The global military personal protective equipment (PPE) market was valued at USD 17.08 billion in 2020 and is expected to grow from USD 17.85 billion in 2021 to USD 32.30 billion by 2028, registering a CAGR of 8.84% during the 2021–2028 period. In 2020, North America led the market, accounting for 29.45% of the global share, driven by high defense spending and strong demand for advanced protective solutions for military personnel. The increasing concerns regarding soldiers’ security and safety in battle operations and the expanding defense forces & defense budgets are expected to bolster the market growth. Fortune Business InsightsTMhas presented this information in its report titled “Military Personal Protective Equipment Market, 2021-2028”. The market size stood at USD 17.08 billion in 2020 and its value in 2021 was USD 17.85 billion.
Additionally, the rising demand for lightweight military personal protective equipment for battle operations is projected to stimulate market growth during the forecast period. For instance, Teijin recently unveiled Twaron Ultra Micro 550f1000 yarns developed for fragment-resistant vests. The filaments amplify the ballistic fabric’s stopping power.
List of Key Players in Military Personal Protective Equipment Market:
Source:
https://www.fortunebusinessinsights.com/military-personal-protective-equipment-ppe-market-103131
Segmentation-
On the basis of product type, the market is segmented into pelvic protection systems, tactical vests, body armor, protective eyewear, life safety jacket, and advanced combat helmets.
On the basis of application, the market is trifurcated into navy, air force, and army.
Geographically, the market is classified into Asia Pacific, Europe, North America, and the Rest of the World.