Companies covered in military personal protective equipment market are 3M (The U.S.), ArmorSource LLC (The U.S.), BAE Systems (The U.K), DuPont (The U.S.), Eagle Industries (The U.S.), GENTEX CORPORATION (The U.S.), Honeywell International Inc. (The U.S.), KDH Defense Systems, Inc. (The U.S.), MSA Safety Incorporated (The U.S.), Point Blank Enterprises Inc. (The U.S.), Revision Military (The U.S.) and other key players

Pune, India, Jan. 19, 2022 (GLOBE NEWSWIRE) -- The global military personal protective equipment market size is projected to hit USD 32.30 billion by 2028 and exhibit a CAGR of 8.84% during the forecast period. The increasing concerns regarding soldiers’ security and safety in battle operations and the expanding defense forces & defense budgets are expected to bolster the market growth. Fortune Business Insights^TM has presented this information in its report titled “Military Personal Protective Equipment Market, 2021-2028”. The market size stood at USD 17.08 billion in 2020 and its value in 2021 was USD 17.85 billion.

Additionally, the rising demand for lightweight military PPE for battle operations is projected to stimulate market growth during the forecast period. For instance, Teijin recently unveiled Twaron Ultra Micro 550f1000 yarns developed for fragment-resistant vests. The filaments amplify the ballistic fabric’s stopping power.

Pandemic to Cause Negative Effect on the Industry due to Huge Budgetary Cuts
The coronavirus pandemic has caused unparalleled damage to the defense industry. The disruptions in global supply chain networks, delayed deliveries, and temporary production halts have negatively impacted the market growth. The defense cuts by several countries, including India, Thailand, and South Korea, have affected the market growth. However, the Stockholm International Peace Research Institute’s report mentions that the global military expenditure increased by 2.6% in 2020 over 2019.

Get a Sample PDF Brochure on Military PPE Market Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/military-personal-protective-equipment-ppe-market-103131

List of Key Players in this Market:

• 3M (U.S.)

• ArmorSource LLC (U.S.)

• BAE Systems (U.K.)

• Eagle Industries (U.S.)

• Gentex Corporation (U.S.)

• Honeywell International Inc. (U.S.)

• Armor Express (U.S.)

• Point Blank Enterprises Inc. (U.S.)

• Revision Military (U.S.)

Drivers & Restraints-

Rising Defense Budgets to Fuel Market Growth

The globally growing terrorism, political unrest, and escalating cross-border issues, particularly in the Asian countries, induce expansion of law enforcement, military forces, and homeland security. Therefore, governments of several nations are increasing their defense expenditures to procure advanced military protective equipment, which is anticipated to bolster the global military personal protective equipment market growth. SIPRI reported that the global military expenditures hit USD 1981 billion in 2020, and the U.K., the U.S., India, China, and Russia accounted for almost 62% of the total expenditure.
Moreover, the globally growing terrorism, political unrest, and escalating cross-border issues have escalated soldiers’ security and safety concerns. These growing concerns regarding soldiers’ security and safety in battle operations are projected to favor market growth.
Lastly, the rising demand for lightweight military personal protective equipment for battle operations is likely to complement the market growth in the coming years.
However, the malfunction issues with these types of equipment and high developments costs may hinder the market growth.

Segmentation-

By Product Type

• Protection Systems

• Tactical Vests

• Body Armor

• Protective Eyewear

• Life Safety Jacket

• Advanced Combat Helmets

By Application

• Navy

• Air Force

• Army

By Geographically

• Asia Pacific

• Europe

• North America

• Rest Of The World

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/military-personal-protective-equipment-ppe-market-103131

Regional Insights-

Technological Advancements to Bolster Growth in North America

North America is projected to attain the largest global military personal protective equipment market share. The procurement of protective eyewear, modern body armors, and technological advancements in military PPE is anticipated to foster market growth. Moreover, the major market players, including 3M, Honeywell International Inc., KDH Defense Systems Inc., and Eagle Industries, among others present in the region, are expected to positively influence market growth.

Asia Pacific is anticipated to attain tremendous growth due to the growing terrorism, political unrest, and escalating cross-border conflicts. The high defense expenditure by South Korea, India, and China is likely to complement the market growth.

Europe is predicted to witness substantial growth due to countries' expanding defense spending, including Russia, Germany, the U.K., and others.
The Rest of the World is expected to exhibit moderate growth during the forecast period. The rising defense budgets are expected to aid market growth.

Report Coverage-

• Features a detailed market assessment.

• Emphasizes key factors, such as leading companies, applications, and others.

• Provides crucial insights into the market’s regulatory scenarios.

• Assesses the COVID-19 pandemic’s impact on the market.

• Suggests strategies to capture growth in the forthcoming years.

Competitive Landscape-

Key Players to Adopt Ingenious Growth Strategies

The key players operating in the market emphasize integrating advanced technologies such artificial intelligence, biometrics, wireless sensors, and others to launch next-generation solutions. They adopt various growth strategies, including partnerships, contracts, mergers, acquisitions, new product launches, technological developments, and others. For instance, in April 2021, the U.S. Army signed a contract with Microsoft for supplying futuristic goggles. The contract worth USD 22 billion will facilitate the U.S. Army with goggles with the Integrated Visual Augmentation System. This will allow military troops to see through smoke, around corners, and in the dark.

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/military-personal-protective-equipment-ppe-market-103131

Detailed Table of Content:

• Introduction

  • Research Scope

  • Market Segmentation

  • Research Methodology

  • Definitions and Assumptions

• Executive Summary

• Market Dynamics

  • Market Drivers

  • Market Restraints

  • Market Opportunities

• Key Insights

  • Key Industry Developments –Mergers, Acquisitions and Partnerships

  • Latest technological Advancements

  • Porters Five Forces Analysis

  • Supply Chain Analysis

• Quantitative Insights- Impact of COVID-19 Pandemic on Global Military PPE Market

• • Impact of COVID-19 on Global Military PPE Market

  • Steps Taken by Industry/Companies/Governments to Overcome the Impact

  • Potential Opportunities Due to COVID-19 Outbreak

TOC Continued…!

Key Industry Developments-

• June 2021: The U.S. Army signed a contract with Elbit Systems worth USD 29 million to supply night vision goggles. The company will upgrade the National Guard rotary-wing and the U.S. Army active-duty aviation units’ AN/AVS-6 Aviator’s Night Vision Imaging Systems.

Speak to Our Expert:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/military-personal-protective-equipment-ppe-market-103131

Have a Look at Related Research Insights:

Bulletproof Vest Market Size, Share and Covid-19 Impact Analysis by Material (Kevlar, Ultra-High-Molecular-Weight Polyethylene (UHMWPE), and Graphene) By Type (Level IIA, Level II, Level IIIA, Level III, and Level IV) By Product (Flexible Ballistic, Hard Armor Plate) By End User (Military, Law Enforcement, and Civil) and Regional Forecast, 2020-2027

Explosive Trace Detection Market Size, Share & COVID-19 Impact Analysis, By Product (Handheld, Portable/ Movable, and Fixed Point/ Standalone), By Technology (Colorimetric, Ion Mobility Spectrometry, Thermo Redox, Chemiluminescence, and Amplifying Fluorescent Polymer), By End Use (Commercial, Defense, Public Safety & Law Enforcement, and Others), and Regional Forecast, 2021-2028

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Fortune Business Insights™

Linkedin | Twitter | Blogs