SURVIVAL SUITS MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics: Technology penetration in the Survival Suits

Rising safety concerns for personal protection in oil rigs is a major driver in the market. Regulatory bodies across the globe are improvising norms for the safety of people working in the oil rigs. For instance, according to the Norwegian Oil and Gas Association recommended guidelines, survival suits must be a dry suit and should be able to protect a person from thermal stress. Furthermore,  Advancements in technology used in survival suits is expected to drive growth of the survival suits market. For instance, development of outlast technology by Survival-One Limited, has pushed demand for the survival suits in the global market. This technology was originally developed by NASA for the protection of astronauts from temperature fluctuations in space. The outlast lining absorbs the heat excreted by the body, thereafter the heat is released by the survival suit when exposed to cold water. This suit is also embedded with antimicrobial layer, which is made of 99.9% silver that keeps material of survival suit clean and protected for longer duration.  .

Major restraining factor for the survival suit market is the suit sizing. The manufacturers adopt the universal size by utilizing the anthropometric data from the population sample. This method has failed to meet the requirements of diversity of body.