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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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.
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.