Press Release
Press Release
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.
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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.
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