Military Personal Protective Equipment Global Market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UNITED KINGDOM, September 25, 2024 /EINPresswire.com/ -- The military personal protective equipment market has experienced robust growth in recent years, expanding from $18.29 billion in 2023 to $19.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to geopolitical conflicts, growing military modernization programs, threat perception, global military expenditure, legacy equipment obsolescence.
What Is The Estimated Market Size Of The Global Military Personal Protective Equipment Market And Its Annual Growth Rate?
The military personal protective equipment market is projected to continue its strong growth, reaching $27.96 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to emerging threats, global political landscape, increased focus on soldier well-being, cybersecurity concerns, environmental considerations.
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Growth Driver Of The Military Personal Protective Equipment MarketIncreasing military expenditure is expected to propel the growth of the military personal protective equipment market going forward. Military expenditure is the amount spent on weapons, weapons systems, operations, maintenance, personnel, and other specific military equipment. Government spending on the military will support the development of various aspects of the military market including military personal protection equipment.
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Which Market Players Are Driving The Military Personal Protective Equipment Market Growth?Key players in the market include 3M Company, Ansell Limited, Armor Express LLC, Avon Rubber PLC, BAE Systems Inc., Ballistic Body Armor Pty. Ltd., E. I. du Pont de Nemours and Company, Eagle Industries Unlimited Inc., Gentex Corporation, Honeywell International Inc., Koninklijke DSM N.V., MKU Limited, Point Blank Enterprises Inc., Revision Military Inc., Teijin Limited, Alpha Pro Tech Ltd., Australian Defense Apparel Pty Ltd., Authorities Gear LLC, COFRA Holding AG, Fortis Clothing Ltd., KDH Defense Systems Inc., Lakeland Industries Inc., MSA Safety Incorporated, National Safety Apparel Inc., NOVITEX Fashion, Original Buff SA, Original Footwear Company, Radians Inc., SEYNTEX NV, Sioen Industries NV, TOP-SKIN S.r.l., W. L. Gore & Associates Inc.
What Are The Emerging Trends Shaping The Military Personal Protective Equipment Market Size?Major companies operating in the military personal protective equipment market are developing innovative products such as aramid fiber for body armor to meet larger customer bases, more sales, and increase revenue. Aramid fiber is a synthetic fiber known for its high strength, heat resistance, and durability.
How Is The Global Military Personal Protective Equipment Market Segmented?1) By Product: Body Armor, Tactical Vest, Eye Protection, Combat Helmet, Life Safety Jacket, Pelvic Protection, Respiratory Protection, Other Products2) By Usage: Detection Solutions, Fall Protection, Head and Face Protection, Hearing Protection, Protective Apparel, Protective Communications, Protective Eyewear, Respiratory Protection, Welding Safety3) By Application: Army, Air Force, Navy, Other Applications
Geographical Insights: North America Leading The Military Personal Protective Equipment MarketNorth America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market report during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Military Personal Protective Equipment Market DefinitionMilitary personal protective equipment or PPE refers to clothing worn to reduce exposure to risks that might result in significant workplace diseases and injuries. It is used in military applications to shield military personnel from illnesses brought on by their harsh living conditions or injuries sustained during combat.The main types of military personal protective equipment are body armor, tactical vest, eye protection, combat helmet, life safety jacket, pelvic protection, respiratory protection, and others. Body armor is protective clothing that someone wears to absorb or deflect physical attacks that might otherwise harm them. These are used for detection solutions, fall protection, head and face protection, hearing protection, protective apparel, protective communications, protective eyewear, respiratory protection, and welding safety. The various applications include army, air force, navy, and others.
Military Personal Protective Equipment Global Market Report 2024 from TBRC covers the following information:• Market size data for the forecast period: Historical and Future• Macroeconomic factors affecting the market in the short and long run• Analysis of the macro and micro economic factors that have affected the market in the past five years• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global military personal protective equipment market report covering trends, opportunities, strategies, and moreThe Military Personal Protective Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on military personal protective equipment market size, military personal protective equipment market drivers and trends and military personal protective equipment market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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