CERAMIC ARMOR MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Ceramic Armor Market, By Material (Alumina, Boron Carbide, Silicone Carbide, Others), By Application (Body Armor, Aircraft Armor, Marine Armor, Others), By End User (Defense, Homeland Security, Civilians), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024
Code : CMI6764
Pages :165
Formats :
Excel and PDF
Industry : Advanced Materials

Market Challenges: High Production Cost

The global ceramic armor market faces several challenges. Ceramic materials used for armors are still quite heavy, limiting soldier mobility flexibility on the battlefield. Production costs remain higher than alternative armor materials like metals. Innovation in ceramic formulations to improve ballistic protection capabilities while reducing weight and expenses is an ongoing challenge. Environmental regulations have made some raw materials more expensive. Dependence on a small number of suppliers for critical materials can threaten supply security.

Market Opportunities: Ongoing Conflicts and Rising Defense Budgets

However, the market also presents various opportunities. Ongoing conflicts and rising defense budgets are driving the demand for superior body armor. For instance, according to data published by the Press Information Bureau (PIB), the nodal agency of the government of India, on February 1, 2023, the Ministry of Defense was allocated a total budget of USD 71.50 Bn, which was 13.18 % of the total budget. Lightweight ceramics with multi-hit capabilities could see wider adoption. Integration of ceramics into vehicle armor and new application areas like maritime security expands the addressable market. Advances in engineering and additive manufacturing may enable cost reductions. Deeper collaboration with materials suppliers ensures reliable raw material access.