Military Personal Protective Equipment Market 2019 World Analysis and Forecast to 2023


Posted January 8, 2019 by monicanerkar31

Market Research Future added New Report Named "Global Military Personal Protective Equipment Market Research Report- Forecast 2023" to its Database

 
Military Personal Protective Equipment Market Research Report: Information by Product Type (Life Safety Jacket, Helmet, Protective Eyewear, Body Armor, Pelvic Protection System, Tactical Vest, Others), by Application (Combat, Training, Emergency Preparedness), by Platform (Airborne, Naval, Ground-based), and by Region To Forecast till 2023

Market Scenario

The demand for military personal protective equipment (PPE) has increased in military applications as they provide protection and functionality that enhance the performance of armed forces. These systems help improve the overall ballistic protection along with the capabilities of the troops.

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The nature of warfare has changed significantly over the past decade. An imperative need has emerged to provide combatants with adequate and advanced support as well as control any collateral damage at the same time. With the increase in peacekeeping and anti-extremist missions, globally, there has been a simultaneous surge in the development of personal protective equipment in various countries. With the changing nature of warfare, most of the countries, across the globe, have developed or are developing such systems for their armed forces. Notwithstanding the innovations and developments attached with these military wearables, their basic functionality includes the provision of added strength, efficiency, and combat capabilities to the troops.

In recent years, there has been an increase in the number of armed conflicts, which has resulted in the growth in demand for the personal protective equipment for the soldiers. Moreover, with the rising terror threats in Asia and the Middle East along with the growing chemical, biological, radiological, and nuclear (CBRN) threats, the production of personal protective equipment has increased significantly, over the years.

The global military personal protective equipment market has been segmented by product type, application, platform, and region. Based on product type, the military personal protective equipment market is divided into life safety jacket, helmet, protective eyewear, body armor, pelvic protection system, tactical vest, and others. In 2017, the body armor product type segment accounted for the largest market share and it is expected that the protective eyewear product type segment would witness the fastest market growth, during the forecast period. Based on application, the military personal protective equipment market is divided into combat, training, and emergency preparedness. In 2017, the combat application segment accounted for the largest market share and it is expected that the training application segment would witness the fastest market growth, during the forecast period. Based on platform, the military personal protective equipment market is divided into airborne, naval, ground-based. In 2017, the ground-based platform segment accounted for the largest market share and it is expected that the airborne platform segment would register the fastest market growth, during the forecast period.

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The global military personal protective equipment market has also been segmented into five regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America had the largest share in 2017, owing to the large investments by the defense authorities such as the US Department of Defense (DoD) and the Canadian Department of National Defence (DND). North America leads in global military expenditure and technological advancements, and thus generates a very high demand for military personal protective equipment. Although, Canada makes some investments in the development of such advanced equipment, yet the market is primarily dependent on the US. Concurrently, Asia-Pacific is expected to be the fastest-growing market for military personal protective equipment, during the forecast period, as the countries such as China, Japan, India, and South Korea, the four major technological hubs of the APAC region, have increased their military expenses significantly, and have engaged in the development and production of the advanced military personal protective equipment, which are deployed on the battlefield. Therefore, the global military personal protective equipment market is estimated to register a CAGR of approximately 20% during the forecast period of 2018 to 2023.

Key Players:

The key players in the global military personal protective equipment market are 3M Ceradyne (US), ArmorWorks (US), Eagle Industries Unlimited Inc. (US), BAE Systems (UK), Armorsource (US), DuPont (US), Honeywell Advanced Fibres and Composites (US), Revision Military Inc. (US), Gentex Corporation (US), Lindstrom Group (Finland), and Cigweld Pty Ltd (US).

Scope of Report

The report on global military personal protective equipment market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report offers a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value, and the technological, macroeconomic, and governing factors of the market. The report also provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

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Last Updated January 8, 2019