Press release
Advanced Protective Gear and Armor Market: Worldwide Industry Analysis and New Market Opportunities Explored
The industry is primarily driven by the fight against terrorism, and it is unlikely to halt in the next six years due to the current terrorist and geopolitical events. The demand for advanced gears and armors is increasing due to technological advancement in industrial areas, external and internal security threats, modernization, territorial disputes, and shortage of available gears and armors. The market is moving forward due to the innovations in products and materials, improved safety levels and comfort, and advanced hybrid designs.
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Some of the factors restraining the growth of this industry are standards and regulations passed by military services and environmental regulatory authorities. The major challenge faced by the industry is the designing of lightweight armors for reducing the burden of soldiers.
The supply chain of the industry is very complex as each component of the supply chain plays a vital role in the smooth functioning of the industry. The supply chain includes government for setting standards and regulations, manufacturers, fabricators, distributors and so on. There is a huge growth opportunity in women armor designing and manufacturing as this industry is still in its nascent stage.
Geographically, North America dominates the market for advanced gear and armor, followed by Europe and the Asia-Pacific market. The global market for advanced gear and armor is fairly consolidated so the growth of small players is declining owing to frequent mergers and acquisitions in the industry. The prominent market participants in the industry are BAE Systems, Armor Source, Ballistic Body Armour, Ceradyne, Defense Industries International, Alliant Techsystems Inc. (ATK), and Mine Safety Appliances Company (MSA).
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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