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The global advanced combat helmet market size stood at USD 2.48 billion in 2022. The market value is slated to rise from USD 2.62 billion in 2023 to USD 3.85 billion by 2030 at a CAGR of 5.7% during 2023-2030. The expansion is on account of the rising demand for lightweight combat helmets in military operations. In addition, the adoption of latest technologies in combat helmets is expected to propel market expansion over the forecast period.
Fortune Business Insights™ presents this information in its report titled, “Advanced Combat Helmet Market Size, Share and Russia/Ukraine War, By Material (Ballistic, Thermoplastic, and Metal), By Application (Protection, Communication, and Visual Assistance), By End User (Law Enforcement and Military), and Regional Forecast, 2023-2030”.
Escalation in Market Value Owing to Soaring Military Spending on account of the Russia-Ukraine War
The war between Russia and Ukraine led to an increase in the military expenditure of several countries. The situation resulted in a change in the balance of defense procurement. Some of the countries which escalated their defense spending constituted China, the U.S., the U.K., and Germany. These factors are touted to impel industry expansion over the study period.
U.S. Army Awards Avon Rubber a USD 93 Million Contract to Develop and Supply the Next-Gen Integrated Head Protection System
In September 2021, Avon Rubber p.l.c. was awarded a USD 93 million sole-source contract for the development and supply of the Next-Generation Integrated Head Protection System to the U.S. Army. The contract will follow on from the existing contract of low-rate initial production for the Integrated Head Protection System, which would end in 2021.
Rising Emphasis on Military Modernization to Propel Industry Growth
One of the vital factors impelling the advanced combat helmet market growth is the expansion of the homeland security, law enforcement officers, and military forces. This comes on account of surging terrorist activities, growing crime rate, cross-border issues, and rising political conflicts.
However, the industry expansion could be affected by issues pertaining to the malfunctioning some technologies and the need for regular replacement.
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https://www.fortunebusinessinsights.com/advanced-combat-helmet-market-103089
Soaring Adoption of Various Strategies by Pivotal Players to Expand Product Reach
Leading market participants are coming up with various strategies for the expansion of product reach and increasing their geographical footprints. These companies are also engaging in research activities for the development and launch of new products. Some of the other initiatives comprise partnership agreements, collaborations, and the formation of alliances.
Key Players Profiled:
Notable Industry Development
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 5.7% over 2023-2030 |
Unit | Value (USD Billion) |
Segmentation | By Material
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By Application
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By End User
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By Region
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