Advanced Combat Helmet Market Size, Growth Insight, Share, Trends, Industry Key Players, Regional Forecast To 2027
The global advanced combat helmet market size is
predicted to reach USD 3.64 billion by 2027, exhibiting a CAGR of 6.73% between
2020 to 2027. The increasing robust R&D investment by market players
for the development of cost-effective and lightweight combat helmets can be an
essential factor in augmenting the growth of the market during the forecast
period states Fortune Business Insights in a report, titled “Advanced
Combat Helmet Market Size, Share and Industry Analysis, By Material (Ballistic
Fiber, Thermoplastic, and Metal), By Application (Military & Defense, and
Law Enforcement), and Regional Forecast, 2020-2027” the market
size stood at USD 2.31 billion in 2019.
List of the Leading Companies
Operating in the Advanced Combat Helmet Market are:
- ArmorSource
LLC (The U.S.)
- BAE
Systems (The U.K)
- GENTEX
CORPORATION (The U.S.)
- Morgan
Advanced Materials (The U.K)
- Revision
Military (The U.S.)
- 3M
(The U.S.)
- MKU
Limited (India)
- Honeywell
International Inc. (The U.S.)
- Point
Blank Enterprises Inc. (The U.S.)
- DuPont
(The U.S.)
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Market Driver:
Introduction of
Technologically Advanced Combat Helmets to Boost Growth
The growing military and defense expenditure for
enhanced soldier safety and combat tactical advantage will increase the demand
of the market during the forecast period. The rising border disputes, terrorist
activities, and national security threats will have a tremendous effect on the
market in the forthcoming years. The increasing focus of manufacturers towards
the development of lightweight and fireproof army helmets with improved
protection will subsequently boost the growth of the market. For instance, in
2019, JARVISH Inc, a leader in smart 5G+AI+AR wearable devices announced the
introduction of augmented reality (AR) smart combat helmet system after
receiving approval from Taiwan's NCSIST (National Chung-Shan Institute of
Science and Technology).
The advanced AR helmets are equipped with
transparent heads up display, 4k night vision camera, AI-assisted threat
detection, and situational awareness, an intrinsically safe military-grade
battery, and long-range broadband ad hoc communication. In addition, the
increasing emphasis of various countries on public safety & law
enforcement, disaster management & first responders, along with government
critical infrastructure security will foster healthy forthcoming years.
Regional Analysis:
Modernization Programs to
Enable Speedy Expansion Growth in North America
North America is predicted to rise excellently
during the forecast period owing to the increasing defense expenditure in the
US and Canada. The increasing R&D activities and military modernization
programs will consequently foster the growth of the market in the forthcoming
years. Asia Pacific is expected to witness a substantial growth rate in the
forthcoming years. The growth in the region is attributed to rising government
inclination towards border security. The rising demand for advanced combat
helmets in countries such as China, India, and Japan will further promote the
development of the market in the region. Similarly, the increasing cross-border
conflicts and terrorist attacks will impel countries to improve their military
programs, which in turn, will augur well for the market in Asia Pacific. Europe
is expected to grow rapidly due to the presence of major manufacturers in the
region. The ongoing development for enhanced and robust combat helmet will
subsequently boost the growth of the market.
Key Development:
March 2018: 3M, an
American multinational conglomerate signed a contract of USD 34 million with
the U.S. Army for the supply of ballistic helmet.
Detailed Table of Content:
- Introduction
- Research
Scope
- Market
Segmentation
- Research
Methodology
- Definitions
and Assumptions
- Executive
Summary
- Market
Dynamics
- Market
Drivers
- Market
Restraints
- Market
Opportunities
- Key
Insights
- Key
Industry Developments –Mergers, Acquisitions and Partnerships
- Latest
technological Advancements
- Porters
Five Forces Analysis
- Supply
Chain Analysis
- Quantitative
Insights- Impact of COVID-19 Pandemic on Global Combat Helmet Market
- Impact
of COVID-19 on Global Military Antenna Market
- Steps
Taken by Industry/Companies/Governments to Overcome the Impact
- Key
Developments In The Industry In Response To COVD-19 Pandemic
- Potential
Opportunities Due to COVID-19 Outbreak
TOC Continued…!!!
Browse Detailed Research
Insights:
https://www.fortunebusinessinsights.com/advanced-combat-helmet-market-103089
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