic products by increasing their defense budget and investing in the production and R&D of ceramic armors. These factors are driving the growth of the global ceramic armor market.
The ceramic armor market, by application, is segmented into body armor, aircraft armor, marine armor, vehicle armor, and others. Aircraft armor segment is projected to register the highest CAGR, in terms of value and volume, during the forecast period. Body armor is the largest application segment of the ceramic armor market, followed by the vehicle armor application, in terms of volume. The increase in geopolitical tensions in emerging economies is driving the demand for ceramic armor market.
Further, ceramic armor are classified based on material into alumina, boron carbide, silicon carbide, ceramic matrix composite, and others. Silicon Carbide accounted for the highest share in terms of volume and value both, of the overall market in 2021. Alumina is the second-most widely used ceramic armor material globally. Alumina is highly useful for preventing injuries during blasts and bullet firing. it gives the best cost-benefit among all ceramic armor material types. Alumina excels in providing modulus of elasticity, refractoriness, and hardness.
North America is the largest ceramic armor market due to the rising demand for ballistic protection products from military and law-enforcement sectors and heavy spending on research and military progras. The presence of a large number of ceramic armor manufacturers makes the region the most promising market for ceramic armor. These factors are expected to continue to drive the ceramic armor market in North America between 2022 and 2027.
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