Published: Apr, 2017
The completion in the advanced combat helmet market is exponentially high owing to the presence of leading players such as 3M Company, Point Black Enterprises Inc., DuPont, Honeywell Inc., and BAE Systems, says Transparency Market Research (TMR) in a research report. Most of the players in the market are well established in the market with a wide distribution channel and strong technical team. To maintain their leading position in the global market, the players are investing huge sums of money in research and develop projects for developing innovative and new ballistic helmets for offering the best possible product to consumers.
The leading manufacturers in the global advanced helmet market are partnering with several key vendors as well as emerging players in order to enhance to enhance their current technology and reduce the weight the current products. For instance, the partnership between ArmorSource LLC and Eye Tactical. Leading companies are also conducting researches for the purpose of offering soldiers and law enforcement officers with comfortable and ballistic helmet on the battlefield. Some of the players operating in the market are ArmorSource LLC, Gentex Corporation, Ceradyne, Inc., BAE Systems, MKU Limited, Revision Military, and DuPont.
According to a TMR analyst, “The global market for advanced combat helmet is expected to expand at a 6.3% CAGR from 2016 to 2024. The market is expected to rise to US$3.07 bn by 2024 from a valuation of US$1.88 bn in 2016.”
Military and Defense to Emerge as Leading Application Segment
Based on application, the global advanced combat helmet market is bifurcated into military and defense and law enforcement agencies. In terms of consumption, military and defense led the market in 2015 and is likely to maintain a dominant position until 2024 rising at a CAGR of 5.8%. Military and defense personnel are responsible for safeguarding a country from unexpected internal and external threats and also to protect the country’s border from enemies. In battlegrounds, soldiers tend to face severe situations and at times even encounter head injuries. In order to protect the soldiers or defense personnel from severe head injuries that can even cause brain trauma, advanced combat helmet is developed. Soldiers and defense personnel should be well equipped with body armor, combat helmets, and shoes along with modern weapons. Advanced combat helmets prevents mortar shrapnel, flying glass, and explosive fragments form hurting a soldier on the battleground. Thus, these advantages are likely to fuel the adoption of advanced combat helmet in the military and defense sector.
Region-wise, the global market for advanced combat helmet is classified into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Amongst these, North America emerged dominant with a share of 29.49% in the global advanced combat helmet market in 2015. It is expected to retain a dominant position until the end of the forecast period.
High Security Threats to Trigger Rate of Adoption
With security threats and terrorist activities rising at an exponential rate across the globe, leading to soldiers facing severe situations to protect their countries. This has resulted in a substantial increase in the use of body armor and helmets for the protection of defense personnel. Furthermore, internal conflicts and riots have also risen, thus hampering the growth and development activities of a country. In order to prevent these conflicts and riots, law enforcement personnel must be equipped with the latest gears and technologies. These factors are likely to boost the deployment of advanced combat helmet.
This review is based on a Transparency Market Research report titled, “Advanced Combat Helmet Market (Application - Military and Defense and Law Enforcement Agencies) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Key segments of the Global Advanced Combat Helmet Market
Global Advanced Combat Helmet Market, 2016-2024: By Application
- Military & Defense
- Law Enforcement Agencies
Global Advanced Combat Helmet Market, 2016-2024: By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America
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