Advanced Protective Gear and Armor Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Advanced protective gear and armour market comprises of all the protective gears such as eye gears, headgears etc. and various advanced protective armour and suits used in military, industries to increase the security of a person.The Strict regulations and laws towards work environment safety set by the government have forced the employers to enhance the safety standards in the industrial segment to minimise human causalities and provide a better working environment. In the automotive industry, it is mandatory to wear shoes which are shock light, waterproof and weight resistant
Advanced Protective Gear and Armour Market Segments Size & Growth:
Advanced Protective Gear and ArmourMarket are expected to increase by a $ 5.8 billion by 2024 at a CAGR of 6.01 % from a $ 4.8 billion in 2017. Growing terrorist activities and warfare situations around the globe, rising security requirements are the critical factors for the growth of Advanced protective gear and armour market. Rapid industrialisation is developed moreover developing countries are expected to increase the product demand for industrial protection equipment. All the corporates and multinationals to take initiatives by introducing Personal Protective Equipment (PPE) and clothing as a part of industry norm to reduce dangerous accidents at work sites.
Advanced Protective Gear and Armour Market Segments Share:
Advanced Protective Gear and Armour market are segmented into the type which includes ballistic, chemical/ biological
Advanced Protective Gear and Armor Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
and thermal. Among these chemical protective garments, gloves and equipment hold the most significant share due to the rapid industrialisation in developed as well as developing counties. Based on the Product, Advanced Protective Gear and Armour market is subdivided into Fall protection, head protection, foot protection, eye and face protection, respiratory protection, hearing protection, gas protection, and hand protection. Foot protection has the most significant market due to, in the automotive industry, it is mandatory to wear shoes which are lightweight, shock resistant and waterproof.
Based on the user, it is subdivided into industrial and personal. Increasing cross-border conflicts such as between US & Iran, India & Pakistan, India & China, Israel & Palestine etc. are anticipated to drive product demand.Threats to internal national security such as the attack on twin towers, Mumbai attack, Moscow attack etc. have increased the need to empower internal security forces. These factors are expected to drive the advanced protective gear and armour market over the forecast period.Standards set by environmental regulatory authorities and military personnel are expected to hamper protective gear and armour market growth over the forecast period. Introduction and Production of women armour and gear are supposed to act as an opportunity for industry participants over coming years.
Based on Geography, North America is a world’s most significant military force expected to have the
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Advanced Protective Gear and Armor Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
highest demand during this fast fore period. Due to the increasing awareness among the workers regarding safety in industries Europe is also anticipated to display a significant amount of product demand. Rising terrorist activities in India and Pakistan and increasing cross-border tensions between India, Pakistan, and China are expected to fuel the market growth in the Asia Pacific.
Advanced Protective Gear and Armour Market Trends:
- The 3M launched new Combat II Ballistic helmet L110 on October 19, 2017.
- Bae Systems designed challenger two a battle tank in service with the British army.
- Honeywell International Inc launched a new face protection Uvex turbo shield was introduced.
Advanced Protective Gear and Armour Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- The 3M Company
- Kimberly-Clark Corporation
- Honeywell International Inc.
- Arco Limited
- Bae Systems
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