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Published Date: 2017-02-15Number of Pages: 126

Military Personal Protective Equipment Market (Product - Body Armor (IBA), Improved Outer Tactical Vest (IOTV), Advanced Combat Helmet (ACH), Pelvic Protection Systems (PPS), Life Safety Jacket, and Military Combat Eye Protection (MCEP); Application - Army, Air Force, and Navy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Military Personal Protective Equipment Market: Overview

Military personal protective equipment is an important part of military gear that is used for protecting troops. It includes protective body armor, garment ensembles, footwear covers, gloves, and helmets among others items.  Military personal protective equipment is specifically designed to protect military personnel from chemical and biological hazards during a combat situation. The research report states that the global military personal protective equipment market was valued at US$11.23 bn in 2015 and is expected to reach US$19.09 bn by the end of 2024. The overall market is projected to progress at a CAGR of 6.1% between 2016 and 2024.

The volatile situation in Libya, Iraq, Serbia and Afghanistan that have led to wars in recent past have augmented the demand for military personal protective equipment. Furthermore, the recent nuclear production being carried out by Iran has heightened military tensions between Israel, the U.S., and Iran. The major factor driving the military personal protective equipment market is the increase in demand of advanced equipment in the various military forces.

military personal protective equipment market

 

Military Modernization Programs to Offer Lucrative Opportunities to Global Market

The increasing procurement of military personal protective equipment by the government from several companies is also projected to play a key role in the growth of the global market. Moreover, spending from government agencies in Eastern and Central Europe is expected to rise sharply, which, in turn, will boost the military personal protective equipment market during the forecast period. However, one of the major hindrances for the global market is the decrease in defense expenditure by developed economies. However, soldier modernization programs are expected to offer lucrative opportunities to the global market.

Based on the various product types, the market is segmented into body armor (BA), improved outer tactical vest (IOTV), advanced combat helmet (ACH), pelvic protection systems (PPS), life safety jacket, military combat eye protection (MCEP) and others. Among various product types body armor (BA) held the largest market share in 2015 and is expected to remain the same during the forecast period of 2016 – 2024. Pelvic protection systems (PPS) is expected to grow at the highest CAGR during the forecast period as well. These systems provide protection for the dismounted soldiers, which is a pressing need as they work in dangerous environments with improvised explosive devices (IEDs) and buried mines.

North America to Remain Dominant as Region Focuses on Countering Internal Security Threats

Based on the geography, market is divided into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among all the regions, in terms of revenue, North America held the major market share, accounting for 28.8% in 2015, followed by Europe. The demand for military personal protective equipment is anticipated to be motivated by modernization initiatives started by various large defense financiers in the U.S. and internal security threats such organized crime and terrorism. In addition, the factors driving the Asia Pacific market will also show phenomenal rise in the coming years as tensions between India, Pakistan, and China continue to grow.

The key players profiled in this report include 3M Ceradyne, ArmorWorks, Eagle Industries Unlimited Inc., BAE Systems, DSM Dyneema, Armorsource, Du Pont, Honeywell Advanced Fibres and Composites, Revision Military Inc., and Gentex Corporatio Corporation among others.

Global Military Personal Protective Equipment Market: Overview

Military personal protective equipment has become a crucial and standard element of soldier equipment. One of the major factor driving the market is the increasing role of ground troops in different parts of the world such as Iraq, Afghanistan and India among others. The demand for military personal protective equipment is anticipated to be driven by modernization initiatives undertaken by several large defense spenders globally and various internal security threats, such as organized crime and terrorism among others.

Global Military Personal Protective Equipment Market: Drivers and Trends

One of the major factor driving the market is the increasing role of ground troops in different parts of the world such as Afghanistan, Iran and Iraq among others. As of 2014, there were 8 active military conflicts and 10 official wars known by the United States. In addition, there were also other violent clashes relating 64 countries and 576 separatist and militias groups. In 2016, in wars between Syria and Iraq, Afghanistan, South Sudan, the Lake Chad basin and Yemen helps the military personal protective equipment market to grow at a high CAGR which in turn is expected to boost the market.

Body armor (IBA), improved outer tactical vest (IOTV), advanced combat helmet (ACH), pelvic protection systems (PPS), life safety jacket, military combat eye protection (MCEP) and others sectors are the various product types of the military personal protective equipment market. Among various product types of the military personal protective equipment market body armor (BA) is the held the major market share in 2015 and expected to be the same during the forecast period of 2016 – 2024.

Global Military Personal Protective Equipment Market: Segmentation

The military personal protective equipment market has been segmented on the basis of application into army, air force, navy and others. Among various application of the military personal protective equipment market army held major market share in 2015 followed by navy and is expected to be remain the same during the forecast period of 2016 – 2024. Several countries are focusing on manufacturing better military personal protective equipment such as lightweight under suits, ballistic inserts, combat helmets and advanced night vision equipment that provide the benefits of enhanced protection and comfort to ground, navy and air forces. In 2015, the market is expected to be dominated by North America followed by Europe and Asia Pacific. In addition, Asia Pacific occupies more than 20% of the global market share, is driven by developing economies such as India, South Korea, Japan and China among others which are performing soldier modernization programs.

Global Military Personal Protective Equipment Market: Regional Outlook

By geography, the military personal protective equipment market is classified into five regions namely North America, Europe, Asia-Pacific, Middle East and Africa and Latin America. In 2015, North America holds the largest market share in the military personal protective equipment followed by Europe, Asia Pacific, Latin America and Middle East & Africa. However, in 2024 Asia Pacific is anticipated to be the largest market for military personal protective equipment market followed by North America. China held the largest share for the military personal protective equipment market in Asia Pacific in 2015. It is also expected to experience healthy growth in the coming years. Growing research and development activities started by different research organizations acts as a driving factor of the market. In addition, growing concerns over the safety and protection of the forces is expected to propel the growth of the market.

Key Players Mentioned in this Report are:

Key players profiled in this report include 3M Ceradyne (United States), ArmorWorks (United States), Eagle Industries Unlimited Inc (United States), BAE Systems (United Kingdom), DSM Dyneema (United States),Armorsource (United States), Du Pont (United States), Honeywell Advanced Fibres and Composites (United States), Revision Military Inc. (United States) and GentexCorporatio Corporation (United States) among others.

The segments covered in the Military Personal Protective Equipment market are as follows:

Global Military Personal Protective Equipment Market: By Product Type

  • Body Armor (IBA)
  • Improved Outer Tactical Vest (IOTV)
  • Advanced Combat Helmet (ACH)
  • Pelvic Protection Systems (PPS)
  • Life Safety Jackets
  • Military Combat Eye Protection (MCEP)
  • Others

Global Military Personal Protective Equipment Market: By Application

  • Army
  • Air Force
  • Navy
  • Others

Global Military Personal Protective Equipment Market: By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Rest of Middle East and Africa


 
 
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