From 2020 to 2027, the global military personal protective equipment market is predicted to increase at a compound annual growth rate (CAGR) of 11.3 percent. Over the projection period, demand is expected to be driven by defence authorities' increasing focus on troop safety and security, as well as higher spending on military activities.
Here is the content list:
1. The insights of the product.
2. The insights of end-usage.
3. The insight of region.
1. The insights of the product.
Body armour dominated the global military personal protective equipment market in 2019, accounting for 20.7 percent of total demand, owing to rising demand for ballistic protection suits and the emergence of asymmetric warfare in several nations, including the United States, China, and India. Body armour is used by military personnel equipment to shield them from dangerous weaponry.
The military eye protection product segment is expected to develop at a substantial rate, with a CAGR of 7.6% over the forecast period. Safety glasses, goggles, sunglasses, shields, and night vision eyewear systems are all part of the eye protection category. Over the forecast period, laser protection eyewear and night vision gadgets are expected to drive segmental growth.
2. End-use Insights
In 2019, the army as an end-use category dominated the market, accounting for 54.9 percent of total market revenue. Several defence agencies in developed countries, such as the United States, France, and Canada, place a high priority on improving personal protection for ground troops and armed forces, to upgrade traditional protective equipment, which is expected to drive market growth over the forecast period.
The increased importance of ground troops in operations in Iraq, Syria, and Afghanistan has fueled the industry's recent growth. The expansion of guerrilla tactics and IEDs has increased the risk to ground forces in their operations, resulting in a significant need for army protective equipment. Furthermore, the military PPE market is expected to grow because of the rising demand for distinctive and improved PPE by defence professionals in both war and other situations.
3. Regional Insights
North America was the largest consumer of military personal protective equipment in 2019, accounting for more than 35.8% of total market revenue, and is predicted to continue to grow rapidly throughout the forecast period. This increase can be linked to increased military spending by countries in the region, such as the United States and Canada. The military PPE market in the region is expected to grow as geopolitical conflicts and irregular warfare between and within economies become more common.
Over the projection period, the Asia Pacific military equipment market is expected to grow at a CAGR of 11.5 percent. Over the forecast period, rising incidences of warfare and border disputes in Asia Pacific countries such as India, China, and Pakistan are expected to fuel demand for PPE. China has announced a plan to purchase 1.4 million units of body armour with plates through 2022, which is expected to increase regional demand.
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