Product ID: SQMIG20A2172
Global Military Gas Mask Market Size, Share, Growth Analysis, By Mask type(Full face gas mask, Half face gas mask), By Product type(Non-powered, Powered), By Application(Chemical Defense, Biological Defense) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2172 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
89 |
Figures:
76
Global Military Gas Mask Market Insights
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 Military Gas Mask Market Report Snapshots
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