The Military Personal Protective Equipment by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Military Personal Protective Equipment, The military personal protective equipment market size has grown strongly in recent years. It will grow from $18.29 billion in 2023 to $19.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to geopolitical conflicts, growing military modernization programs, threat perception, global military expenditure, legacy equipment obsolescence.
The military personal protective equipment market size is expected to see strong growth in the next few years. It will grow to $27.96 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to emerging threats, global political landscape, increased focus on soldier well-being, cybersecurity concerns, environmental considerations. Major trends in the forecast period include sustainability and eco-friendly solutions, global geopolitical influences, chemical, biological, radiological, and nuclear (cbrn) protection, innovations in ballistic protection, customization and modularity, smart technology integration.
Increasing military expenditure is expected to propel the growth of the military personal protective equipment market going forward. Military expenditure is the amount spent on weapons, weapons systems, operations, maintenance, personnel, and other specific military equipment. Government spending on the military will support the development of various aspects of the military market including military personal protection equipment. For instance, in April 2023, according to a report published by the Stockholm International Peace Research Institute, a Sweden-based international institute, global military spending experienced a 3.7 percent real-term increase in 2022, surging to an all-time high of $2,240 billion. Notably, military expenditure in Europe saw a substantial 13 percent growth over the year. The United States, contributing to 39 percent of the world’s military spending in 2022, and China, accounting for 13 percent, retained their positions as the top two spenders. Following them were Russia at 3.9 percent, India at 3.6 percent, and Saudi Arabia at 3.3 percent, collectively comprising 63 percent of the total global military expenditure for the year. Therefore, increasing military expenditure is driving the military personal protective equipment market.
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The military personal protective equipment market covered in this report is segmented –
1) By Product: Body Armor, Tactical Vest, Eye Protection, Combat Helmet, Life Safety Jacket, Pelvic Protection, Respiratory Protection, Other Products
2) By Usage: Detection Solutions, Fall Protection, Head and Face Protection, Hearing Protection, Protective Apparel, Protective Communications, Protective Eyewear, Respiratory Protection, Welding Safety
3) By Application: Army, Air Force, Navy, Other Appications
Top Major Players:
- 3M Company
- Ansell Limited
- Armor Express LLC
- Avon Rubber
- PLCBAE Systems Inc.
North America was the largest region in the military personal protective equipment market in 2023.
The development of innovative military protective equipment is a key trend gaining popularity in the military personal protective equipment market. Research and development activities are being conducted by major players and research organizations for developing innovative military protective equipment. Such innovations enable key players to gain a competitive edge in the market. For instance, in July 2022, Commonwealth Scientific and Industrial Research Organization (CSIRO), an Australia-based government organization announced to work on the development of advanced respiratory protective equipment for the Australian Defense Force (ADF) with an investment of $8.65 million. This includes technology that uses metal-organic material to provide more advanced and effective protection against radiological and nuclear (CBRN) contaminants through the use of a single respiratory unit. It aims to strengthen defense capability by protecting military personnel from biological, chemical, and radiological contamination on the battlefield.
The military personal protective equipment market report table of contents includes:
1. Executive Summary
2. Military Personal Protective Equipment Market Characteristics
3. Global Military Personal Protective Equipment Market Trends And Strategies
4. Military Personal Protective Equipment Market – Macro Economic Scenario
5. Global Military Personal Protective Equipment Market Size and Growth
…….
26. Global Military Personal Protective Equipment Market Competitive Benchmarking
27. Global Military Personal Protective Equipment Market Competitive Dashboard
28. Key Mergers and Acquisitions In Military Personal Protective Equipment Market
29. Military Personal Protective Equipment Market Future Outlook and Potential Analysis
30. Appendix
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