Advanced Protective Gear and Armor Market Projected to Reach $26,548.16 Million in 2030, Registering a CAGR of 7.4%

PORTLAND, OREGAON, UNITED STATES, June 18, 2024 /EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled, “Advanced Protective Gear and Armor Market by End-use Industry, User, and Type: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global advanced protective gear and armor market was valued at $12.13 billion in 2020, and is projected to reach $26.54 billion by 2030, registering a CAGR of 7.4%.

Asia-Pacific dominates the market, in terms of revenue, followed by North America, Europe, and LAMEA. China dominated the global advanced protective gear and armor market share in Asia-Pacific in 2020, owing to increase in R&D activities, technological developments by big players, and rapid adoption of innovative technologies in making safer, convenient, and smart protective gear and armors. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in investments to ensure high safety of industrial workers across various countries in the region.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 & 𝐓𝐎𝐂 : https://www.alliedmarketresearch.com/request-sample/A12375

Various nations across the globe are providing advanced protective gear and armor to frontline workers to ensure their safety and improve the efficiency of their operations. Advanced protective gears are made from lighter and tougher materials, and improve the comfort and safety of individuals working in risk-prone environments. In March 2019, Odisha’s (Indian state) fire service decided to procure enough quantity of fire entry suits to allow firemen to walk into the blaze and perform rescue operations. Similarly, in July 2020, the Naval Sea Systems Command’s (NAVSEA) gave TenCate a N61331-20-D-0011 contract as an ID/IQ (Indefinite Delivery/Indefinite Quantity) to deliver maritime buoyant body armor (MBP), both in side and torso configurations.

By end-use industry, the advanced protective gear and armor industry is categorized into industrial, oil & gas, law enforcement, healthcare, construction, and other. The oil & gas segment accounted for the highest revenue in 2020, owing to high demand for advanced protective gear in the huge oil & gas industry present across various parts of the globe.

By type, the advanced protective gear and armor market is bifurcated into thermal, chemical or biological, ballistic, and other. The chemical or biological segment accounted for the highest revenue in 2020, owing to possibility of different kinds of injuries involved in the chemical or biological industry verticals.

Increasing terrorist activities and warfare situations around the globe and stringent laws & regulations regarding work environment safety are expected to drive the advanced protective gear and armor market during the forecast period. However, the supply of poor quality, low-cost products and low safety compliance in the construction industry are anticipated to hamper the growth of the market. Moreover, rise in military expenditure to acquire body armor and technological advancements in protective gear and armor products are expected to offer lucrative opportunities in future.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/advanced-protective-gear-and-armor-market/purchase-options

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :

The COVID-19 impact on the advanced protective gear and armor market is unpredictable and is expected to remain in force till the fourth quarter of 2021.

The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned/restricted the number of personnel in the factories for most of 2020. This led to sudden fall in demand for protective equipment and hampered the adoption of technologies, such as the use of smart sensors in protective gears, across the globe.

Moreover, nationwide lockdowns forced protective equipment manufacturing facilities to partially or completely shut their operations.

Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of advanced protective gear solutions globally.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 :

By end-use industry, the healthcare system segment is expected to register significant growth during the forecast period.

By user, the personal segment is anticipated to exhibit significant growth in future.

By type, the chemical or biological segment is projected to lead the global advanced protective gear and armor market, owing to higher CAGR as compared to other segments.

By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A12375

Key players operating in the global advanced protective gear and armor market include 𝐀𝐫𝐦𝐨𝐫𝐒𝐨𝐮𝐫𝐜𝐞 𝐋𝐋𝐂, 𝐀𝐯𝐨𝐧 𝐑𝐮𝐛𝐛𝐞𝐫 𝐏.𝐋.𝐂., 𝐁𝐀𝐄 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐩𝐥𝐜, 𝐁𝐨𝐥𝐥𝐞 𝐒𝐚𝐟𝐞𝐭𝐲 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝 𝐈𝐬𝐬𝐮𝐞, 𝐃𝐮𝐏𝐨𝐧𝐭 𝐃𝐞 𝐍𝐞𝐦𝐨𝐮𝐫𝐬, 𝐈𝐧𝐜., 𝐆𝐚𝐥𝐥𝐬, 𝐋𝐋𝐂, 𝐇𝐨𝐧𝐞𝐲𝐰𝐞𝐥𝐥 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐜., 𝐌𝐒𝐀 𝐒𝐚𝐟𝐞𝐭𝐲 𝐈𝐧𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞𝐝, 𝐍𝐨𝐫𝐭𝐡𝐫𝐨𝐩 𝐆𝐫𝐮𝐦𝐦𝐚𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐏𝐨𝐢𝐧𝐭 𝐁𝐥𝐚𝐜𝐤 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞𝐬 𝐈𝐧𝐜.

𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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