Global Military Personal Protective Equipment Market (Crucial And Standard Element)- Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Global
Military Personal Protective Equipment Market: Overview
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.
Global
Military Personal Protective Equipment Market: Drivers and Trends
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.
Global
Military Personal Protective Equipment Market: Segmentation
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.
Global
Military Personal Protective Equipment Market: Regional Outlook
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.
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Key
Players Mentioned in this Report are:
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:
Global
Military Personal Protective Equipment Market: By Product Type
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
Global
Military Personal Protective Equipment Market: By Application
Army
Air Force
Navy
Others
Global
Military Personal Protective Equipment Market: By Geography
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
Table
of Content
Chapter
1 Preface
1.1
Report Description
1.2
Market Segmentation
1.3
Research Highlights
Chapter
2 Assumptions and Research Methodology
2.1
Assumptions and Acronyms Used
2.2
Research Methodology
Chapter
3 Executive Summary
3.1
Market Snapshot
Chapter
4 Military Personal Protective Equipment Market: Overview
4.1
Introduction
4.2
Key Trend Analysis
4.3
Drivers and Restraints Snapshot Analysis
4.3.1
Increased role of ground troops in operations
4.3.2
Increased in the demand of advanced equipment
4.3.3
Increasing importance of security and safety
4.3.4
Rapidly Modernizing
4.4
Market Restraints
4.4.1
Decrease in Defense Expenditure
4.5
Market Opportunities
4.5.1
Opportunity Analysis
4.5.2
Increasing Soldier Modernization Programs and Lightweight Armor
4.6
Military Personal Protective Equipment: Market Attractiveness
Analysis
4.7
Market Share by Key Players (%),2015
4.7.1
Competitive Strategies Adopted by Leading Players, By Regions
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