Increasing technological advancements coupled with increasing safety concerns of soldiers and security personals due to mounting security threat in homeland as well as in across boarders are the major factors supporting the growth of the market.
Global Advanced Combat Helmet Market Report, published by Variant Market Research, forecast that the global market was valued at $1.6 Billion in 2016 and expected to reach $3.0 Billion by 2024, growing at a CAGR of 7.9% from 2016 to 2024. In geographical segments, Asia-Pacific and North America are expected to grow at a CAGR of 9.5% and 7.6%, respectively, over the forecast period 2016 - 2024.
The global advanced combat helmet market is majorly driven by growing technological advancements coupled with growing safety concerns of soldiers, and security personals owing to mounting security threat in homeland as well as in across borders. Though, high cost of malfunctioning of few technologies and helmets may hamper the growth of the market.Additionally, developing countries and market expansion would provide opportunities in the coming years.
The global advanced combat helmet market has been categized into application and geography. Application segment comprises law enforcement and military & defense.
By applications, military & defense accounted for the maximum market share followed by law enforcement in the year 2016.
North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the regions covered in the report. Asia-Pacific is the fastest growing region in the global advanced combat helmet market, and is anticipated to continue this trend in the coming years, driven by rising consumer awareness, growing terrorist activities and warfare.
North America held the largest share of the market followed by Europe in the year 2016.
The key market players comprise Honeywell International Inc., DuPont, Morgan Advanced Material PLC, BAE Systems, Point Blank Enterprises Inc., ArmorSource LLC, Ceradyne Inc., MKU Limited, Survitec Group, and Eagle Industries, among others.
Scope of Advanced Combat Helmet Market
- Military & Defence
- Law Enforcement
- North America
- United Kingdom
- South Korea
- South America
- Middle East
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