Global Military Personal Protective Equipment Market is Estimated to Reach $25 Billion by 2024, Says Accurize Market Research


Posted July 31, 2019 by jayashripatil

"Global military personal protective equipment market report published by Accurize Market Research forecast that the global market is expected to reach $25 billion by 2024".
 
Global military personal protective equipment market report published by Accurize Market Research forecast that the global market is expected to reach $25 billion by 2024; growing at a CAGR of 6.4% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Increasing awareness about the safety and security of military personals to drive the growth of the market.

Increasing awareness about safety and security of military personals along with initiative by the government in the procurement of personal protective wears fuels the demand for the global military personal protective equipment market. Moreover, high battles at borders among various countries and increasing the threat of terrorism also boost the growth of the market.

Market Segmentation

The global military personal protective equipment market has been bifurcated on the basis of product, application, and geography. By product type, it is further segmented into advanced combat helmet (ACH), pelvic protection systems (PPS), life safety jacket, body armor (BA), improved outer tactical vest (IOTV), military combat eye protection (MCEP) and others. Furthermore, applications are segmented into the army, air force, navy, and others.

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By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico covered under North America wherein Europe covers the U.K., Germany, Italy, France, and others. Asia-Pacific covers India, China, Japan, and others. The rest of the World (RoW) covers South America, the Middle East, and Africa.

“Body armor and advanced combat helmet accounted for the largest market share in the product type segment", says Accurize.

By product type segment, body armor (BA) and advanced combat helmet accounted for maximum share in 2017. The Asia Pacific is the fastest-growing region in the worldwide military personal protective equipment market and is expected to continue this trend due to battles among countries such as India and Pakistan and growing terrorist activities.
“North America dominated the global market with the highest market share over the forecast period", says Accurize.

In 2017, North America accounted for the highest revenue in the global military personal protective equipment market share. Also, Asia-Pacific is likely to attain the fastest CAGR during the forecast period.

Top players in the market
The key market players include Lindstrom Group, Uvex Safety Group, DuPont, Eagle Industries Unlimited Inc., Cigweld Pty Ltd., Gateway Safety, Inc., BAE Systems, 3M Ceradyne, Honeywell Advanced Fibres and Composites, and Revision Military Inc. among others.
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Issued By jpatil
Country India
Categories Aerospace , Defense
Tags forecast , military personal protective equipment market , report , share , size
Last Updated July 31, 2019