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Military Personal Protective Equipment Market Analysis: $29 Billion by 2029 With a CAGR of 8.2%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.Military Personal Protective Equipment Market Value Projection: How Much Will the Market Size by 2025?
Over the past few years, there has been robust growth in the military personal protective equipment market. This market is expected to expand from $19.54 billion in 2024 to $21.13 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. This considerable growth during the historic period is due to geopolitical conflicts, the expansion of military modernization programs, threat perceptions, worldwide military spending, and the obsolescence of older equipment.
What Will Be the Market Growth Forecat for Military Personal Protective Equipment in 2029?
In the coming years, the market size of military personal protective equipment is set to witness robust growth, reaching $29 billion by 2029 with a compound annual growth rate (CAGR) of 8.2%. This growth during the predicted period can be attributed to the rise of new threats, the global political scene, amplified emphasis on the welfare of soldiers, concerns related to cybersecurity and the environment. During this forecast period, the main trends will encompass sustainable and eco-friendly solutions, worldwide geopolitical impact, protection against chemical, biological, radiological, and nuclear (CBRN) hazards, advancements in ballistic protection, customization and modularity along with the incorporation of smart technology.
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What Are the Core Competitive Drivers in the Military Personal Protective Equipment Industry?
The surge in military expenditure is anticipated to catalyze the expansion of the military personal protective equipment market. This expenditure encompasses costs incurred on armaments, military operations, upkeep, personnel, and other unique military hardware. The infusion of governmental funds into the military bolster the progression of various segments of the military market, inclusive of military personal protection equipment. As per a report released by the Stockholm International Peace Research Institute, a globally recognized Swedish organization, in April 2023, global military expenditure witnessed a 3.7 percent increase in real terms in 2022, escalating to a record-breaking $2,240 billion. Importantly, Europe's military expenditure registered a significant growth of 13 percent over the year. The United States, contributing a hefty 39 percent to global military spending in 2022, and China, contributing 13 percent, maintained their status as the highest contributors. They were followed by Russia at 3.9 percent, India at 3.6 percent, and Saudi Arabia at 3.3 percent, who together accounted for 63 percent of the total global military expenditure for the year. Hence, the upward trend in military expenditure is propelling the military personal protective equipment market.
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Which Military Personal Protective Equipment Market Segment Is Projected to See the Fastest Growth?
The military personal protective equipment market covered in this report is segmented -
1) By Product: Body Armor, Tactical Vest, Eye Protection, Combat Helmet, Life Safety Jacket, Pelvic Protection, Respiratory Protection, Other Products
2) By Usage: Detection Solutions, Fall Protection, Head And Face Protection, Hearing Protection, Protective Apparel, Protective Communications, Protective Eyewear, Respiratory Protection, Welding Safety
3) By Application: Army, Air Force, Navy, Other Applications
Subsegments:
1) By Body Armor: Soft Armor, Hard Armor, Plate Carriers, Tactical Vest
2) By Tactical Vest: Modular Tactical Vests, Load-Bearing Vests
3) By Eye Protection: Ballistic Goggles, Shooting Glasses, Face Shields
4) By Combat Helmet: Ballistic Helmets, Modular Helmets
5) By Life Safety Jacket: Personal Flotation Devices, Tactical Life Vests
6) By Pelvic Protection: Groin Guards, Protective Shorts
7) By Respiratory Protection: Gas Masks, Respirators
8) By Other Products: Hearing Protection, Neck Protection, Anti-Riot Gear
Which Trends Are Opening New Opportunities in the Military Personal Protective Equipment Market?
There's an emerging trend in the military personal protective equipment market towards creating more advanced and innovative gear. Major participants in the market, as well as research organizations, are conducting extensive research and development efforts to fabricate industry-leading protective gear for militaries. Such innovative strides offer significant competitive advantages. For example, in July 2022, the Commonwealth Scientific and Industrial Research Organization (CSIRO), an Australian government entity, declared its commitment to designing advanced respiratory protection gear for the Australian Defense Force (ADF). An investment of $8.65 million accompanies this development, which incorporates a single respiratory unit utilizing a metal-organic material that provides increased protection from radiological and nuclear (CBRN) contagions. The main goal is to boost defence efficiency and safeguard military personnel from exposure to biological, chemical, and radiological hazards in combat scenarios.
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Who Are the Leaders in the Military Personal Protective Equipment Market?
Major companies operating in the military personal protective equipment market include 3M Company, Ansell Limited, Armor Express LLC, Avon Rubber plc, BAE Systems Inc., Ballistic Body Armor Pty. Ltd., E. I. du Pont de Nemours and Company, Eagle Industries Unlimited Inc., Gentex Corporation, Honeywell International Inc., Koninklijke DSM N.V., MKU Limited, Point Blank Enterprises Inc., Revision Military Inc., Teijin Limited, Australian Defense Apparel Pty Ltd., Authorities Gear LLC, Fortis Clothing Ltd., KDH Defense Systems Inc., MSA Safety Incorporated, SEYNTEX NV, Sioen Industries NV, TOP-SKIN S.r.l., W. L. Gore & Associates Inc.
Which Regional Military Personal Protective Equipment Markets Offer the Greatest Growth Potential?
North America was the largest region in the military personal protective equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the military personal protective equipment market report during 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, Africa
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