Personal Protective equipment (PPE) used in defense applications is utilized to combat incoming threats. The use of this technology adds to the safety associated with personnel during military operations. The use of this equipment prevents the direct contact of hazards such as chemical, biological, as well as radiological with personnel. Protective Equipment includes a wide array of apparel including goggles, respiratory systems, gloves, boots as well as body armor. Military Protective clothing also includes ballistic jackets, bulletproof vests, combat coats, thermal layers, and underbody armor combat shirts.
As of the year 2020, the military protective equipment market was poised to attain a market value of USD 14 Billion. The overall market is anticipated to grow with a CAGR of 6% during the forecast period 2021-2031. The overall market is segmented by Product, End-Use, and Region. The regional segmentation for this market ranges across North America, Europe, APAC, the Middle East, and the RoW. The product segment is further categorized into body armor, tactical vest, combat helmet, eye protection, life safety jacket, pelvic protection, respiratory protection systems and others. The End-Use outlook is further segmented into Army, Navy, and Air force.
The increasing focus on security for defense troops is one of the key factors that drive the growth associated with this market. The rising military expenditure on troop safety and comfort is another factor that is anticipated to accelerate the market growth dynamics for the personal protective equipment market. Despite the pandemic and the budgetary cuts caused by the same, the military expenditure is poised to increase for the year 2021.
Rising geopolitical instability is one of the key factors that is anticipated to boost the expansion of military spending globally. Growing insurgency within regions like Afghanistan and its impact on global security is a key geopolitical event that is expected to disrupt the global standards of safety. Political conflict between nations like India and China is anticipated to further drive the market growth and military spending potential for nations within the APAC. Border tensions associated with resourceful regions like the South China Sea are also one of the geopolitical conflicts which are expected to change the global alliances and the overall political scenario worldwide.
Respiratory Personal Protective Equipment is the fastest-growing segment within the military protective equipment vertical. This growth is accounted for by the increase in the number of COVID-19 cases globally. The RPE market includes components like powered air respirators, gas masks, filters, and self-contained breathing equipment to name a few.
On a regional basis, North America is regarded to be the largest market owing to the presence of countries like the US. As of 2020, US’s military expenditure was recorded to be roughly USD 778 billion. On making a year-on-year comparison the military expenditure increased by a value of roughly 4.4%. As of 2020, the US accounted for 39% of the global military spending. The increased investment in the R&D infrastructure for the soldier protection systems market is expected to drive the market growth dynamics for this vertical.