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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.”
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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:
A Significant Industry Development-
Further Report Findings-
The global market can be segmented in the following way:
Value (USD Billion)
By Product Type