Market Overview:
The global military flotation device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for safety and security measures across different applications such as aircraft, naval ships, and others. Additionally, the increasing awareness about safety among civilians is also propelling the growth of this market. Based on type, the lifejacket segment accounted for a major share of the global military flotation device market in 2017. This segment is projected to grow at a CAGR of 5.8% during the forecast period owing to its high demand in different applications such as aircraft and naval ships.
Product Definition:
A military flotation device is a piece of equipment that helps people stay afloat in water. It may be a life jacket, a life raft, or some other type of flotation device. The importance of military flotation devices is that they help keep people safe when they are in water. They can prevent drowning and allow people to stay afloat until they can be rescued.
Lifejacket:
Lifejacket is a flotation device used to keep an individual or a group afloat in water. It can be used by people of all ages and physical abilities. Lifejackets are available in different sizes, shapes and weights depending on the age and ability of the user. The weight of the lifejacket determines how much energy it will take to swim using that lifejacket.
Buoyant Vest:
The buoyant vest is a flotation device used to provide buoyancy to an individual who cannot access water or cannot swim. The device consists of a neoprene bladder that is connected by tubes to diversified air compartments. These devices are light and easy to wear and have the ability of providing full body flotation for emergency situations such as being lost at sea, Lake or River bottom entrapment, etc.
Application Insights:
The aircraft application segment held the largest share of over 40.0% in 2017. The demand for military flotation devices is expected to increase owing to increasing incidences of seaplane crashes and aviation accidents that result in loss of life and property damage, thereby compelling the governments to adopt measures for saving lives such as providing MFDs at low cost. Moreover, rising adoption of these devices by aircrews on commercial aircraft is expected to drive growth during the forecast period.
The naval ships application segment accounted for a significant market share in terms of revenue as well as volume in 2017 due to high adoption rates among sailors across various navies worldwide including U.S.
Regional Analysis:
North America dominated the global military flotation device market in terms of revenue share in 2017. The U.S., which is at the forefront, has undertaken a number of initiatives to enhance its defense capabilities and ensure safety and security of its citizens across the globe. This region is home to several prominent players operating globally with an aim to provide high-quality products that meet customer requirements.
Asia Pacific regional market for GMD is anticipated to grow at a lucrative rate over the forecast period owing to increasing geopolitical tensions between major countries such as India and China, thereby driving demand for improved defense equipment including military floatsation devices (GMD). Moreover, rising terrorist threats across this region have led governments concerned towards enhancing their defense capabilities thus propelling product demand over the forecast period.
Growth Factors:
- Increasing demand for military flotation devices from the defense sector owing to increasing incidences of maritime warfare and terrorism
- Growing popularity of recreational water sports, such as swimming, surfing, and sailing is expected to boost the demand for military flotation devices over the forecast period
- Technological advancements in military flotation devices that offer enhanced safety and comfort features are likely to propel market growth over the next few years
- Rising awareness about the benefits of using military flotation devices among consumers is projected to fuel market growth during the forecast period
- Growing number of distributors offering a wide range of militay flotation device products is anticipated to create new opportunities for market growth in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Flotation Device Market Research Report
By Type
Lifejacket, Buoyant Vest, Flotation Aid, Others
By Application
Aircraft, Naval Ships, Others
By Companies
Absolute Outdoor Inc., Aqua Lung International, Erez Europe, Hutchwilco, Hydrodynamic Industrial Co. Ltd, International Safety Products., LALIZAS, Marine Rescue Technologies Ltd, Newell Brands Inc. (The Coleman Company Inc.), ACR Electronics (United Moulders Limited), Absolute Outdoor Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Military Flotation Device Market Report Segments:
The global Military Flotation Device market is segmented on the basis of:
Types
Lifejacket, Buoyant Vest, Flotation Aid, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aircraft, Naval Ships, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Absolute Outdoor Inc.
- Aqua Lung International
- Erez Europe
- Hutchwilco
- Hydrodynamic Industrial Co. Ltd
- International Safety Products.
- LALIZAS
- Marine Rescue Technologies Ltd
- Newell Brands Inc. (The Coleman Company Inc.)
- ACR Electronics (United Moulders Limited)
- Absolute Outdoor Inc.
Highlights of The Military Flotation Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lifejacket
- Buoyant Vest
- Flotation Aid
- Others
- By Application:
- Aircraft
- Naval Ships
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Flotation Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A military flotation device is a life-saving device that can be deployed to help save people from drowning. It consists of a container filled with water and air, which is attached to someone's body by straps. When the person goes under water, the flotation device helps them rise to the surface.
Some of the key players operating in the military flotation device market are Absolute Outdoor Inc., Aqua Lung International, Erez Europe, Hutchwilco, Hydrodynamic Industrial Co. Ltd, International Safety Products., LALIZAS, Marine Rescue Technologies Ltd, Newell Brands Inc. (The Coleman Company Inc.), ACR Electronics (United Moulders Limited), Absolute Outdoor Inc..
The military flotation device market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Flotation Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Military Flotation Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Military Flotation Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Military Flotation Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Military Flotation Device Market Size & Forecast, 2018-2028
4.5.1 Military Flotation Device Market Size and Y-o-Y Growth
4.5.2 Military Flotation Device Market Absolute $ Opportunity
Chapter 5 Global Military Flotation Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Military Flotation Device Market Size Forecast by Type
5.2.1 Lifejacket
5.2.2 Buoyant Vest
5.2.3 Flotation Aid
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Military Flotation Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Military Flotation Device Market Size Forecast by Applications
6.2.1 Aircraft
6.2.2 Naval Ships
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Military Flotation Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Military Flotation Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Military Flotation Device Analysis and Forecast
9.1 Introduction
9.2 North America Military Flotation Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Military Flotation Device Market Size Forecast by Type
9.6.1 Lifejacket
9.6.2 Buoyant Vest
9.6.3 Flotation Aid
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Military Flotation Device Market Size Forecast by Applications
9.10.1 Aircraft
9.10.2 Naval Ships
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Military Flotation Device Analysis and Forecast
10.1 Introduction
10.2 Europe Military Flotation Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Military Flotation Device Market Size Forecast by Type
10.6.1 Lifejacket
10.6.2 Buoyant Vest
10.6.3 Flotation Aid
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Military Flotation Device Market Size Forecast by Applications
10.10.1 Aircraft
10.10.2 Naval Ships
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Military Flotation Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Military Flotation Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Military Flotation Device Market Size Forecast by Type
11.6.1 Lifejacket
11.6.2 Buoyant Vest
11.6.3 Flotation Aid
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Military Flotation Device Market Size Forecast by Applications
11.10.1 Aircraft
11.10.2 Naval Ships
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Military Flotation Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Military Flotation Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Military Flotation Device Market Size Forecast by Type
12.6.1 Lifejacket
12.6.2 Buoyant Vest
12.6.3 Flotation Aid
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Military Flotation Device Market Size Forecast by Applications
12.10.1 Aircraft
12.10.2 Naval Ships
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Military Flotation Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Military Flotation Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Military Flotation Device Market Size Forecast by Type
13.6.1 Lifejacket
13.6.2 Buoyant Vest
13.6.3 Flotation Aid
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Military Flotation Device Market Size Forecast by Applications
13.10.1 Aircraft
13.10.2 Naval Ships
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Military Flotation Device Market: Competitive Dashboard
14.2 Global Military Flotation Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Absolute Outdoor Inc.
14.3.2 Aqua Lung International
14.3.3 Erez Europe
14.3.4 Hutchwilco
14.3.5 Hydrodynamic Industrial Co. Ltd
14.3.6 International Safety Products.
14.3.7 LALIZAS
14.3.8 Marine Rescue Technologies Ltd
14.3.9 Newell Brands Inc. (The Coleman Company Inc.)
14.3.10 ACR Electronics (United Moulders Limited)
14.3.11 Absolute Outdoor Inc.
