USD 19.4 Billion Body Armor and Personal Protection Global Market is Expected to reach by 2022
Albany, NY (PRWEB) July 29, 2014
"The Global Body Armor and Personal Protection Market 2012-2022” offers the reader detailed analysis of the global body armor and personal protection market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.
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The demand for body armor and personal protection equipment is anticipated to be driven by internal and external security threats, territorial disputes, modernization initiatives, technological innovations, and a general shortage of body armor across the world. Cumulatively, the global market is expected to value US$19.4 billion during the forecast period. The market is expected to be dominated by North America, followed by Europe and Asia-Pacific. Despite the economic downturn in Europe, the region's share of the global market is projected to increase during the forecast period due to the scheduled deployment of various modernization programs that have been initiated in previous years.
The global body armor and personal protection market is currently characterized by rapidly growing demand and not enough supply. Since combat operations began in Iraq and Afghanistan, the US and allied forces have borne the brunt of frequent and deadly attacks from insurgents using various weapons such as improvised explosive devices (IED), mortars, rocket launchers, and increasingly lethal ballistic threats.
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“The Global Body Armor and Personal Protection Market 2012-2022” provides detailed analysis of the current industry size and growth expectations from 2012 to 2022, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
The report provides detailed analysis of the market for body armor and personal protection during 2012-2022, including the factors that influence why countries are investing or cutting defense expenditure. It provides detailed expectations of growth rates and projected total expenditure.
Ceradyne, Protective Products Enterprises, BAE Systems, Ballistic Body Armour, Combat Clothing Australia, ArmorSource, Honeywell, Survitec Group, Plasan Sasa Composite Materials, Anjani Technoplast, M Cubed Technologies, Sarkar Defence Solutions, Point Blank Body Armor, Defense Industries International, TenCate Advanced Armour
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The body armor that most forces around the world wear in combat zones is effective against ballistic threats but the loads that dismounted soldiers and marines carry on patrol are very heavy, and a large portion of this load can be attributed to body armor. In order to tackle these weight issues, the National Defense Authorization Act for Fiscal Year 2011 includes a mandate for a federally funded research and development program aimed at conducting a study of processes by which body armor can be lightened. In recent years, industry participants have also been carrying out similar programs, concentrating on reducing the weight of the torso armor as most of the body armor weight is in protecting the torso area of the body.
The US military is developing new body armor for female troops to provide them with increased protection on the battlefield. The new outfit is tailored specifically for the female form and consists of more curves in the chest and hips, shorter torsos, and narrower shoulders. The improvements to the existing armor follow concerns about the gear being raised by female soldiers of the 101st Airborne Division, which was deployed to war in 2009.
One of the major areas of emphasis for armies across the world is reducing the weight of body armor and other personal protection equipment used by their troops in combat. Scientists are continuously looking at new materials and composites that offer enhanced protection with less weight. For example, the US Marine Corps is fielding a new helmet that offers 6% more fragmentation protection and the ability to stop 9 mm rounds. It weighs 3 pounds and is about a half-pound lighter than the previous Kevlar helmet being used by the army.
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Commercial aircrafts market worldwide has witnessed a surge in demand for new and advanced aircrafts, largely influenced by entry of new airlines and network expansion by existing airlines. Other factors, such as replacement of obsolete aircrafts and demand for fuel-efficient aircrafts, rise in air passenger traffic, and healthy economic growth exhibited by emerging markets, among the others, are expected to further influence the demand for commercial aircrafts during the forecast period.
This report provides analysis of the commercial aircraft market with growth forecast for the period 2013 – 2019, wherein market is analyzed from varying parameters, such as by component, jet engine type, and by aircraft type.
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Global Military Infrastructure And Logistics Market 2014-2024
The global Military Infrastructure and Logistics market is expected to experience a CAGR growth of 1.03% during 2014-2024. North America and Asia Pacific regions are expected to be the largest Military Infrastructure and Logistics markets, with a cumulative market share of more than 38%. The Infrastructure Construction segment expected to dominate the Military Infrastructure and Logistics market, with a share of 59.9%.
Increased focus on building and upgrading military bases, ammunition storage facilities and facilities management is expected to channel more funds towards the sector.
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