Advanced Protective Gear and Armor Market to grow from a market value of USD 13.93 billion in 2017 to USD 18.40 billion by the end of 2022| Top Players – 3M Co., Uvex Safety, BAE Systems PLC, Arco Ltd, Bolle Safety, Asatex AG, Honeywell Internation Inc.

Market Analysis:

Asia-Pacific to Dominate the Market
Asia-Pacific is one of the fastest-growing markets in the global advanced protective gear and armor market. Growing budgets for defense and military operations and the presence of a large number of individuals working in these segments are the primary factors expected to influence the demand for protective gear in the military & defense sector.

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The advanced protective gear and armor market is expected to witness steady growth across the world, owing to the high frequency of terrorist activities and related geopolitical events. Countries have been making safety regulations more stringent than before. The enforcement of these stringent regulations helped to increase the levels of awareness among both employers and workers across the industries. The evolution of wearable technology is further expected to boost the industry demand for advanced protective gears that are integrated with sensors and other assisting technologies, which can help report any vital stress signals and other information to signal the safety state of the employee. Leading manufacturers in the market have entered the developing economies to fuel the growth of brands, take advantage of the large untapped potential, and exploit the opportunity to enhance their hold on the global protective gear and armor market.

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Market Segments:
Advanced Protective Gear and Armor Market is segmented by:
1. Type: Thermal, Chemical/Biological, Ballistic, Others
2. User: Industrial, Personal
3. End-User Vertical: Industrial, Oil & Gas, Healthcare, Law Enforcement, Construction, Others
4. Product: Foot Protection, Head Protection, Eye & Face Protection, Hearing Protection, Fall Protection, Hand Protection, Respiratory Protection, Protective Apparel, Gas Detection
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

RECENT DEVELOPMENTS
• July 2017: MSA Safety Incorporated announced that it completed its acquisition of Globe Holding Company LLC.
• January 2017: BAE systems and Turkish aerospace Industry signed a heads of agreement to collaborate on the first development phase of an indigenous fifth-generation fighter jet for the Turkish Air Force- TF-X.

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This release was published on openPR.