GlobeNewswire
Dublin, Jan. 25, 2021 (GLOBE NEWSWIRE) -- The "Military Personal Protective Equipment Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Equipment, Products, End-User" report has been added to ResearchAndMarkets.com's offering. The market was valued at US$ 12,013.98 million in 2019 and is projected to reach US$ 20,804.39 million by 2027; it is expected to grow at a CAGR of 7.6% from 2020 to 2027. The report highlights key factors driving the market growth, and prominent players with their developments in the market. Rising Procurement of Body Armor with Supportive Government Initiatives to Boost Military Personal Protective Equipment Market Growth.The military personal protective equipment (PPE) plays a vital role in protecting soldiers and enhancing the procurement of military gear. This equipment is specially designed to protect military personnel from chemical and biological hazards during a combat. The equipment includes garment ensembles, protective body armor, footwear covers, helmets, and gloves. 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 market. Ansell Ltd.; Avon Protection Systems, Inc.; Bae Systems PLC; Ceradyne (3M); Deenside Ltd.; DuPont DE Nemours, Inc.; Honeywell International Inc.; KDH Defense Systems, Inc.; MKU Limited; and US Armor Corporation are among the key military personal protective equipment market players that have been profiled during this market study.Impact of COVID-19 Pandemic on Military Personal Protective Equipment MarketThe COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The military products and equipment manufacturing industry is heavily dependent on manual labor. In the wake of strong lockdown regulations imposed by the majority of the countries across the globe, the military equipment manufacturing sector is experiencing a significantly lower number of labors in respective manufacturing facilities. Major military spenders allocate close to or over 2 percent of their GDP, a significant amount, to military. However, several governments are deprioritizing defense spending, owing to the emergence of pandemic; instead, a majority of the governments are focusing on investing toward combatting the spread of virus. This factor is also anticipated to weaken the production of various defense equipment during 2020, thereby hindering the growth of military personal protective equipment (PPE) market. The COVID-19 outbreak impacted the supply chain of the military personal protective equipment, and governments are focusing majorly on medical sector and moderately on military sector; this is impacting the growth of the military personal protective equipment (PPE) market. Key Topics Covered: 1. Introduction2. Key Takeaways3. Research Methodology4. Military Personal Protective Equipment Market Landscape4.1 Market Overview4.2 Porter's Five Forces Analysis4.3 Ecosystem Analysis4.4 Expert Opinion5. Military Personal Protective Equipment Market - Key Market Dynamics5.1 Market Drivers5.1.1 Constant Growth in Global Military Spending for Soldier Modernization5.1.2 Rising Threat of CBRN Weapons5.2 Market Restraints5.2.1 High Cost of Military personal protective equipment in Developing Countries5.3 Market Opportunities5.3.1 Mergers and Acquisitions to Drive the Growth5.4 Future Trends5.4.1 Usage of Advanced Materials for Better Safety5.5 Impact Analysis of Drivers and Restraints6. Military Personal Protective Equipment - Global Market Analysis6.1 Global Military Personal Protective Equipment (PPE) Market Overview6.2 Military Personal Protective Equipment (PPE) Market - Revenue and Forecast to 2027 (US$ Million)6.3 Market Positioning - Global Market Players7. Military Personal Protective Equipment Market Analysis - By Equipment7.1 Overview7.2 Military Personal Protective Equipment Market, By Equipment (2019 and 2027)7.3 Body Armor7.4 HAZMAT Protection7.5 Flame Resistant Clothing8. Military Personal Protective Equipment Market - By Products8.1 Overview8.2 Military Personal Protective Equipment Market, by Products (2019 and 2027)8.3 Gloves8.4 Helmet8.5 Boots8.6 Goggles8.7 Face Mask9. Military Personal Protective Equipment Market Analysis - By End-User9.1 Overview9.2 Military Personal Protective Equipment Market, By End-User (2019 and 2027)9.3 Land Force9.4 Air Force9.5 Navy10. Military Personal Protective Equipment Market - Geographic Analysis11. Impact of Coronavirus Outbreak11.1 Overview11.2 Impact of COVID-19 Pandemic on Global Military personal protective equipment Market12. Industry Landscape12.1 Market Initiative12.2 Overview12.3 New Product Development12.4 Merger and Acquisition13. Company Profiles Ansell LtdAvon Protection SystemsBAE SystemsRevision MilitaryDeenside Ltd.DuPontHoneywell International Inc.SEYNTEXMKU LimitedUS Armor Corporation For more information about this report visit https://www.researchandmarkets.com/r/hb5f8q Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900