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Personal Floatation Devices Market Segmented By application such as Passenger and aircraft crew, Commercial Vessel, Government & Military, Water Sporting with Type such as Offshore Lifejacket, Near-shore buoyant vest, Flotation Aid, Throw able device, Others (Special use device)
A Personal floatation devices or life vest are designed to be used as a support for ensuring safe floating over water. It is a category of protective equipment, particularly for safety while boating, water sports and for emergency situations. A lifejacket holds a person upright and can turn the person completely from face-down to face-up.
While, a personal floatation device will retain floating position of persons but not essentially face-up. A personal floatation device is light in weight and less compact than a lifejacket. The personal floatation device is filled with foam to keep people warm in water and heat is uniformly distributed around the body.
Usually, off-shore life jacket uses in commercial craft, this jacket is designed to turn an unconscious person in the water to vertical or slightly reclining position. Near-shore buoyant vest flotation device is used for fast rescue operation owning to its lightweight. Flotation Aid are highly used for boating activity and water sports. There are also some specialized categories of personal floatation devices, primarily designed for navy and military uses.
Increasing demand from government marine agency and coast guards are driving the demand for global personal floatation devices market. The responsibilities of coast guards include safety of vessels, maintenance of sea-marks, and enforcement of maritime law, search and rescue. These life jackets are available to them in their boats and nearby places of work and include some additional features such as whistles, emergency lights, etc. Furthermore, increasing activities such as fishing, boating and water sports are also driving the demand for personal floatation devices market.
Lack of awareness related to types of use, weight limit and life jacket fit and incomprehensible performance rating may hinder the global personal floatation devices market.
Personal flotation devices manufacturing companies across the globe are focusing on developing devices addressing health issues i.e. mitigate the effect of secondary drowning, cold water shock and hypothermia.
Key Participants of the global personal floatation devices are following:
Asia-Pacific region is anticipated to experience relatively high growth opportunities during forecast period owning to increased coastal surveillance applications, security threats from sea routes, etc.
North America is also anticipated to hold a prominent foot hold in the global personal floatation devices market due to increasing water recreational activities and defense spending. Increasing concerns of countries towards establishment of innovative technology in coastal surveillance is leading to substantial growth prospects in personal floatation devices across the globe.
Furthermore, upcoming army and naval operations across the globe are expected to hike the global personal floatation devices market. Increasing tourism across regions is also anticipated to create demand for personal floatation devices across the regions.
The research report presents a comprehensive assessment of the personal floatation devices market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.