Global Military Personal Protective Equipment Market size is expected to reach $24.5 Billion by 2024 from $14.8 Billion in 2016, growing at a CAGR of 6.5% from 2016 to 2024. By geography, Asia Pacific and Rest of the World (RoW) are expected to grow at a CAGR of 7.7% and 6.6%, respectively, during the forecast period.
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Increasing threat of terrorism will uplift the military personal protective equipment market industry
Key military personal protective equipment market trends are increasing awareness about safety and security of military personals along with initiative by government in procurement of personal protective wears. Moreover, high conflicts at borders among various countries and increasing threat of terrorism are also expected to boost the growth of the market.
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Market Segmentations
The military personal protective equipment market has been segmented into product, application and geography. Product segment comprises body armor (BA), advanced combat helmet (ACH), pelvic protection systems (PPS), improved outer tactical vest (IOTV), life safety jacket, military combat eye protection (MCEP) and other products. Furthermore, applications are segmented into army, air force, navy and other applications. By product type, body armor (BA) and advanced combat helmet accounted for highest share in 2016.
Asia-Pacific dominated the global market with fastest CAGR
Asia Pacific is anticipated to grow at a fastest CAGR from 201 6 to 2024, due to conflicts among countries such as India and Pakistan and increasing terrorist activities. North America accounted the largest share of the market followed by Europe with 2016. North America comprise U.S., Canada, and Mexico.
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Competitive Landscape
The key market players include 3M Ceradyne, BAE Systems, Honeywell Advanced Fibres and Composites, Cigweld Pty Ltd., Lindstrom Group, Gateway Safety, Inc., Uvex Safety Group, DuPont, Eagle Industries Unlimited Inc., and Revision Military Inc., among others.
Scope of Military Personal Protective Equipment Market
Product Segments
• Advanced Combat Helmet (ACH)
• Pelvic Protection Systems (PPS)
• Life Safety Jacket
• Body Armor (BA)
• Improved Outer Tactical Vest (IOTV)
• Military Combat Eye Protection (MCEP)
• Others
Application Segments
• Army
• Air Force
• Navy
• Others
Geography Segments
• North America
o US
o Canada
o Mexico
• Europe
o U.K.
o Germany
o Italy
o France
o Others
• Asia-Pacific
o India
o China
o Japan
o Others
• RoW
o South America
o Middle East
o Africa
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