Military Personal Protective Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024


The top three leading players in the global military personal protective equipment market held a share of 52.2% in the overall market in 2015. These players are determined to bring in product innovation to rise above the stiff competition in the global market. Furthermore, several companies are also emphasizing on achieving technological advancements to cater to the demands of clients.

View Report:

According to the research report, the global military personal protective equipment market was valued at US$11.23 bn in 2015 and is expected to reach US$19.09 bn by the end of 2024. The market is projected to progress at a CAGR of 6.1% between 2016 and 2024.

Body Armor Segment Emerges as Leading Product in Global Market

The types of products available in the global market are body armor (IBA), advanced combat helmet (ACH), improved outer tactical vest (IOTV), pelvic protection systems (PPS), life safety jackets, military combat eye protection (MCEP), and others. Out of all the products, the body armor product segment is expected to make a significant contribution to the global market. The segment is slated to acquire a share of 33.1% by the end of 2024.


In terms of geography, the global market is fragmented into North America, Europe, Asia Pacific, Saudi Arabia, and Latin America. The report indicates that North America is likely to dominate the global market with Asia Pacific following closely. The North America military personal protective equipment market is estimated to acquire a share of 24.4% by the end of 2024.

Persistent Conflicts Keep Demand of Military Personal Protective Equipment High

The highly volatile situation amongst countries in the Middle East, India, and Iraq is the key growth driver for the global military personal protective equipment market. The increasing role of ground troops in combat has augmented the demand for military personal protective equipment in the recent past. The ongoing wars and conflicts have been boosting the uptake of this equipment to ensure safety of the troops. The report states that wars in Afghanistan, South Sudan, and Iraq have collectively kept the demand for protective gear at an all-time high through the past decade.

Request Sample Report@


Comments

Popular posts from this blog

Sodium Cocoyl Isethionate Market to Undertake Strapping Growth During 2026

High-performance Anti-corrosion Coatings Market to Record an Exponential CAGR by 2024

Tattoo Inks Market to Undertake Strapping Growth During 2026