Military Personal Protective Equipment Market Research Report Offer By MRFR With Latest Analysis, Growth, Business Innovation Worldwide With Latest Market Value Forecast till 2027
New York, United States of America - February 17, 2022 /MarketersMedia/ —
Military Personal Protective Equipment Market to Cross A Size Of 20% By 2023
The MRFR report suggests that the global market for military personal protective equipment is projected to register a robust CAGR of approximately 20% during the assessment era.
The nature of warfare and the military personal protective equipment market has transformed substantially over the past decade. The global market for military personal protective equipment has recorded a noteworthy spike in the growth rate in recent years. The growth of the market is being driven by the substantial increase in military applications as they assist in offering a better degree of functionality and protection. On the other hand, the lack of funding is projected to impede the growth of the market over coming years.
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Segment Analysis
The global market for military personal protective equipment has been fragmented into numerous segments based on platform, application, product type, and region.
Based on product type, the global market for military personal protective equipment is divided into tactical vest, body armor, helmets, pelvic protection system, protective eyewear, life safety jackets, and others.
By application, the military personal protective equipment market is split into training, combat, emergency preparedness, and others.
Based on platform, the military personal protective equipment market is divided into ground-based, naval, and airborne.
Regional Analysis
The global market for military personal protective equipment is examined across five North America, the Middle East & Africa, Latin America, Asia-Pacific, and Europe.
The MRFR reports suggest, the Asia-Pacific region is projected to lead the military personal protective equipment market over the forecasted era. China is evolving as a main seller of body armor for protection against the small arms, which fire up to 7.62mm bullets. The regional market is likely to acquire a substantially larger size over the assessment period. A large number of security issues across the region causing high military expenses by governments is estimated to drive the growth of the regional market.
The North American region is projected to record substantial growth over the forecasted era. The growth of theregional market is attributed to the technological advancements and the extensive military expenditure.
Recent Developments
September 2021- Leidos has announced that it has received a prime contract for the development of advanced protective equipment under the US Defense Advanced Research Projects Agency’s (DARPA) Personalized Protective Biosystems (PPB) programme. The PPB programme is looking forward to lowering the weight of the present personal protective equipment (PPE).
April 2021- DARPA is in work with industry on 'unburdening the warfighter' by creating innovative and extreme-lightweight personal protective equipment. Personalized Protective Biosystems programme pre-dates COVID-19, but it perhaps believes even greater importance for defence finding in the background of the pandemic.
August 2021- An original equipment manufacturer (OEM) of silicon nitride ceramic for non-medical and medical applications, SINTX Technologies, Inc., has announced that it has signed an asset purchase agreement with B4C, LLC of Dayton, Ohio, for the acquisition of the equipment and technical processes needed to make ballistic armor plates. Distinctly, SINTX also signed a technology license agreement with Precision Ceramics USA Inc. to make to produce a ceramic composite for defense armor applications.
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