Ceramic Armor Market Size Worth $3.04 Billion By 2025 | CAGR: 7.2%
Ceramic Armor Industry Overview The global ceramic armor market size is estimated to reach USD 3.04 billion by 2025, according to a new report by Grand View Research, Inc., presenting a 7.2% CAGR during the forecast period. The market is driven by increasing unrest among countries, cross-border disputes, and terrorist activities, which creates the need for advanced protection systems for soldiers as well as combat vehicles. Advancements in material technologies and manufacturing techniques are driving adoption of ceramic as armor materials. Ceramic Armor Market Segmentation Grand View Research has segmented the global ceramic armor market based on material, application, platform, and region: Based on the Material Insights, the market is segmented into Alumina, SiC, Ceramic Metal Composite, Boron Carbide, Others. In 2016, alumina dominated the market in terms of revenue as the material is widely used by armor manufacturers. Alumina provides cost - benefit ratio, wh...