Advanced Protective Gear and Armor Market Size is Projected to Grow at 7.4% CAGR by 2030

The overall advanced protective gear and armor market opportunity is determined by understanding profitable trends to gain a stronger foothold.

WILMINGTON, DE, UNITED STATES, December 16, 2024 /EINPresswire.com/ -- Allied Market Research recently published a report, titled, "Advanced Protective Gear and Armor Market by End-use Industry (Industrial, Oil & Gas, Law Enforcement, Healthcare, Construction, and Other), User (Industrial and Personal), and Type (Thermal, Chemical or Biological, Ballistic, and Other): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global advanced protective gear and armor industry was pegged at $12.13 billion in 2020, and is expected to reach $26.54 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 (290 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭 https://www.alliedmarketresearch.com/request-sample/12740

Drivers, restraints, and opportunities

Rise in terrorist activities and warfare situations across the world and strict laws & regulations about work environment safety have boosted the growth of the global advanced protective gear and armor market. However, low safety compliance in the construction industry and availability of poor quality and low-cost products hinder the market growth. On the contrary, surge in military expenditure to acquire body armor and technological advancements in protective gear and armor products are expected to open new opportunities for the market players in the future.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐭 https://www.alliedmarketresearch.com/request-for-customization/12740

The oil and gas segment held the lion's share

By end-use industry, the oil and gas segment held the largest share in 2020, accounting for nearly one-fourth of the market, due to high demand for advanced protective gear in the oil & gas industry. However, the healthcare segment is expected to showcase the highest CAGR of 9.0% during the forecast period, owing to surge in demand for protective equipment in the healthcare sector across the globe.

The chemical or biological segment to portray the highest CAGR through 2030

By type, the chemical or biological segment is projected to register the highest CAGR of 8.0% during the forecast period. Moreover, the segment dominated the market in terms of revenue, contributing to around two-fifths of the total market share in 2020, due to high chances of exposure to harmful chemical or biological substances. The report includes analysis on other segments such as thermal, ballistic, and other.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐓𝐡𝐞 𝐃𝐚𝐭𝐚? 𝐆𝐞𝐭 𝐈𝐭 𝐍𝐨𝐰 𝐚𝐭 https://www.alliedmarketresearch.com/advanced-protective-gear-and-armor-market/purchase-options

Asia-Pacific, followed by North America, held the largest share

By region, the market across Asia-Pacific, followed by North America, held the lion's share in 2020, contributing to around one-third of the market. Moreover, the region is anticipated to showcase the highest CAGR of 9.1% from 2021 to 2030, due to rise in investments to ensure high safety of the industrial workforce across several countries in the region.

Major market players

ArmorSource LLC
BAE Systems plc
Avon Rubber P.L.C.
DuPont De Nemours, Inc.
Bolle Safety Standard Issue
Honeywell International Inc.
Galls, LLC
Northrop Grumman Corporation
MSA Safety Incorporated
Point Black Enterprises Inc.

Key Benefits For Stakeholders
This study presents analytical depiction of the global advanced protective gear and armor market analysis along with current trends and future estimations to depict imminent investment pockets.

The overall advanced protective gear and armor market opportunity is determined by understanding profitable trends to gain a stronger foothold.

The report presents information related to key drivers, restraints, and opportunities of the global advanced protective gear and armor market with a detailed impact analysis.
The current advanced protective gear and armor market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐚𝐧𝐝 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
𝐀𝐢𝐫𝐛𝐨𝐫𝐧𝐞 𝐅𝐢𝐫𝐞 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/airborne-fire-control-radar-market
𝐀𝐢𝐫𝐛𝐨𝐫𝐧𝐞 𝐒𝐞𝐧𝐬𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/airborne-sensors-market-A16504

David Correa
Allied Market Research
+ +1 800-792-5285
email us here
Visit us on social media:
Facebook
X