The global advanced combat helmet market is predicted to reach USD 3.64 billion by 2027,exhibiting a CAGR of 6.73% between 2020 to 2027. The increasing robust R&D investment by market players for the development of cost-effective and lightweight combat helmets can be an essential factor in augmenting the growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Advanced Combat Helmet Market Forecast, 2020-2027” the market size stood at USD 2.31 billion in 2019.
The report uncovers following points:
Renowned insights into the industry
Important data with in-depth research
Factors exhibiting market growth
A comprehensive study about main regions
COVID-19 impact on the market
Prime developments in the industry
Introduction of Technologically Advanced Combat Helmets to Boost Growth
The growing military and defense expenditure for enhanced soldier safety and combat tactical advantage will increase the demand of the market during the forecast period. The rising border disputes, terrorist activities, andnational security threatswill have a tremendous effect on the market in the forthcoming years. The increasing focus of manufacturers towards the development of lightweightand fireproof army helmets with improved protection will subsequently boost the growth of the market. For instance, in 2019, JARVISH Inc, a leader in smart 5G+AI+AR wearable devices announced the introduction of augmented reality (AR) smart combat helmet system after receiving approval from Taiwan's NCSIST (National Chung-Shan Institute of Science and Technology). The advanced AR helmets are equipped with transparent heads up display, 4k night vision camera, AI-assisted threat detection, and situational awareness, an intrinsically safe military-grade battery, and long-range broadband ad hoc communication. In addition, the increasing emphasis of various countries on public safety & law enforcement, disaster management & first responders, along with government critical infrastructure security will foster healthy forthcoming years.
March 2018:3M, an American multinational conglomerate signed a contract of USD 34 million with the U.S. Army for the supply of ballistic helmet.
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.)