SOURCE: MarketResearch.com

MarketResearch.com

July 11, 2011 09:08 ET

Advanced Protective Gear & Armor Market to Reach $5.2 Billion in 2015

ROCKVILLE, MD--(Marketwire - Jul 11, 2011) - MarketResearch.com has announced the addition of the new report "Advanced Protective Gear and Armor," to their collection of Manufacturing & Construction market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6434109

The global market for advanced protective gear and armor was worth $4 billion in 2010 and the figure is expected to reach $5.2 billion in 2015 for a compound annual growth rate (CAGR) of 6.1%, between 2010 and 2015.

At the present time, the ancillary components make up about 59.8% of the total protective gear and armor market. This component dominates the market, generating an estimated $2.3 billion in 2010. This should reach $3 billion in 2015, for a CAGR of 5.7%.

Thermal protective market has the second largest share, worth $566 million in 2010. This should increase at a CAGR of 5.3% to reach $733 million in 2015.

Protective apparel and associated gear are undergoing growth in many sectors as a result of terrorist activities and related geopolitical events. Tracking and predicting growth related to these events, as well as examining offsetting growth factors, are major reasons for doing this study. Terrorism is unlikely to disappear within the 5-year horizon of this report or in the twenty-first century. Concentrations of individuals in ever more complex urban situations will continue and within this, setting fires (either structural or wildlands) will continue. The numbers and types of toxic materials in the workplace will continue to increase. Greater protection is deemed necessary for our armed forces, first responders, and industrial workers.

Revisions made to existing standards have compelled manufacturers to change some materials used in the production of some forms of personal protection equipment. Failure of some of the older materials to perform over the long term has initiated withdrawal from the market. There is a constant balancing of mobility vs. protection. While there is growth in many segments of the personal protective clothing market, the number of players in some segments of the industry is decreasing as a result of acquisitions.

Examining the situation in the marketplace, and reviewing the technological advances expected as a result of numerous parameters, are additional reasons why this study is important.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6434109

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