Transparency Market Research has published a new market report titled “Advanced Combat Helmets Market (By Application – Military & Defense and Law Enforcement Agencies) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2024,”the market in terms of revenue was valued at USD 1779.6million in 2015, is expected to reach USD 3075.7million by 2024, growing at a CAGR of 6.3% from 2016 to 2024..
Browse the full report at http://www.transparencymarketresearch.com/advanced-combat-helmet-market.html
The advanced combat helmet plays a vital role in protecting the soldiers in any combat situation by preventing the soldiers from critical head injuries. The advanced combat helmet is manufactured using the lightweight Kevlar fibers which reduces the weight of the helmet and increase the ballistic performance of the helmet. The demand for advanced combat helmet market is surging due to the increase in global warfare, terrorist’s activities, internal conflicts and riots, and cross border insurgencies. These factors are increasing the interest of global defense sector and law enforcement agencies to adopt the advanced combat helmet due to its enhanced ballistic characteristics. In addition, the rising need for the use of helmets with reduced weight, more ballistic and integrated latest technologies such as night vision cameras, scratch resistant glass shield and communication systems among others are boosting the advanced combat helmet market over the period from 2016 to 2024.
The advanced combat helmet market is segmented based on the application and geography. By application, the market for advanced combat helmet is further bifurcated as military & defense and law enforcement agencies. The military & defense segment dominates the market throughout the forecast period and is estimated to grow at CAGR of 5.8% from 2016 to 2024. The law enforcement agencies is expected to witness a rapid growth in the market for advanced combat helmet.
The rapid escalation in the terrorist activities and internal conflicts have compelled the global military & defense sector and law enforcement agencies to adopt the advanced combat helmet in order to protect the soldiers and law enforcement officers from blunt head trauma during any combat situation.
Geographically, the advanced combat helmet market has been further segmented in this report as North America, Europe, AsiaPacific, Middle East and Africa and Latin America. North America held the largest market share with more than 25% of the total market revenue in 2015. The U.S. was estimated to hold the largest market revenue with more than 60% of the overall revenue of North America market for advanced combat helmet. The research and development undertaken by the manufacturers in the U.S. are continuously focusing on the safety of the soldiers and law enforcement officers during any combat operations. The research and developments are being conducted in order to manufacture lightweight, more ballistic helmets which in turn will be comfortable to the soldiers and will protect them from any harmful incendiaries on a battleground. Mexico is predicted to be the fastest growing market in North America as the country is focusing on strengthening the military & defense forces and law enforcement agencies with more ballistic and robust technology helmets. Owing to this fact, 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, as Germany, France and the U.K. are expanding their military and defense forces and law enforcement officers. Another major driving factor for the growth of the market in Europe is the extensive research and development in the field of combat helmets with an objective to provide enhanced safety the soldiers and law enforcement officers during any combat operation. These factors are expected to boost the market for advanced combat helmet in Europe.
Asia Pacific is estimated to be the fastest growing region in the advanced combat helmet market, growing at a significant rater from 2016 to 2024. The countries such as China, Japan and India among others are investing substantial amount of money in procurement of advanced combat helmet in order to offer enhanced safety to the soldiers and law enforcement officers on the battleground. China held the largest market share in 2015 and India is estimated to be the fastest growing country in advanced combat helmet in Asia Pacific. 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.
Middle East and Africa is estimated to grow at a substantial pace as they are upgrading their existing combat helmet to advanced combat helmet with an objective to provide more ballistic helmet and offer a better situational awareness to the military & defense personnel and law enforcement officers. Saudi Arabia is projected to be the fastest growing county in the Middle East and Africa market for advanced combat helmet.
Latin America is also investing huge amounts to strengthen the military & defense troops and law enforcement officers with the advanced combat helmet to safeguard the nation’s border from any terrorist activities or cross border insurgencies or nation’s internal conflicts. This is leading the growth of advanced combat helmet in Latin America to propel over the forecast period from 2016 to 2024.
The report profiles 10 major players in the advanced combat helmet market globally and namely they are BAE Systems, Revision Military, Gentex Corporation, Honeywell International Inc., Ceradyne Inc., ArmorSource LLC, MKU Limited, Morgan Advanced Corporation PLC, Point Blank Enterprises Inc., and DuPont.
Global Advanced Combat Helmets Market, 2016-2024: By Application
- Military & Defense
- Law Enforcement Agencies
Global Advanced Combat Helmets Market, 2016-2024: By Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America