Military Personal Protective Equipment Market Scope by 2031
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.
Military Personal Protective Equipment Market Analysis
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.
Military Personal Protective Equipment Market Overview
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.
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Military Personal Protective Equipment Market: Strategic Insights
Market Size Value in US$ 12,013.98 Million in 2019 Market Size Value by US$ 20,804.39 Million by 2027 Growth rate CAGR of 7.6% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Military Personal Protective Equipment Market: Strategic Insights
| Market Size Value in | US$ 12,013.98 Million in 2019 |
| Market Size Value by | US$ 20,804.39 Million by 2027 |
| Growth rate | CAGR of 7.6% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Military Personal Protective Equipment Market Drivers and Opportunities
Increase in Global Military Spending for Soldier Modernization
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.
Utilization of Advanced Materials in Military Protective Equipment Development for Better Safety
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.
Military Personal Protective Equipment Market Report Segmentation Analysis
Key segments that contributed to the derivation of the military personal protective equipment market analysis are equipment, products, and end-user.
- Based on equipment, the military personal protective equipment market has been divided body armor, hazmat protection, flame resistant clothing, other. The body armor segment held a larger market share in 2023.
- Based on the products, the military personal protective equipment market has been divided into gloves, helmet, boots, goggles, face mask, other. The helmet segment held a larger market share in 2023.
- On the basis of end-user, the market has been segmented into land force, air force, navy. The land force segment dominated the market in 2023.
Military Personal Protective Equipment Market Share Analysis by Geography
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.
Military Personal Protective Equipment Market Report Scope
Military Personal Protective Equipment Market News and Recent Developments
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:
- In September 2021, Leidos awarded contract by Defense Advanced Research Projects Agency (DARPA). Through this award, Leidos will develop technology for advanced protective equipment for the US Military.
- In September 2021, SKYDEX partnered with ArmorSource. This partnership aimed at innovating helmet technology to protect military and law enforcement communities.
Military Personal Protective Equipment Market Report Coverage and Deliverables
The “Military Personal Protective Equipment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Equipment , Products , End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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