Summary
Major players in the military personal protective equipment market are 3M, Armorsource LLC, BAE Systems Inc., DuPont de Nemours Inc., Eagle Industries, Gentex Corporation, Honeywell International Inc., Armor Express, Ansell Ltd., Avon Protection, Revision Military, MKU LIMITED, Koninklijke DSM N.V., ArmorWorks, Point Blank Enterprises Inc., Ballistic Body Armor Pty. Ltd., and Teijin Limited.
The global military personal protective equipment market is expected to grow from $16.76 billion in 2022 to $18.21 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The military personal protective equipment market is expected to grow to $24.90 billion in 2027 at a CAGR of 8.1%.
The military personal protective equipment market consists of sales of respiratory equipment, protective garments, and barrier materials.Values in this market are ’factory gate’ values, that is the value of goods sold by manufacturers or creators of the goods, whether to other entries (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to the end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Military 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.
North America was the largest region in the military personal protective equipment market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the military personal protective equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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.
Increasing 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. For instance, in December 2022, according to the European Defense Agency, a Europe-based defense agency, the member states spent a record amount of $53.4 USD billion (€52 billion) on the purchase of defense equipment, a rise of 16% compared to 2020. Further, total European defense spending reached a new high of $228.6 USD billion (€214 billion), up 6% from 2020 and continuing a seven-year trend of expansion. Therefore, increasing military expenditure is driving the military personal protective equipment market.
The development of innovative military protective equipment is a key trend gaining popularity in the military personal protective equipment market.Research and development activities are being conducted by major players and research organizations for developing innovative military protective equipment.
Such innovations enable key players to gain a competitive edge in the market. For instance, in July 2022, Commonwealth Scientific and Industrial Research Organization (CSIRO), an Australia-based government organization announced to work on the development of advanced respiratory protective equipment for the Australian Defense Force (ADF) with an investment of $8.65 million. This includes technology that uses metal-organic material to provide more advanced and effective protection against radiological and nuclear (CBRN) contaminants through the use of a single respiratory unit. It aims to strengthen defense capability by protecting military personnel from biological, chemical, and radiological contamination on the battlefield.
In April 2021, Honeywell, a US-based company focused on aerospace, building technologies, performance materials and technologies, and safety and productivity solutions, acquired Norcross Safety Products LLC for USD 1.2 billion. Through this acquisition, Honeywell will give the organization a platform in the worldwide market, which is now fragmented but has the potential for enormous growth. This investment in Norcross allows the company to completely enter a highly regulated industrial safety market. Norcross Safety Products LLC is a US-based company that manufactures a wide range of protective and safety equipment.
The countries covered in the military personal protective equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The military personal protective equipment market research report is one of a series of new reports that provides military personal protective equipment market statistics, including military personal protective equipment industry global market size, regional shares, competitors with a military personal protective equipment market share, detailed military personal protective equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the military personal protective equipment industry. This military personal protective equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
