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Military Personal Protective Equipment Market to Reach $32.30 Billion by 2028; Increasing Defense Budgets & Defense Forces to Propel Market Growth

January 18, 2022 | Aerospace & Defense

The global military personal protective equipment market size is anticipated to exhibit immense growth by hitting USD 32.30 billion by 2028. Fortune Business InsightsTM in its report titled “Military Personal Protective Equipment (PPE) Market Size, Share and COVID-19 Impact Analysis, by Product Type (Advanced Combat Helmet, Protective Eyewear, Life Safety Jacket, Tactical Vest, Body Armor, and Pelvic Protection System), By Application (Air force, Army, and Navy), and Regional Forecast, 2021-2028”, observes that the market size stood at USD 17.08 billion in 2020 and is expected to exhibit a CAGR of 8.84% between 2021 and 2028. The increasing concerns regarding soldiers’ security and safety in battle operations and the expanding defense forces & defense budgets are expected to bolster the market growth.


U.S. Army’s Contract with Elbit Systems for Night Vision Goggles to Incite Development


In June 2021, the U.S. Army signed a contract with Elbit Systems worth USD 29 million to supply night vision goggles. The company will upgrade the National Guard rotary-wing and the U.S. Army active-duty aviation units’ AN/AVS-6 Aviator’s Night Vision Imaging Systems. Elbit Systems is a world-class high technology company that is engaged in commercial, homeland security, and defense programs. The company focuses on upgrading existing platforms and developing new technologies for commercial, homeland security, and defense programs.


Rising Defense Budgets to Fuel Market Growth


The globally growing terrorism, political unrest, and escalating cross-border issues, particularly in the Asian countries, induce expansion of law enforcement, military forces, and homeland security. Therefore, governments of several nations are increasing their defense expenditures to procure advanced military protective equipment, which is anticipated to bolster the global military personal protective equipment market growth. SIPRI reported that the global military expenditures hit USD 1981 billion in 2020, and the U.K., the U.S., India, China, and Russia accounted for almost 62% of the total expenditure.


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


Key Players to Adopt Ingenious Growth Strategies


The key players operating in the market emphasize integrating advanced technologies such artificial intelligence, biometrics, wireless sensors, and others to launch next-generation military personal protective equipment. They adopt various growth strategies, including partnerships, contracts, mergers, acquisitions, new product launches, technological developments, and others. For instance, in April 2021, the U.S. Army signed a contract with Microsoft for supplying futuristic goggles. The contract worth USD 22 billion will facilitate the U.S. Army with goggles with the Integrated Visual Augmentation System. This will allow military troops to see through smoke, around corners, and in the dark.


Industry Developments-



  • June 2021: The U.S. Army signed a contract with Elbit Systems worth USD 29 million to supply night vision goggles. The company will upgrade the National Guard rotary-wing and the U.S. Army active-duty aviation units’ AN/AVS-6 Aviator’s Night Vision Imaging Systems.


List of Key Players in this Market:



  • 3M (U.S.)

  • ArmorSource LLC (U.S.)

  • BAE Systems (U.K.)

  • Eagle Industries (U.S.)

  • Gentex Corporation (U.S.)

  • Honeywell International Inc. (U.S.)

  • Armor Express (U.S.)

  • Point Blank Enterprises Inc. (U.S.)

  • Revision Military (U.S.)


Further Report Findings-



  • The market size in North America stood at USD 5.03 billion in 2020 and is projected to attain the largest global military personal protective equipment market share. The procurement of protective eyewear, modern body armors, and technological advancements in military PPE is anticipated to foster market growth. Moreover, the major market players, including 3M, Honeywell International Inc., KDH Defense Systems Inc., and Eagle Industries, among others present in the region, are expected to positively influence market growth.

  • According to the segmentation based on application, the army segment is anticipated to attain the highest market share in the coming years. The rising military modernization initiatives, defense budgets and expenditures, and expanding military forces are expected to foster the segment’s growth.


Report Scope & Segmentation
















































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Estimated Year



 2021



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD billion)



Segmentation



Product Type, Application, and Geography



By Product Type



  • Advanced Combat Helmet

  • Life Safety Jacket

  • Protective Eyewear

  • Body Armor

  • Tactical Vests

  • Pelvic Protection System



By Application



  • Army

  • Air Force

  • Navy



By Geography


 




  • North America (By Product Type, Application, and Country)

    • U.S. (By Application)

    • Canada (By Application)



  • Europe (By Product Type, Application, and Country)

    • U.K. (By Application)

    • Germany (By Application)

    • France (By Application)

    • Russia (By Application)

    • Rest of Europe (By Application)



  • Asia Pacific (By Product Type, Application, and Country)

    • Japan (By Application)

    • China (By Application)

    • India (By Application)

    • South Korea (By Application)

    • Rest of Asia Pacific (By Application)



  • Rest of the World (By Product Type, Application, and Sub-Region)

    • Latin America (By Application)

    • The Middle East and Africa (By Application)




Military Personal Protective Equipment (PPE) Market
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