Market Size of Advanced Protective Gear and Armor Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 10.43 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Advanced Protective Gear & Armour Market Analysis
The advanced protective gear and armor market was estimated at USD 16.27 billion in 2020. The market is expected to reach USD 28.24 billion by the end of 2026, registering a CAGR of 10.43% during the forecast period (2021-2026).The advanced protective gear and armor market is expected to witness steady growth across the globe owing to the high frequency of terrorist activities and related geopolitical events.
- Though protective gear remains an integral part of the defense industry, it is not reflected in the expenditure on protective gear; only a small amount is allocated for the purchase of protective gear. It is heavily influenced by the demands from the warfighters and the homeland security requirements, further augmented by the increase in the number of incidents of domestic criminal activities, which has led to a dire need for protective equipment in law enforcement and first response activities.
- The evolution of wearables technology is further expected to boost the industry demand for advanced protective gears that are integrated with sensors and other assisting technologies, which can help report any vital stress signals and other information to signal the safety state of the employee. Leading manufacturers in the market have entered the developing economies to fuel the growth of brands, take advantage of the largely untapped potential, and exploit the opportunity to enhance their hold on the global protective gear and armor market
- Rapid advancements and breakthroughs in technology have compelled the companies in the industry to expand their range of offers. Emphasis on mobility and comfort has been a widely-accepted trend across the different manufacturing verticals as ease of movement is very critical in intense situations.
- Government policies and standards have re-instated the need for accountability in hazardous events or accidents at work sites. This has compelled corporates and multinationals to take initiatives by introducing personal protective equipment and clothing as part of the industry standard and norm.
- Moreover, rising demand for products offering comfort and style, increasing safety awareness across the industries are driving the market. However, increasing threat from low-cost and private label products, low safety compliance in the construction industry, dearth of innovation restraints product differentiation are restraining th market growth.
Advanced Protective Gear & Armour Industry Segmentation
Advanced protective gear and armor market comprises of all the protective gears such as headgears, eye gears, etc. and various sophisticated protective armor and suits used in industries, military to increase the security of a person. The stringent laws and regulations towards work safety environment set by the government have forced the employers to enhance the safety standards to minimize human causalities and provide a better working environment. Different products depending upon the type can be catered to various end-user verticals.
By Type | |
Thermal | |
Chemical/Biological | |
Ballistic | |
Other Types |
By Use | |
Industrial | |
Personal |
By End-user Vertical | |
Industrial | |
Oil & Gas | |
Healthcare | |
Law Enforcement | |
Construction | |
Other End-user Verticals |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East & Africa |
Advanced Protective Gear and Armor Market Size Summary
The advanced protective gear and armor market is poised for steady growth globally, driven by the increasing frequency of terrorist activities and geopolitical events. Despite being a crucial component of the defense industry, the expenditure on protective gear remains limited, primarily influenced by demands from warfighters and homeland security needs. The rise in domestic criminal activities has heightened the demand for protective equipment in law enforcement and first response sectors. The integration of wearable technology, such as sensors and assisting technologies, is expected to further boost demand by enhancing the functionality of protective gear. Manufacturers are expanding into developing economies to tap into untapped potential and strengthen their global presence. However, challenges such as low-cost competition, limited innovation, and low safety compliance in certain industries pose constraints to market growth.
The Asia-Pacific region is emerging as a significant growth area for the advanced protective gear and armor market, with China, Japan, and India leading the charge. The demand in these countries is driven by military, defense, and law enforcement sectors, supported by increasing defense budgets and a large workforce in these areas. The market is characterized by rapid technological advancements, emphasizing mobility and comfort, which are critical in high-stress situations. Stringent safety regulations and increased awareness among employers and workers are further propelling market growth. Key players in the market, including 3M Co., Kimberly-Clark Corporation, and Honeywell International Inc., are actively expanding their offerings and entering new markets to capitalize on growth opportunities.
Advanced Protective Gear and Armor Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Demand for Products Offering Comfort and Style
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1.2.2 Increasing Safety Awareness Across the Industries
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1.2.3 End-User Preferences for Ergonomic Equipment in Firefighter Personal Protective Equipment
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1.3 Market Restraints
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1.3.1 Increasing Threat from the Low-cost and Private Label Products
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1.3.2 Low Safety Compliance in Construction Industry
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1.3.3 Dearth of Innovation Restraints Product Differentiation
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Bargaining Power of Suppliers
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Thermal
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2.1.2 Chemical/Biological
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2.1.3 Ballistic
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2.1.4 Other Types
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2.2 By Use
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2.2.1 Industrial
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2.2.2 Personal
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2.3 By End-user Vertical
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2.3.1 Industrial
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2.3.2 Oil & Gas
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2.3.3 Healthcare
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2.3.4 Law Enforcement
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2.3.5 Construction
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2.3.6 Other End-user Verticals
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 Latin America
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2.4.5 Middle East & Africa
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Advanced Protective Gear and Armor Market Size FAQs
What is the current Advanced Protective Gear and Armor Market size?
The Advanced Protective Gear and Armor Market is projected to register a CAGR of 10.43% during the forecast period (2024-2029)
Who are the key players in Advanced Protective Gear and Armor Market?
3M Co., Kimberly - Clark Corporation, Honeywell Internation Inc., MSA safety Inc. and E.I Du Pont De Nemours and Company are the major companies operating in the Advanced Protective Gear and Armor Market.