The new report by Expert Market Research titled, ‘Global Military Helmet Market Share, Report and Forecast 2023-2028’, gives a comprehensive analysis of the global military helmet market. The market is assessed based on its segments like types, material, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Military Helmet Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 2.1 billion
• Forecast CAGR (2023-2028): 5.53%
• Forecast Market Size (2028): USD 2.90 billion
|Market Size in 2022||USD 2.1 billion|
|Revenue Forecast in 2028||USD 2.90 billion|
|Growth Rate CAGR||5.53%|
|Major Players||Safariland, LLC, MKU Limited, 3M Company, BAE Systems Plc, Eagle Industries, Gentex Corporation, ArmorSource LLC, Honeywell International, Others|
Due to the presence of significant important players in the area, North America is likely to account for the highest share of the global market for military helmets. This is also due to the contractual advantages that private players in the United States enjoy.
The US has one of the largest military budgets in the world, and the country’s financial resources and technological capabilities contribute to the regional market’s expansion. Furthermore, the most advanced military helmets are manufactured for the US armed services, which is expected to contribute significantly to overall market growth.
The lightweight helmet sector has the biggest market share by type, owing to the universal necessity for a standard helmet among all soldiers. Military troops wear these helmets to protect their heads during training or friendly trips. Based on the material, the original aramid fibre Kevlar category is likely to hold a significant market share.
Military Helmet Industry Definition and Major Segments
A military helmet, often known as a combat helmet, is a protective headgear that forms a part of personal armour. Soldiers wear it during military trips or combat. Bullets, shrapnel, and other threats are deflected or absorbed by this device.
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The market can be broadly categorized on the basis of material, into:
• Original Aramid Fibre Kevlar
• UHMWPE Fibre
• Advanced Aramid Fibre
On the basis of type, military helmets are divided into:
• Lightweight Helmet
• Enhanced Combat Helmet
• Modular Integrated Communications Helmet
Based on regional market, the military helmets are divided into:
• North America
• Asia Pacific
• Latin America
• Middle East
Military Helmet Market Trends
The increasing budget allocation and expenditure by major military forces throughout the world is driving the global market for military helmets. This is due to the requirement for high-quality military equipment to combat sophisticated lethal weapons. Additionally, the surge in border disputes and related violence necessitates the deployment of sufficient soldiers in military zones, driving up demand for combat headgears.
Another important reason for the deployment of soldiers is the escalating insurgency, which is likely to raise product demand. Military helmets are also used to mount a variety of military accessories such as cameras and lamps, and each new model includes improved features such as night vision glasses.
These factors all help to keep the demand for military helmets high. As weapon technology advances in warfare, there is a greater need to improve head protection against ballistics, which is projected to benefit the market throughout the forecast period.
Key Market Players
The major players in the market are:
- Safariland, LLC
- MKU Limited
- 3M Company
- BAE Systems Plc
- Eagle Industries
- Gentex Corporation
- ArmorSource LLC
- Honeywell International
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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