Military Personal Protective Equipment | Continuously Ongoing Warfare Situations Likely to Maintain Growth 2018
Press
Release - 20 Mar 2018
Global
Research and Development News
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Report
Description-
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Military personal protective equipment has become
a crucial and standard element of soldier equipment. One of the major
factor driving the market is the increasing role of ground troops in
different parts of the world such as Iraq, Afghanistan and India
among others. The demand for military personal protective equipment
is anticipated to be driven by modernization initiatives undertaken
by several large defense spenders globally and various internal
security threats, such as organized crime and terrorism among others.
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One of the major factor driving the market is the
increasing role of ground troops in different parts of the world such
as Afghanistan, Iran and Iraq among others. As of 2014, there were 8
active military conflicts and 10 official wars known by the United
States. In addition, there were also other violent clashes relating
64 countries and 576 separatist and militias groups. In 2016, in wars
between Syria and Iraq, Afghanistan, South Sudan, the Lake Chad basin
and Yemen helps the military personal protective equipment market to
grow at a high CAGR which in turn is expected to boost the market.
Body armor (IBA), improved outer tactical vest
(IOTV), advanced combat helmet (ACH), pelvic protection systems
(PPS), life safety jacket, military combat eye protection (MCEP) and
others sectors are the various product types of the military personal
protective equipment market. Among various product types of the
military personal protective equipment market body armor (BA) is the
held the major market share in 2015 and expected to be the same
during the forecast period of 2016 – 2024.
The military personal protective equipment market
has been segmented on the basis of application into army, air force,
navy and others. Among various application of the military personal
protective equipment market army held major market share in 2015
followed by navy and is expected to be remain the same during the
forecast period of 2016 – 2024.
Several countries are focusing on manufacturing
better military personal protective equipment such as lightweight
under suits, ballistic inserts, combat helmets and advanced night
vision equipment that provide the benefits of enhanced protection and
comfort to ground, navy and air forces. In 2015, the market is
expected to be dominated by North America followed by Europe and Asia
Pacific. In addition, Asia Pacific occupies more than 20% of the
global market share, is driven by developing economies such as India,
South Korea, Japan and China among others which are performing
soldier modernization programs.
By geography, the military personal protective
equipment market is classified into five regions namely North
America, Europe, Asia-Pacific, Middle East and Africa and Latin
America. In 2015, North America holds the largest market share in the
military personal protective equipment followed by Europe, Asia
Pacific, Latin America and Middle East & Africa. However, in 2024
Asia Pacific is anticipated to be the largest market for military
personal protective equipment market followed by North America.
China held the largest share for the military
personal protective equipment market in Asia Pacific in 2015. It is
also expected to experience healthy growth in the coming years.
Growing research and development activities started by different
research organizations acts as a driving factor of the market. In
addition, growing concerns over the safety and protection of the
forces is expected to propel the growth of the market.
Key players profiled in this report include 3M
Ceradyne (United States), ArmorWorks (United States), Eagle
Industries Unlimited Inc (United States), BAE Systems (United
Kingdom), DSM Dyneema (United States),Armorsource (United States), Du
Pont (United States), Honeywell Advanced Fibres and Composites
(United States), Revision Military Inc. (United States) and
GentexCorporatio Corporation (United States) among others.
The segments covered in the Military
Personal Protective Equipment market are as follows:
- Body Armor (IBA)
- Improved Outer Tactical Vest (IOTV)
- Advanced Combat Helmet (ACH)
- Pelvic Protection Systems (PPS)
- Life Safety Jackets
- Military Combat Eye Protection (MCEP)
- Others
- Army
- Air Force
- Navy
- Others
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
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Clear Details get Table of Contents
https://www.researchmoz.us/military-personal-protective-equipment-market-global-industry-analysis-size-share-growth-trends-and-forecast-2016-2024-report.html/toc
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