The advanced
protective gear and armor industry can be segmented into ancillary
components, thermal protective gear, armors and bullet resistant
equipments, and other chemical and biological materials. Ancillary
components include gloves, heads, respirators, etc. which accounts
for nearly 60% of the total advanced gear and armor market. The
industry is primarily driven by the fight against terrorism, and it
is unlikely to halt in the next six years due to the current
terrorist and geopolitical events. The demand for advanced gears and
armors is increasing due to technological advancement in industrial
areas, external and internal security threats, modernization,
territorial disputes, and shortage of available gears and armors. The
market is moving forward due to the innovations in products and
materials, improved safety levels and comfort, and advanced hybrid
designs.
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Research Report of Advanced Protective Gear and Armor Market :
Some of the factors
restraining the growth of this industry are standards and regulations
passed by military services and environmental regulatory authorities.
The major challenge faced by the industry is the designing of
lightweight armors for reducing the burden of soldiers. The supply
chain of the industry is very complex as each component of the supply
chain plays a vital role in the smooth functioning of the industry.
The supply chain includes government for setting standards and
regulations, manufacturers, fabricators, distributors and so on.
There is a huge growth opportunity in women armor designing and
manufacturing as this industry is still in its nascent stage.
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Geographically,
North America dominates the market for advanced gear and armor,
followed by Europe and the Asia-Pacific market. The global market for
advanced gear and armor is fairly consolidated so the growth of small
players is declining owing to frequent mergers and acquisitions in
the industry. The prominent market participants in the industry are
BAE Systems, Armor Source, Ballistic Body Armour, Ceradyne, Defense
Industries International, Alliant Techsystems Inc. (ATK), and Mine
Safety Appliances Company (MSA).
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