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Military Personal Protective Equipment Market Research by Business Opportunities, Top Manufacture,

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The global military personal protective equipment market is set to gain impetus from the rising development of lightweight body armor by the defense forces of several countries. The U.S. Army, for instance, developed a new system called Torso and Extremity Protection (TEP) that consists of a blast pelvic protection system, a battle belt, a scalable vest, a modular, and a ballistic combat shirt. This information is given by Fortune Business Insights™ in a recently published report, titled, Military Personal Protective Equipment (PPE) Market Size, Share and COVID-19 Impact Analysis, By Product Type (Advanced Combat Helmet, Life Safety Jacket, Protective Eyewear, Body Armor, Tactical Vest, and Pelvic Protection System), By Application (Ground, Airborne, and Naval), and Regional Forecast, 2020-2027.” The report further states that the global military personal protective equipment market size was USD 16.61 billion in 2019 and is projected to reach USD 25.63 billion by 2027, thereby exhibiting a CAGR of 6.02% during the forecast period.

Key Players Focus on Bagging Orders from Defense Forces to Intensify Competition

The companies operating in the market are investing huge sums in the research and development activities to create unique military PPE kits. They are incorporating those with novel technologies, such as sensors, biometrics, and artificial intelligence (AI). Some of the reputed companies are also trying to receive new orders from the defense forces for their in-house products. Below are a couple of the latest industry developments:

  • March 2020: The U.S. Department of Defense awarded a contract worth USD 111.1 million to Ceradyne for delivering body protection plates to the U.S. Army and Air Force. These plates are majorly used in the tactical vests of military personnel.
  • March 2018: BAE Systems won two contracts from the U.S. Army worth USD 97 million to provide new thermal weapon sights and night vision goggles. These will help soldiers to covertly and efficiently acquire targets in all lighting and weather conditions.

Gain More Insights into the Military PPE Market Research Report:

https://www.fortunebusinessinsights.com/military-personal-protective-equipment-ppe-market-103131

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Read Related News:

https://www.globenewswire.com/news-release/2020/06/30/2055698/0/en/Military-Personal-Protective-Equipment-Market-Size-to-Hit-to-USD-25-63-billion-by-2027-Development-of-Lightweight-Body-Armor-to-Boost-Military-PPE-Industry-Growth-Fortune-Business-.html

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