Military Personal Protective Equipment Market is expected to reach US$ 20,804.39 Mn by 2027


PRESS RELEASE BY The Insight Partners 31 Dec 2020

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Rising Procurement of Body Armor with Supportive Government Initiatives to Boost Military Personal Protective Equipment Market Growth

 

According to our latest market study on “Military Personal Protective Equipment Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Equipment (Body Armor, Hazmat Protection, Flame Resistant Clothing, and Other), Products (Gloves, Helmet, Boots, Goggles, Face Mask, and Other), and End-User (Land Force, Air Force, and Navy),” the market was valued at US$ 12,013.98 million in 2019 and is projected to reach US$ 20,804.39 million by 2027; it is expected to grow at a CAGR of 7.6% from 2020 to 2027. The report highlights key factors driving the market growth, and prominent players with their developments in the market.

 

The military personal protective equipment (PPE) plays a vital role in protecting soldiers and enhancing the procurement of military gear. This equipment is specially designed to protect military personnel from chemical and biological hazards during a combat. The equipment includes garment ensembles, protective body armor, footwear covers, helmets, and gloves. In the recent past, the demand for military personal protective equipment increased due to war situation in Afghanistan, Iraq, Libya, and Serbia. Additionally, Iran's mounting nuclear production has intensified military tensions among the US, Israel, and Iran. Increasing demand for advanced protection equipment across different military forces is a major factor driving the growth of the military personal protective equipment market. Ansell Ltd.; Avon Protection Systems, Inc.; Bae Systems PLC; Ceradyne (3M); Deenside Ltd.; DuPont DE Nemours, Inc.; Honeywell International Inc.; KDH Defense Systems, Inc.; MKU Limited; and US Armor Corporation are among the key military personal protective equipment market players that have been profiled during this market study.

 

Impact of COVID–19 Pandemic on Military Personal Protective Equipment Market

The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The military products and equipment manufacturing industry is heavily dependent on manual labor. In the wake of strong lockdown regulations imposed by the majority of the countries across the globe, the military equipment manufacturing sector is experiencing a significantly lower number of labors in respective manufacturing facilities. Major military spenders allocate close to or over 2 percent of their GDP, a significant amount, to military. However, several governments are deprioritizing defense spending, owing to the emergence of pandemic; instead, a majority of the governments are focusing on investing toward combatting the spread of virus. This factor is also anticipated to weaken the production of various defense equipment during 2020, thereby hindering the growth of military personal protective equipment (PPE) market. The COVID-19 outbreak impacted the supply chain of the military personal protective equipment, and governments are focusing majorly on medical sector and moderately on military sector; this is impacting the growth of the military personal protective equipment (PPE) market.

Military Personal Protective Equipment (PPE) Market Breakdown – by Region, 2019 (%)

Military Personal Protective Equipment (PPE) Market Breakdown – by Region, 2019 (%)


Military Personal Protective Equipment Market Size & Share

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Published Report - Military Personal Protective Equipment Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Equipment (Body Armor, Hazmat Protection, Flame Resistant Clothing, and Other), Products (Glove, Helmet, Boot, Goggle, Face Mask, and Other), End-User (Land Force, Air Force, and Navy)

The global military personal protective equipment (PPE) market has been segmented as follows:

 

Military Personal Protective Equipment (PPE) Market – by Equipment

  • Body Armor
  • Hazmat Protection
  • Flame Resistant Clothing
  • Other

Military Personal Protective Equipment (PPE) Market – by Product

  • Gloves
  • Helmet
  • Boots
  • Goggles
  • Face Mask
  • Other

Military Personal Protective Equipment (PPE) Market – by End-User

  • Land Force
  • Air Force
  • Navy

Military Personal Protective Equipment (PPE) Market – by Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Rest of SAM

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