Global Military Helmet Market to be Driven by the Increasing Military Expenditure Worldwide in the Forecast Period of 2022-2027

[Market News]

The new report by Expert Market Research titled, ‘Global Military Helmet Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global military helmet market, assessing the market based on its segments like types, materials, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

Historical Market Size (2021): More than USD 2.1 billion
Forecast CAGR (2022-2027): 53%
Forecast Market Size (2027): Above USD 2.90 billion
The global market for military helmet is primarily driven by the increasing budget allocation and expenditure of military forces around the globe due to the need for high quality military equipment. The rise in border disputes, insurgency, and related violence requires deployment of enough soldiers in military zones, which is propelling the demand for combat headgears. Moreover, military helmets are used for mounting several military accessories such as camera, torch, and night vision glasses, among others. Additionally, with advancing weapons in warfare, the need to enhance protection of head against ballistics is expected to further enhance the product demand in the coming years.

Industry Definition and Major Segments

A military helmet or combat helmet is a type of personal armour designed as a protective headgear worn by soldiers during military expeditions or combat. It is designed to deflect or absorb the impact from bullets, shrapnel, or any other threat.

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The market can be broadly categorised, based on type, into:

Lightweight Helmet
Enhanced Combat Helmet
Modular Integrated Communications Helmet
Based on material, the market can be divided into:

Original Aramid Fibre Kevlar
UHMWPE Fibre
Advanced Aramid Fibre
The regional markets for military helmet include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends

North America accounts for a significant share in the market for military helmet due to the availability of major key players in the region. The US allocates one of the highest budgets for military expenditure. The availability of funds and adequate technology is expected to support the production of the most advanced military helmets in the country, thereby contributing to the growth of the market. By type, the lightweight helmet segment holds a major share of the market. These are used during training or friendly expeditions to protect the head from impact. The growing research and development activities by the manufacturers to offer superior protective equipment is anticipated to aid the market in the coming years.

Key Market Players

The major players in the market are Safariland, LLC, MKU Limited, 3M Company, BAE Systems Plc, Eagle Industries, Gentex Corporation, ArmorSource LLC, and Honeywell International, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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