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Advanced Combat Helmet Market to Reach USD 3.64 Billion by 2027; Agreement between GENTEX and USSOCOM to Boost Market

June 26, 2020 | Aerospace & Defense

The global advanced combat helmet market size is predicted to reach USD 3.64 billion by 2027. The rising demand for innovative combat helmets with night-vision goggles (NVG), nuclear, biological, and chemical (NBC) defense equipment and communications packages will drive this market during the forecast period, mentioned in a report, titled “Advanced Combat Helmet Market Size, Share and Industry Analysis, By Material (Ballistic Fiber, Thermoplastic, and Metal), By Application (Military & Defense, and Law Enforcement), and Regional Forecast, 2020-2027” the market size stood at USD 2.31 billion in 2019 and is expected to exhibit a CAGR of 6.73% between 2020 to 2027.


Contract won by ArmorSource for Next Generation Ballistic Helmets


ArmorSource LLC, a major producer, and leader of ballistic helmets and Advanced Head protection products and accessories announced that it has received a contract of $17,3 million for Next Generation Ballistic Helmets for the U.S Airforce. The contract will include the manufacturing and delivery of up to 24,300 LGD Sniper Gen II Ballistic Helmets with delivery to the continental U.S. and outside the continental U.S. active duty Air Force security forces squadrons, which is due on Jan 8, 2023. The increasing demand for helmets and ballistic solutions by the United States Army and Marin Corps owing to the reinforcement of defense and law enforcement will have a positive impact on the market during the forecast period. Moreover, the increasing number of contracts by eminent companies for the supply of advanced combat helmets will consequently foster the growth of the market in the forthcoming years. For instance, in October 2019, GENTEX CORPORATION, a major manufacturer of high technology electronic products announced that it has signed a deal with U.S. Special Operations Command (USSOCOM) worth USD 95 million to provide Ops-Core® FAST SF Carbon Composite Helmet System


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/advanced-combat-helmet-market-103089


Rising Border Safety and Security to Accelerate Business Prospects


The growing requirement for a strong military and defense system due to escalated conflicts between several nations will be a vital factor in augmenting the growth of the market. The global security threats such as terrorist activities, border insurgencies, and border disputes will significantly foster the healthy growth of the market in the foreseeable future. The rising focus of manufacturers for the development of lightweight, cost-effective, and innovative army helmets with enhanced performance will enable speedy expansion of the market. The increasing defense budget in numerous emerging nations will consequently foster the healthy growth of the market. In 2019, the U.S.  government announced a defense budget of around USD 686.1 billion for improving the capability of armed forces. Emerging defense powers, such as China and India have increased their fudging for military modernization programs. The increasing crime rate and terrorist activities have led to increased military expenditure. Also, the rising concerns regarding homeland security will fuel demand for the market in the foreseeable future.


Launch of Cutting-edge Technologies by Major Companies to Incite Market Development


The major players in the market are focused on launching products with innovative technologies such as lightweight combat helmets with night vision, head-up displays, secure communication, and others. The advancement in technologies will favor the healthy growth of the market. The increasing emphasis on diversified product portfolio by companies will strengthen their position in the market. The increasing R&D for the development of innovative products will foster the healthy growth of the market in the forthcoming years. In addition, the ongoing contracts of companies will consolidate business and drive the industry.


The Report Lists the Main Companies in the Advanced Combat Helmet Market:



  • ArmorSource LLC (The U.S.)

  • BAE Systems (The U.K)

  • GENTEX CORPORATION (The U.S.)

  • Morgan Advanced Materials (The U.K)

  • Revision Military (The U.S.)

  • 3M (The U.S.)

  • MKU Limited (India)

  • Honeywell International Inc. (The U.S.)

  • Point Blank Enterprises Inc. (The U.S.)

  • DuPont (The U.S.)


Further Report Findings:



  • Regional Analysis: Asia-Pacific is expected to witness an exponential growth rate during the forecast period owing to the rising defense expenditure. The growing procurement of advanced combat helmets from countries such as China, India, and Japan will boost the growth of the market in the forthcoming years.

  • Leading Segment: The military & defense segment is expected to hold the largest share in the global market during the forecast period owing to the high demand for advanced combat helmet in the military and defense sector.


This Market is Segmented into:










































SEGMENTATION



   DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



By Material




  • Ballistic

  • Thermoplastic

  • Metal



By Application




  • Military & Defense

  • Law Enforcement



By Region




  • North America (The U.S., and Canada)

  • Europe (The U.K, Germany, France, Russia, and Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific)

  • Rest of the World (the Middle East & Africa, and Latin America)


Advanced Combat Helmet Market
  • PDF
  • 2019
  • 2016-2018
  • 200

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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