Military Helmet Market is projected to be worth USD 3.97 billion by 2033 and is anticipated to surge at a CAGR of 6.76%.
A military helmet, often known as a combat helmet, is a sort of personal armour meant to protect the wearer's head. Soldiers wear it during military trips or combat. Its purpose is to deflect or absorb the impact of bullets, shrapnel, or other threats. Military helmets constructed of materials suitable for Hard Armour technology are also lightweight, which can aid movement and lessen tiredness, providing battle troops with the energy they require to complete their task.
Global Military Helmet Market Driving Factors and Challenges
The increased budget allocation and expenditure by the world's main military forces is driving the global market for military helmets. This is due to the requirement for high-quality military equipment to fight sophisticated lethal weapons. Furthermore, the rise in border disputes and related violence necessitates the deployment of sufficient soldiers in military zones, which drives up demand for combat headgear. Another key reason for troop deployment is the rising insurgency, which is expected to increase product demand.
Furthermore, military helmets are used to mount a variety of military accessories such as a camera and a lamp, and each new model includes improved features such as night vision glasses. These considerations all contribute to the ongoing need for military helmets. Furthermore, as weapon technology advances in conflict, there is a need to improve head protection against ballistics, which is projected to benefit the market during the forecast period.
The comparatively high development cost associated with manufacturing the battle helmet is a significant impediment to market expansion. Combat helmet systems, which are more expensive than standard helmets, include night vision goggles and head-up displays. Furthermore, the failure of a few technologies, as well as the requirement for constant replacement, operate as market restraints.
Impact of COVID-19 on Global Military Helmet Market
The coronavirus (COVID-19) impact is causing severe supply challenges for key market participants worldwide in the financial year, and this effect will continue to have a large negative influence on the defense industry. COVID-19 has had an immediate impact on the military industry, causing a halt in production and significantly disrupted supply chains, restricting global advanced combat helmet market growth.
Military Helmet Market Key Players:
Various companies are focusing on organic growth strategies such as new product releases, product approvals, and other items such as patents and events. Acquisitions and partnership collaborations were among the inorganic development tactics observed in the market. These steps have cleared the way for market participants to grow their business and customer base. The following is a list of a few companies involved in the military helmet market.; ArmorSource, BAE, Gentex, Honeywell, ArmorWorks Enterprises, Ceradyne, Eagle Industries, Morgan Advanced Materials, Revision Military, Survitec Group, Safariland Group,UK Tactical.
Global Military Helmet Market Segmentation:
By Type: Based on the Type, Global Military Helmet Market is segmented as; Enhanced Combat Helmet, Lightweight Helmet, Modular Integrated Communications Helmet.
By Weight: Based on the Weight, Global Military Helmet Market is segmented as; Over 3 lbs, Up to 3 lbs.
By Material: Based on the Material, Global Military Helmet Market is segmented as; Advanced Aramid Fibre, Original Aramid Fibre Kelvar, UHMWPE Fibre.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.