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Global Military Helmet Market to Grow at a CAGR of 5.53% During 2022-2027, Aided by the Increasing Military Expense Worldwide

According to a new report by EMR titled, ‘Global Military Helmet Market Report and Forecast 2022-2027’, the market attained a value of above USD 2.1 billion in 2021. The industry is further expected to grow at a CAGR of 5.53% between 2022 and 2027 to reach a value of more than USD 2.90 billion by 2027.

Regionally, the global market for military helmet is dominated by North America primarily due to the presence of major market leaders. Additionally, the United States, commanding one of the most advanced militaries in the world, has high military expenditure and equips its soldiers with the most advanced combat helmets. Moreover, North America creates a high demand for military helmets, primarily because of the high number of military operations performed by the armed forces of the region. Some of the key players operating in the global market include Gentex Corporation (NASDAQ: GNTX) and Honeywell International Inc (NASDAQ: HON).

Based on its type, the lightweight helmet segment is expected to account for a major share of the market due to its extensive use during training, expeditions, or military exercises. These helmets are designed to protect the head against impacts. However, the enhanced combat helmet segment is projected to witness the fastest growth during the forecast period. Meanwhile, the market is dominated by the original aramid fibre Kevlar segment, by type. These helmets are lighter and thinner than the ones made of conventional material.

In 2020, the Indian Army announced the procurement of 100,000 ‘AK-47 protected’ helmets to replace the conventional ‘bulletproof patka’ which has been in service since the 1990s. It became one of the world’s largest procurements of these specialised ballistic helmets.

In November 2021, a group of researchers at Rice University received a grant of $1.3 million from the Office of Naval Research to create the world’s first printable military “smart helmet” using industrial-grade 3D printers.

Market Analysis by Type, Material, and Region:

  • The market on the basis of type can be divided into lightweight helmet, enhanced combat helmet, and modular integrated communications helmet.
  • Based on material, the industry can be divided into original aramid fibre Kevlar, UHMWPE fibre, and advanced aramid fibre.
  • The regional markets for military helmet include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increase in military expenses on personal equipment to enhance the protection of soldiers is a major driving factor for the market growth.
  • The rising armed conflicts in disputed parts of the globe and resultant deployment of forces have bolstered the growth of the military helmet industry.
  • The rising insurgencies and the several military operations conducted by armed forces call for state-of-the-art military grade helmets.
  • Advancing technologies and requirement of accessories that can be mounted onto military helmets are paving the way for new and better models of military helmets, which is a crucial factor driving the product demand.
  • The changing scenario of warfare that consistently introduces new and advanced weapons also calls for corresponding change in the level of protection a headgear offers, which is expected to benefit the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for military helmet for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, materials, and regions of military helmet.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global military helmet market are Safariland, LLC, MKU Limited, 3M Company, BAE Systems Plc, Eagle Industries, Gentex Corporation, ArmorSource LLC, and Honeywell International Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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