Body Armor and Personal Protection Market to Grow at 4.61% CAGR: N. America and APAC to Drive Growth by 2026
PUNE, India, October 28, 2016 /PRNewswire/ --
The Global Body Armor and Personal Protection Market 2016-2026 report says demand for body armors and personal protection equipment is expected to be driven by modernization initiatives undertaken by various large defense spenders across the world and internal security threats, such as terrorism and organized crime, police modernization programs.
Complete report on Global Body Armor and Personal Protection Market spreads across 147 pages, analysis 12 leading companies and provides an in-depth analysis at http://www.rnrmarketresearch.com/the-global-body-armor-and-personal-protection-market-2016-2026-market-report.html.
Countries are focusing on manufacturing better solutions such as ballistic inserts, lightweight under suits, advanced night vision equipment, and combat helmets that provide benefits of comfort, lighter weight, and enhanced protection to the ground forces
The Global Body Armor and Personal Protection Market 2016-2026 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for body armors and personal protective equipment, key market trends, and challenges faced by industry participants.
The global body armor and personal protection market is expected to grow at a CAGR of 4.61% over the forecast period. The market consists of five categories: Soft Armor, Hard Armor, Protective Headgear, Protective Clothing, and Boots. It is expected to be dominated by the Soft Armor segment, followed by Hard Armor and Protective Headgear. The North American region is forecasted to dominate the sector with a share of 24.3%, and the Asia-Pacific market is dominated by China, India, and Australia. Russia and the UK occupies a major market share in the European region. Order a Copy of Report at http://www.rnrmarketresearch.com/contacts/purchase?rname=735155.
Market Dynamics includes
Demand Drivers: Analysis of factors that trigger spending within the sector
Trends: Prevalent practices, industry consolidation and procurement patterns within the market
Technological Developments : New products, processes and innovations recently inducted within the sector
Key Challenges: Obstacles affecting sector growth
Companies Mentioned are BAE Systems, Honeywell International Inc, 3M, ArmorSource LLC, Combat Clothing Australia, Survitec Group Limited, Plasan Sasa Composite Materials, Anjani Technoplast Ltd, M Cubed Technologies, Sarkar Defence Solutions, Point Blank Body Armor Inc, Bates Footwear Inc.
Another related report is The Global Military Armored Vehicles and MRO Market 2016-2026. The global military armored vehicles and MRO market is expected to value US$22.5 billion in 2016, and will grow at a CAGR of 3.71%, to value US$32.4 billion by 2026.
The market is split into six segments: MBTs, IFVs, APCs, MRAPs, LMVs, and tactical trucks. IFVs will lead the market, with a share of 32.2%, followed by the MBT segment, accounting for a share of 25.8%. APC is projected to be the third largest segment with a share of 17.4%, followed by LMVs with a share of 11.1%. Tactical trucks and MRAPs are projected to capture 8.3% and 5.2% of the global market during 2016-2026. Complete Table of Content is Available at http://www.rnrmarketresearch.com/the-global-military-armored-vehicles-and-mro-market-2016-2026-market-report.html .
The Asia Pacific region is projected to lead the global armored vehicles and MRO market during 2016-2026, with a share of 26.8% of the global market. North America and Europe are also expected to account for a significant portion of the total military armoured vehicles and MRO market during the forecast period, with shares of 24.8% and 23.9% respectively.
Explore other reports on Defense Market at http://www.rnrmarketresearch.com/reports/public-sector/defense .
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