Advanced Combat Helmet Market to Record Sturdy Growth by 2024
The
leaders of the global advanced combat helmet market for 2015 –
ArmorSource LLC, Gentex Corporation, BAE Systems, and MKU Ltd. –
are very likely to remain in the lead for the coming years, owing to
their strong foundations in the defense sector and high value brand
image. Emerging players such as Revision Military and DuPont are
currently showing high potential in the global advanced combat helmet
market in terms of growth rate.
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Market Research, in one of the recent releases, states that the
competitive landscape of the global advanced combat helmet market is
likely to hold strong rivalries over the coming years. The scope of
entry for new players is extremely low due to the massive initial
investments and the stringent regulatory framework surrounding the
safety protocol followed, apart from the trust and recognition that
the current leaders have already gathered. In terms of revenue, the
global advanced combat helmet market was calculated to reach US$1.88
bn by the end of 2016. The market’s revenue is anticipated to reach
US$3.07 bn by the end of 2024, after expanding at a CAGR of 6.3% from
2016 to 2024.
Soldier
Safety Top Concern for Defense Sector
“Currently,
the global advanced combat helmet market is receiving a lot of
revenue generation opportunities from the increasing concern shown by
nations over the safety of their soldiers. As opposed to the
conventional soldier helmets that protect the head from incoming
attacks, modern combat helmets have quickly become an integral part
of a soldier’s method of defense as well as attack. The kind of
material needed to protect heads from advanced artillery and
shrapnel, as well as the incorporation of technology that grants
soldiers enhance vision and uninterrupted communications, is the big
bundle that the global advanced combat helmet market provides today.
And nations are paying attention to the advantages that these helmets
can provide,” states a TMR analyst.
In
terms of using these helmets, the global advanced combat helmet
market is also driven by the growing volume of threat soldiers and
defense personnel are exposed to under today’s high level of
insurgencies and the growing chances of urban warfare.
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