USD 1.25 billion
Report ID:
SQMIG20A2172 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
89
|Figures:
76
Military Gas Mask Market size was valued at USD 1.25 billion in 2019 and is poised to grow from USD 1.33 billion in 2023 to USD 2.2 billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).
Growing expenditure into the defense sector is also pushing the use and demand for military gas masks globally. Social unrest and increasing tension over the border dispute and security threats are the major reasons for increasing expenditure in the defense and military sector. The global military expenditure is increasing year on year and the top 3 countries with the highest expenditure on the military are the US, China, and India followed by UK and Russia. According to the Stockholm International Peace Research Institute SIPRI 2022, the US defense expenditure is expected to be greater than US$ 800 billion which is greater than 37% of the global expenditure followed by China which is expected to be greater than US$ 290 billion and accounted for more than 13% of the global defense expenditure. This shows the potential and growth of the military gas mask market. As the defense budget grows the expenditure on utility also increases and the military gas mask happens to be one of such utility and will propel the market growth during the analysis period.
US Military Gas Mask Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.25 billion
Largest Segment
Full-face mask
Fastest Growth
Full-face mask
Growth Rate
6.5% CAGR
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Military Gas Mask Market is segmented on the basis of mask type, product type, application, and region. Based on mask type, the military gas mask market is segmented into full-face gas masks and half-face gas masks. Based on product type, the Military Gas Mask Market is segmented into non-powered and powered. Based on application, the Military Gas Mask Market is segmented into chemical defense, biological defense, nuclear defense, and radiological defense. Based on region, the global Military Gas Mask market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Military Gas Mask Market Analysis by Mask Type
In 2021, the full-face mask segment has dominated the global military gas mask market and is expected to do the same during the analysis period. A full-face mask covers the complete face and provides complete face protection against harmful radiation and chemical components in the zone. Growing innovation in biological weapons and chemical weapons is alarming and increasing the demand for full-face military masks which will eventually propel the military gas mask market during the forecast period.
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North America held the biggest military gas mask market share in 2021, owing to the high demand for CBRN agent protection in the United States and Canada. The United States is a significant purchaser of gas masks and is also home to the majority of the world's main gas mask producers. The government is continually improving its military and first responder protection systems, which is expected to create money for the companies that supply the country with gas masks. For example, in March 2020, the US Department of Defense (DoD) announced that it had granted Avon Protection Systems a USD 245.9 million contract for the construction of M53A1 Chemical Biological Protective gas mask systems. Furthermore, the proposed FY21 military budget may permit the acquisition of 4,263 JSGPM Ground/Ship (M53A1) masks with blowers, training, initial spares, and entire package fielding to meet Army needs. During the projection period, such developments are expected to strengthen the North American region's market dominance.
The Asia Pacific region is expected to show tremendous growth in the military gas mask market during the analysis period. The rising defense budget in countries like China and India with growing border tension is the major reason for the defense expenditure growth in the region.
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Military Gas Mask Market Driver
Increasing awareness about the benefits of the military gas mask is driving the market.
Military Gas Mask Market Restraint
Cost of procurement and getting damages without being used for long.
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The military gas mask market is relatively fragmented, with a high level of competition. Few large players, like 3M Company, Honeywell International Inc., and RAE Systems Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Military Gas Mask Market Top Player’s Company Profiles
Military Gas Mask Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the growing threat of nuclear, biological, and chemical agents frequently endangers the health of first responders and military personnel, even if they just come into touch with the face tissues. As a result, full-face gas masks are becoming more common. North America held the biggest military gas mask market share in 2021, owing to the high demand for CBRN agent protection in the United States and Canada. The United States is a significant purchaser of gas masks and is also home to the majority of the world's main gas mask producers. The government is continually improving its military and first responder protection systems, which is expected to create money for the companies that supply the country with gas masks.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.25 billion |
Market size value in 2031 | USD 2.2 billion |
Growth Rate | 6.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Military Gas Mask Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Military Gas Mask Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Military Gas Mask Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Military Gas Mask Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Military Gas Mask Market size was valued at USD 1.25 billion in 2019 and is poised to grow from USD 1.33 billion in 2023 to USD 2.2 billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).
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Report ID: SQMIG20A2172
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