Global Advanced Combat Helmet Market: Snapshot
The global advanced combat helmet market is largely driven by the growing need of governments and defense agencies to provide better standards of soldier safety and combat tactical advantage in the face of growing global security threats such as terrorist attacks, border insurgencies, and internal conflicts. The defense sector is heavily adopting advanced combat helmets in order to protect their soldiers and law enforcement officers from head injuries caused from gunshots, IED explosions, and shrapnel. In addition, the demand for helmets integrated with the best vision and communication technologies is also increasing. Features such as night vision cameras that offer better situational awareness in the dark or in any difficult situations are becoming more of a necessity. The demand for these integrated technologies is also boosting the global market for advanced combat helmet.
In terms of revenue, the global advanced combat helmet market was valued at US$1.7 bn in 2015, and is expected to reach US$3.0 bn by 2024, after expanding at a CAGR of 6.3% from 2016 to 2024.
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North America Bags Top Demand Volume for Advanced Combat Helmets
Geographically, the global advanced combat helmet market has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Of these key regions, North America held the leading share in the global advanced combat helmet market: more than 25% of the total market revenue, in 2015. The U.S. was estimated to hold the top market volume with more than 60% of the overall revenue of North America market for advanced combat helmet for the same year. The research and development effort undertaken by manufacturers in the U.S. is continuously focusing on the safety of the soldiers and law enforcement officers during any combat operations. It is allowing players to manufacture lightweight and increasingly tactile helmets. Mexico is predicted to grow at an exceptionally fast pace in North America as the country is increasingly focusing on strengthening its military and defense forces with better technologies in general. Owing to these facts, the market for advanced combat helmet in North America is estimated to propel over the forecast period.
The advanced combat helmet market in Europe is estimated to grow at a substantial pace through Germany, France and the U.K. and their expansive activities in military and defense. Asia Pacific, on the other hand, is estimated to be the leading region in terms of growth rate in the advanced combat helmet market over the coming years. China, Japan, and India above all are investing substantially in the procurement of advanced combat helmets that can offer enhanced safety to the soldiers. China lead the Asia Pacific advanced combat helmet market share in 2015 and India is estimated to be the faster growing country in terms of demand. The increase in investments in the defense sector and law enforcement agencies are expected to boost the market for advanced combat helmet in Asia Pacific during the forecast period from 2016 to 2024.
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Military and Defense Applications of Advanced Combat Helmets at All-time High
Based on applications, the global advanced combat helmet market can be segmented into military and defense, and law enforcement agencies. The military and defense segment us the leading consumer of advanced combat helmets, due to the growing global warfare and terrorist activities and borders insurgencies, while the law enforcement agencies are also adopting advanced combat helmets at a fast pace. Due their rapid adaptation rates, the law enforcement agencies are estimated to be growing swiftly in their demand within the global advanced combat helmet market.
The key players in the global advanced combat helmet market so far, have been ArmorSource LLC, BAE Systems, Gentex Corporation, Morgan Advanced Material PLC, Revision Military, Ceradyne Inc., MKU Limited, Honeywell International Inc., Point Blank Enterprises Inc., and DuPont.
Growing Demand for Advanced Features Drives Sales Opportunities in Advanced Combat Helmet Market
The world is experiencing remarkable growth in various security threats including border insurgencies, internal conflicts, and terrorist attacks. To combat these situations, the government bodies as well as defense agencies of many countries across the globe are growing investments in highly sophisticated equipment such as advanced combat helmets that offer soldier safety as well as ability to fight against various critical conditions.
The advanced combat helmets are gaining traction across the defense sectors of many worldwide nations. There is remarkable growth in the use of advanced combat helmets with an aim to offer protection to law enforcement officials and soldiers. These helmets hold ability to offer protection from head injuries due to IED explosions, shrapnel, and gunshots. Apart from this, these products are in high demand as they are equipped with the best communication and vision technologies in them.
Many advanced combat helmets offer advanced features such as night vision cameras. These cameras are useful in providing advanced situational alertness in the dark or in any critical situations. The global advanced combat helmet market is likely to experience promising expansion avenues on the back of rising demand for integrated technologies in all worldwide locations.
The onset recent COVID-19 pandemic has resulted into derailing the worldwide economy at noteworthy rate. As a result, the growth of many industrial sectors including the global advanced combat helmet market is expected to witness a break for short time period. The present pandemic can be felt across the market for advanced combat helmet. Vendors are expected to witness decline in demand. Apart from this, transportation and trade restrictions owing to strict lockdown guidelines compelled by many nations is expected to create numerous holes across the supply chain in the global advanced combat helmet market in forthcoming few months.
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