The global advanced combat helmet market is largely driven by the growing need of governments and defense agencies to provide better standards of soldier safety and combat tactical advantage in the face of growing global security threats such as terrorist attacks, border insurgencies, and internal conflicts. The defense sector is heavily adopting advanced combat helmets in order to protect their soldiers and law enforcement officers from head injuries caused from gunshots, IED explosions, and shrapnel. In addition, the demand for helmets integrated with the best vision and communication technologies is also increasing.
Features such as night vision cameras that offer better situational awareness in the dark or in any difficult situations are becoming more of a necessity. The demand for these integrated technologies is also boosting the global market for advanced combat helmet.
In terms of revenue, the global advanced combat helmet market was valued at US$1.7 bn in 2015, and is expected to reach US$3.0 bn by 2024, after expanding at a CAGR of 6.3% from 2016 to 2024.
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North America Bags Top Demand Volume for Advanced Combat Helmets
Geographically, the global advanced combat helmet market has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Of these key regions, North America held the leading share in the global advanced combat helmet market: more than 25% of the total market revenue, in 2015. The U.S. was estimated to hold the top market volume with more than 60% of the overall revenue of North America market for advanced combat helmet for the same year.
The advanced combat helmet market in Europe is estimated to grow at a substantial pace through Germany, France and the U.K. and their expansive activities in military and defense. Asia Pacific, on the other hand, is estimated to be the leading region in terms of growth rate in the advanced combat helmet market over the coming years. China, Japan, and India above all are investing substantially in the procurement of advanced combat helmets that can offer enhanced safety to the soldiers. China lead the Asia Pacific advanced combat helmet market share in 2015 and India is estimated to be the faster growing country in terms of demand.
Military and Defense Applications of Advanced Combat Helmets at All-time High
Based on applications, the global advanced combat helmet market can be segmented into military and defense, and law enforcement agencies. The military and defense segment us the leading consumer of advanced combat helmets, due to the growing global warfare and terrorist activities and borders insurgencies, while the law enforcement agencies are also adopting advanced combat helmets at a fast pace. Due their rapid adaptation rates, the law enforcement agencies are estimated to be growing swiftly in their demand within the global advanced combat helmet market.
The key players in the global advanced combat helmet market so far, have been ArmorSource LLC, BAE Systems, Gentex Corporation, Morgan Advanced Material PLC, Revision Military, Ceradyne Inc., MKU Limited, Honeywell International Inc., Point Blank Enterprises Inc., and DuPont.