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Military Personal Protective Equipment Market to Exhibit 6.02% CAGR by 2027; Need for Enhanced Safety & Performance to Boost Growth

June 30, 2020 | Aerospace & Defense

The global military personal protective equipment (PPE) market size is projected to reach USD 25.63 billion by 2027. It is expected to gain momentum from the increasing focus of prominent companies on the development of technologically advanced equipment. These would help in providing the soldiers with enhanced safety, reliability, and performance. Fortune Business Insights™ published this information in a new study, titled, Military Personal Protective Equipment (PPE) Market Size, Share and COVID-19 Impact Analysis, By Product Type (Advanced Combat Helmet, Life Safety Jacket, Protective Eyewear, Body Armor, Tactical Vest, and Pelvic Protection System), By Application (Ground, Airborne, and Naval), and Regional Forecast, 2020-2027. The study further mentions that the global market stood at USD 16.61 billion in 2019. However, it is set to exhibit a CAGR of 6.02% during the forecast period between 2020-2027.


Avon Rubber Bags Contract worth USD 333 Million from U.S. Federal Agency


In March 2020, Avon Rubber, a manufacturer of respiratory protection equipment for fire personnel, law enforcement, and military, headquartered in the U.K., announced that it won a new contract from a U.S. federal agency to deliver body armor plates. The contract is worth USD 333 million and has a duration of three-and-a-half-year.


One of the company official’s states, “We will be providing a U.S. federal agency with our Enhanced Small Arms Protective Inserts (ESAPI). This product was purchased by us from Ceradyne previously. The first order will be delivered next year. This will help us to strengthen our position in the market.”


To get a detailed report summary and research scope of this market, click here:


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


Rising Political Conflicts & Terrorist Activities to Aid Growth


Numerous countries across the globe are presently aiming to enhance their defense forces by procuring innovative military PPE kits and weapons, as well as by broadening their troops. In addition to that, the increasing number of terrorist activities and rising political conflicts would result in the expansion of law enforcement, homeland security, and defense forces. All these factors are expected to drive the military personal protective equipment market growth in the coming years. However, the outbreak of the coronavirus infection has brought the production of military PPE kits to a complete standstill. Several new contracts are stagnating as well. It may hamper the market growth.


Key Players Engage in Development of State-of-the-art Products to Surge Sales


The key companies are trying to gain a competitive edge in the market by signing new contracts, acquiring other prominent enterprises, winning new orders, and developing unique military PPE.  They are infusing artificial intelligence (AI), sensors, and biometrics in their products to attract more consumers.


Fortune Business Insights™ presents a list of all the companies operating in the military PPE kits market. They are as follows:



  • 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.)


A Significant Industry Development-



  • June 2019: Point Blank Enterprises, Inc., a developer and manufacturer of high-performance protective solutions for the U.S. military and Department of Defense, bagged a new contract from the United States Marine Corps Systems Command (MARCORSYSCOM). It would enable the company to provide lightweight body armor insert to the agency. It is worth USD 215.9 million. The inserts would help in improving the mobility and survivability of marines.


Further Report Findings-



  • In 2019, North America generated USD 4.89 billion revenue. This growth is attributable to the presence of numerous industry giants in this region. Besides, the increasing investments in research and development activities, as well as the rising number of military upgradation programs would propel growth.

  • Asia Pacific is set to exhibit remarkable growth owing to the increasing terrorist activities and cross-border conflicts. Hence, countries, such as South Korea, Australia, China, and India are striving to strengthen their military forces.

  • Based on application, the airborne segment held 28% in terms of military personal protective equipment market share in 2019 backed by the increasing adoption of military PPE by the ground defense forces.


The global market can be segmented in the following way:










































SEGMENTATION



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



By Product Type




  • Advanced Combat Helmet

  • Life Safety Jacket

  • Protective Eyewear

  • Body Armor

  • Tactical Vests

  • Pelvic Protection System



By Application




  • Ground

  • Airborne

  • Naval



By Region




  • North America (The U.S., and Canada)

  • Europe (The U.K, Germany, France, Russia, and Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific)

  • Rest of the World (the Middle East & Africa, and Latin America)


Military Personal Protective Equipment (PPE) Market
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  • 2019
  • 2016-2018
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