Global Advanced Combat Helmet Market Report, published by Variant Market Research, forecast that the global market is expected to reach $3.0 Billion by 2024 from $1.6 Billion in 2016, growing at a CAGR of 7.9% from 2016 to 2024. By geography, Asia Pacific and North America are expected to grow at a CAGR of 9.5% and 7.6%, respectively, during the forecast period.
Increasing technological advancements coupled with increasing safety concerns of soldiers and security personals due to mounting security threat in homeland as well as in across boarders are the major factors supporting the growth of the market.
By geography the market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers U.K, Germany, Russia and others. Asia-Pacific covers China, India, Australia and others. Rest of the World (RoW) covers South America, Middle East and Africa.
By applications, military & defense accounted for maximum share followed by law enforcement in the year 2016. Asia Pacific is the fastest growing region in the global advanced combat helmet market, and is expected to continue this trend due to increasing awareness and growing warfare and terrorist activities. North America accounted the largest share of the market followed by Europe in the year 2016.
The key market players include DuPont, Honeywell International Inc., Morgan Advanced Material PLC, BAE Systems, ArmorSource LLC, Ceradyne Inc., Point Blank Enterprises Inc., MKU Limited, Survitec Group and Eagle Industries.