The global Military Personal Protective Equipment Market size is expected to grow at a CAGR of 11.3% from 2020 to 2027, according to the new report by Grand View Research, Inc. Military personal protective equipment forms a vital of the military gear that is utilized for troop protection. It includes gloves, garment ensembles, protective body armor, footwear covers, and helmets among other items. Military personal protective equipment is particularly designed to provide protect military personnel from biological and chemical hazards during a combat situation.
The market is predominantly driven by factors such as rising awareness about initiative by government initiative in the procurement of personal protective gear, safety of military personals, high border conflicts among different countries and increasing threat of terrorism. Though high costs are incurred for security procedures and the wellbeing are likely to pose a challenge for further expansion, significant strides made in technology, development of light weight body armor, and PPE for female military personals joining the armed forces are anticipated to foster growth opportunities for the market expansion during the forecast period.
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The Covid-19 pandemic has shaken up the economic powerhouses like the U.S. and China. The military personal protective equipment market and the defense industry, in general, have braced itself up as governments are striving to balance between the geopolitical risks and economic stability with an uninterrupted allocation of capital investments.
Further findings from the report suggest:
- Body armor segment dominated the market and held an overall share of 20.7% in 2019. This can be ascribed to the increasing demand for ballistic protection suits and rise in warfare incidences in countries such as China, the U.S., and India
- Army as an end-use segment accounted for a share of 54.9% in 2019. Numerous defense agencies across developed countries such as France, the U.S., and Canada are supporting market expansion
- 3M Company.
- Honeywell International
- Eagle Industries
- BAE Systems
- MSA Safety
- Revision Military
- Gentex Corporation
- MKU Limited
- Avon Protection Systems, Inc.
- Ballistic Body Armor Pty
Company Name: Grand View Research, Inc.
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