Showing posts with label Military Personal Protective Equipment Market. Show all posts
Showing posts with label Military Personal Protective Equipment Market. Show all posts

Military Personal Protective Equipment Market Size, Challenges Analysis, Porter’s Five Forces Study and Forecast

Military Personal Protective Equipment Industry Overview

The global military personal protective equipment market size is anticipated to reach USD 23.55 billion by 2028, registering a CAGR of 7.8% over the forecast period, according to a new report by Grand View Research, Inc. Focus of military agencies on increasing the safety & security of their soldiers and rapid technological advancement is expected to drive the demand for military PPE. Countries spending heavily on the military include the U.S., India, China, Russia, and the U.K., which together accounted for around 62% of the global military expenditure.

U.S. military personal protective equipment market size, by product, 2018 - 2028 (USD Billion)

Thus, improved spending on military upgradation by various governments coupled with the increasing number of recruits in the armed forces is expected to boost the product demand over the forecast period. Military PPE has evolved into a critical component of soldier safety, as it is used to protect soldiers from severe injuries caused by contact with physical, chemical, radiological, electrical, mechanical, or bio-hazardous materials.

Military Personal Protective Equipment Market Segmentation

Grand View Research has segmented the global Military Personal Protective Equipment market on the basis of product type, end-use, and region:

Based on the Product Type Insights, the market is segmented into Body Armor, Tactical Vest, Eye Protection, Combat Helmet, Life Safety Jacket, Pelvic Protection, Respiratory Protection, and Others

  • The body armor product segment accounted for the largest share of 19.8% of the global market in 2020 as a result of the increased demand for ballistic protection equipment that offers protection in various hostile environments.
  • The demand for PPE for eyes is estimated to witness growth at a CAGR of 7.5% over the forecast period. Eyewear offers protection to soldiers from potential injuries during training and combat.
  • A combat helmet is an essential piece, which is used to improve the impact and ballistic protection of soldiers. The segment is expected to be driven by the rising demand for lightweight helmets that reduce fatigue and tactical helmets.
  • The respiratory protection segment is estimated to register the fastest CAGR due to the high demand for RPE, which is attributed to the increasing threat of chemical, biological, and radiological warfare across the globe.

Based on the End-use Insights, the market is segmented into Army, Navy, and Air Force

  • The army end-use segment led the market and accounted for 54.9% of the global revenue share in 2020.
  • Rising demand for lightweight and improved PPE by defense personals in both hostile and non-hostile circumstances is expected to drive the segment.
  • The navy end-use segment is estimated to register the second-fastest CAGR over the forecast period.
  • The air force segment is likely to have a significant growth at a CAGR of 7.4% over the forecast period.

Military Personal Protective Equipment Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Key Companies Profile & Market Share Insights

The market is highly competitive with the presence of both global and regional companies. To meet the increasing demand from end-users, key manufacturers are involved in constant research and development and the implementation of new designs to create products using innovative and high-quality materials. The industry is focusing on activities that will lead to the development of new technologies, such as the use of nanotechnology materials to create flexible and lightweight armors, which is one of the trends that will help in market expansion.

Some prominent players in the global Military Personal Protective Equipment market include:

  • 3M
  • Honeywell International
  • ArmorWorks
  • Eagle Industries
  • BAE Systems
  • DuPont
  • DSM
  • Armorsource
  • MSA Safety
  • Revision Military
  • Gentex Corp.
  • Ansell
  • MKU Ltd.
  • Avon Protection Systems, Inc.
  • Ballistic Body Armor Pty

Order a free sample PDF of the Military Personal Protective Equipment Market Intelligence Study, published by Grand View Research.

Growing Demand for Masks and Eyewear Is Expected to Boost Military Personal Protective Equipment Market by 2028

Military Personal Protective Equipment Industry Overview

The global military personal protective equipment market size was valued at USD 13.47 billion in 2020 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.8% from 2019 to 2028. Body armor, eye protection, tactical vests, advanced combat helmets, breathing devices, gloves, and footwear are examples of military PPE worn by soldiers during battle or training. Personal Protective Equipment (PPE) is designed to protect soldiers from biological, chemical, physical, and radioactive threats. The rising focus of defense agencies on troop safety and security, as well as higher military budgets, are expected to fuel market growth over the forecast period. Despite the COVID-19 pandemic, global military spending has increased significantly as compared to 2019. This can be attributed to the growing geopolitical instability, internal conflicts, border disputes, rising terrorism, and increased spending on NATO. Thus, increased military spending is likely to boost the product demand in the coming years.

U.S. military personal protective equipment market size, by product, 2018 - 2028 (USD Billion)

The COVID-19 pandemic has resulted in the increased adoption of Respiratory Protective Equipment (RPE) and PPE for eyes in the military to safeguard soldiers from coming in contact with the virus. RPE includes gas masks, filters, powered air respirators, and self-contained breathing equipment, among others. The growing demand for masks and eyewear is expected to boost market growth over the forecast period.

Gather more insights about the market drivers, restraints, and growth of the Global Military Personal Protective Equipment market

The U.S. is a major market for military PPE. In 2020, the U.S. was the world’s top country that spent around USD 778 billion on the military. The high spending in the U.S. is attributed to strong investments in R&D and modernization of equipment and nuclear arsenals The U.S Armed Forces are the world’s third-largest military force, and the country’s rising defense spending is expected to propel the product demand.

China’s increased military spending is attributed to the country’s economic prosperity and strong presence in the Indian Ocean region to execute its String of Pearls policy. The rising tensions between China and India along the Sino-India disputed border have resulted in a significant rise in military spending in both nations, thereby complementing the market growth.

Browse through Grand View Research's Smart Textiles Industry Research Reports.

Body Armor Market - The global body armor market size was valued at USD 2.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030.

Personal Protective Equipment Market - The global personal protective equipment market size was valued at USD 77.36 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2020 to 2028.

Military Personal Protective Equipment Market Segmentation

Grand View Research has segmented the global military personal protective equipment market on the basis of product, end-use, and region:

Military PPE Product Type Outlook (Revenue, USD Billion, 2017 - 2028)

  • Body Armor
  • Tactical Vest
  • Eye Protection
  • Combat Helmet
  • Life Safety Jacket
  • 4d
  • Pelvic Protection
  • Respiratory Protection
  • Others

Military PPE End-use Outlook (Revenue, USD Billion, 2017 - 2028)

  • Army
  • Navy
  • Air Force

Military PPE Regional Outlook (Revenue, USD Billion, 2017 - 2028)

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Key Companies profiled:

Some prominent players in the global Military Personal Protective Equipment market include

  • 3M
  • Honeywell International
  • ArmorWorks
  • Eagle Industries
  • BAE Systems
  • DuPont
  • DSM
  • Armorsource
  • MSA Safety
  • Revision Military
  • Gentex Corp.
  • Ansell
  • MKU Ltd.
  • Avon Protection Systems, Inc.
  • Ballistic Body Armor Pty

Order a free sample PDF of the Military Personal Protective Equipment Market Intelligence Study, published by Grand View Research.

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