The military personal protective equipment market size is projected to reach US$ 32.7 billion by 2031 from US$ 18.3 billion in 2023. The market is expected to register a CAGR of 7.5% in 2023–2031. Ongoing wars in the Middle East and Europe region and rise in spending towards modernizing military equipment and ensuring safety to military personals are among the key factors driving the military personal protective equipment market.
The growth of the military personal protective equipment across the globe is majorly driven by increasing defense budgets and mounting military soldier modernization efforts. In addition, the rising demand for various military equipment is increasing as governments across the globe are increasingly focusing on soldier modernization owing to the increasing security concerns. The sustained and uncertainty complexity of the international security environment worldwide is expected to boost defense spending by the authorities in the region over the next five years. Moreover, companies across the world are highly involved in designing and providing military personal protective equipment which in turn is anticipated to drive the market growth in the coming years. A few of the companies engaged in designing military personal protective equipment are Ceradyne (3M), Honeywell International, BAE Systems, DuPont, and Ansell Ltd., among others.
In the recent past, the demand for military personal protective equipment increased due to war situation in Afghanistan, Iraq, Libya, and Serbia. Additionally, Iran's mounting nuclear production has intensified military tensions among the US, Israel, and Iran. Increasing demand for advanced protection equipment across different military forces is a major factor driving the growth of the military personal protective equipment (PPE) market. The top five military spenders in the year 2023 are the US, China, India, Saudi Arabia, and Russia, which boost the procurement of military personal protective equipment in these countries. The requirement of military personal protective equipment is projected to be driven by the large defense financiers' modernization initiatives across the US and internal security threats such as organized terrorism and crime. Moreover, a significant rise in cross-border tensions between India, China, and Pakistan is driving the growth of the military personal protective equipment (PPE) market in Asia Pacific.
The modern combat leads to several confronts of complex battlefield scenarios; thus, soldiers face a wide variety of threats, such as improvised explosive device (IED) and attacks from rocket-propelled grenades. These threats allow a surge in demand for different PPE, such as helmets, night-vision goggles, body armor, and clothing, which provide enhanced protection and situational awareness to the soldiers. In addition, to fulfil the demand for soldier modernization and safety to military personals, the governments and associations across the globe are increasing the funding and spending towards military infrastructure and equipment. According to the Stockholm International Peace Research Institute (SIPRI), in 2023, the total global military expenditure valued at US$ 2,443 billion raised from US$ 2240 billion in 2022. Hence, the rise in military spending across the globe is expected to drive the market for military personal protective equipment market in the coming years.
The market players, along with the government are engaged in constant research and development (R&D) of new designs in PPE by using optimum and innovative quality materials to deal with the mounting demand of the end users. Moreover, manufacturers are focusing on developing new technologies such as nanotechnology materials in body armor to offer flexible and lightweight armor, which is benefitting in market expansion. For instance, some of the advanced materials offered by 3M company for military personal protective equipment development are 3M Scotchlite Reflective Material 6755 Series, and 3M Scotchlite Reflective Material 8710 Series, among others.
The 3M PELTOR Steel Mesh MultiVisor System V4A-10P, 10 EA/Case; 3M PETG Faceshield WE96S, 82580-00000, Flat Stock, Short, Clear, 50 EA/Case; and 3M PELTOR Brush Defender Visor System, V40AH9A-1P with H9A Ear Muff, 1 EA/Case among others for the development of the protective mask. The application of advanced materials and effective PPE necessitates a balance between completing a mission and staying on task and protect the soldiers physiological, psychological, and physical. The integration of advanced material and technologies comprises coatings or materials that have high permeability to boost the evaporative heat transfer from the body and avoid the diffusion of toxic chemicals to the skin. Thus, the use of advanced materials in the development of military personal protective equipment is expected to create opportunity for key players operating in the market.
Key segments that contributed to the derivation of the military personal protective equipment market analysis are equipment, products, and end-user.
The geographic scope of the military personal protective equipment market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
North America has dominated the military personal protective equipment market in 2023. The North America region includes the US, Canada, and Mexico. The US and Canada are among the key North American countries that invest substantial amounts in their military forces. The departments of defense of these countries have been consistently adopting various advanced technologies to provide mission-ready technologies for soldiers. The rising military expenditure has been positively influencing the adoption of the various modern-day technologies, such as military personal protective equipment. Moreover, the demand for various military equipment is increasing as governments across the North American region are increasingly focusing on soldier modernization owing to the increasing security concerns. The sustained and uncertainty complexity of the international security environment worldwide is expected to boost defense spending by the authorities in the region over the next five years. Additionally, the US administration’s increased emphasis on enhancing the soldier’s protection and capabilities is expected to be one of the major growth drivers for defense spending in the coming years.
The regional trends and factors influencing the Military Personal Protective Equipment Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Military Personal Protective Equipment Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 18.3 Billion |
Market Size by 2031 | US$ 32.7 Billion |
Global CAGR (2023 - 2031) | 7.5% |
Historical Data | 2021-2022 |
Forecast period | 2023-2031 |
Segments Covered |
By Equipment
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Military Personal Protective Equipment Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Military Personal Protective Equipment Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The military personal protective equipment market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for military personal protective equipment market and strategies:
The “Military Personal Protective Equipment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: