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Global Personal Protective Equipment Market for Aerospace and Aviation Industry - Analysis, Technologies & Forecasts to 2021 - Driven by Robust Growth in Aerospace Industry - Research and MarketsDUBLIN, Apr. 18, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Personal Protective Equipment Market for Aerospace and Aviation Industry 2017-2021" report to their offering. The global PPE for aerospace and aviation industry to grow at a CAGR of 3.50% during the period 2017-2021. One trend in market is advances in technology. The global PPE market is characterized by continuous improvement in design and features. Technology is expected to be the driving force for growth in this market. Manufacturers in the market are focusing on introducing integrated PPE with smart features such as Bluetooth, sensors, and wireles technologies for workers in extreme work conditions. Vendors are also expected to incorporate app-based services for worker protection, equipment replacements, and quick-response situations. Such smart solutions also provide timely backups of worker data and help monitor the tasks carried out by the worker. According to the report, one driver in market is robust growth in global aerospace industry. The global aerospace industry is expected to grow rapidly, after facing a rather sluggish growth in 2014 and 2015. This was due to the decelerated growth in the economy of countries such as Brazil and Russia in 2015, combined with a structural shift in the Chinese economy. The dip in oil prices had a positive impact on travel demand, which benefited airlines, aircraft manufacturers, and part suppliers. The exhibit given below highlights the decline in the global aerospace industry and its recovery in 2015. The growth is attributed to stable growth in GDP, low prices of crude oil, and increasing demand for passenger travel in the commercial sector of the aerospace industry. Key vendors
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Key Topics Covered: PART 05: Market landscape PART 07: Geographical segmentation PART 10: Market trends Media Contact: Research and Markets |