Market Insights:
The market for Combat Helmet Market is anticipated to grow at a CAGR of 5.2% between 2020 and 2030, reaching USD 3.32 billion. The industry is expanding mostly due to rising cross-border disputes and rising defence spending. Additionally, the industry is being further stimulated by the advancement of combat helmet technology.
According to the Stockholm International Peace Research Institute (SIPRI), from 2018 to 2019, global military spending increased by 3.6% to about USD 1.91 trillion. The US, China, and India all raised their military expenditures during the same time period, by 5.3%, 5.1%, and 6.8%, respectively. In addition, India surpassed Saudi Arabia and Russia in 2019 to take the third-place spot among global defence spenders.
Despite a minor decrease in defence spending from 2010 to 2019, the US saw an increase in military spending in that year. For the next two years, it is anticipated that the US will spend much more on its military, with a focus on the modernisation of traditional technologies. Other developing nations, meanwhile, are planning to invest in cutting-edge technology and are concentrating on growing, modernising, and improving the capabilities of their armed forces. During the projected period, this is also anticipated to fuel the market for combat helmets.
Key Players:
Important Market Participants in the Combat Helmets Sector are as follows:, Avon Rubber Plc (UK), BAE Systems (UK), DuPont de Nemours Inc. (US), Safariland Group (US), ArmorSource LLC (US), Honeywell International Inc. (US), Revision Military Inc. (US), MKU Limited (India), Point Blank Enterprises (US), Gentex Corporation (US).
Market Segmentation:
The Combat Helmet Market Report is segmented by application and by material.
By Application:
In 2019, the Protection Segment held the most market share. The protection sector held the biggest market share and is anticipated to post a stable CAGR over the course of the study period. This is a result of combat helmets being widely used by military organisations around the world to protect wearers during combat scenarios from projectiles and other hazards.
The segment for visual assistance is anticipated to grow at the fastest rate: Throughout the projected period, a stable growth rate is anticipated for the visual assistance market. This is a result of the frequent use of helmets with visual aids during nighttime or airborne military missions.
The segment expected to grow fastest is communications: During the projected period, the communication segment is anticipated to develop at the fastest rate. This is because sophisticated battle helmets with communication systems have been developed. These helmets are frequently utilized in tactical military missions to provide important information. The US Army is making increased investments in the creation of cutting-edge integrated communications battle helmets. Through the use of noise-cancelling microphones, the helmet should enable unhindered communication in noisy combat environments.
By Material:
The Combat Helmet Market 's Research highest growth is anticipated in the ballistic fibre segment:
The segment for ballistic fibres held the biggest market share in 2019 and is anticipated to experience the highest CAGR over the study period. This is because the ballistic fibre offers a high level of defence against ballistic threats, such as bullets, projectiles, and shrapnel. Additionally, the ballistic fibre helmet is lightweight.
The market category for thermoplastics is anticipated to develop at the fastest rate: The market for guided projectiles is anticipated to experience the highest CAGR from 2020 to 2030. The growth can be linked to developing economies' extensive use of thermoplastic battle helmets. These helmets are less expensive, and they may be recycled.
The metal industry is anticipated to expand at the fastest rate: During the projected period, 2020 to 2030, the metal segment is anticipated to record a steady CAGR. The use of metal components in combat helmets is to blame for the rise. Military forces are increasingly using full-metal combat helmets.
Regional Analysis:
The dominating region of the combat helmet market is North America. The market is spread across South America, North America, Europe, Asia and Africa.
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