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.
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.
Get Free Sample
Report Copy :
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).
About Us :
Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather
and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
No comments:
Post a Comment