“Global Advanced Combat Helmet Market is expected to reach $5.2 Bn by 2030”
23 January 2020
The Advanced Combat Helmet Market Report 2020-2030: Forecasts By Application (Defense, Law Enforcement Agencies, Homeland security), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry. Global Advanced Combat Helmet Market is expected to reach $5.2 Billion by 2030 from $1.72 Billion in 2018, growing at a CAGR of 8% from 2020 to 2030.
Through region, during the forecast period, Asia Pacific and North America are expected to grow at a CAGR of 9.5% and 7.6%, respectively. The new Advanced Combat Helmet (ACH) has been created by Natick Contracting Corporation, with the assistance of the US Army Soldier Systems Centre. This substituted the Personnel Armor System Ground Troops (PASGT) shield and the outdated Kevlar helmet. The updated ACH equipped troops with a new helmet that provides safety against ballistic and damage, communication devices, night vision devices, nuclear, biological & chemical security gear, and other products.
Technological advances combined with growing security concerns of soldiers and security personnel due to rising security threats both in the home country and across borders are the major factors that fuel market growth. High costs of helmets and the malfunctioning of few technologies, however, may impede market growth. In fact, the emerging economies could offer opportunities in the years ahead.
Homeland security, police, and law enforcement agencies use an Advanced Combat Helmet (ACH) as a secure combat helmet. Although an ACH's configuration limits the coverage area, it is also used as a base for installing electronics such as equipment for contact and night-vision. Therefore, adding to enhancing the field of vision and ears, leading to a better awareness of the condition regarding the current helmets used. Demand determinants having a huge impact on the global advanced combat helmet demand are growing in wars, armed conflicts, cross-border conflicts, pricey head gears, and the malfunctioning of a few integrated innovations.
Mergers and acquisitions, combined with partnerships with strategic members, have been embraced as primary marketing strategies by leading companies on the global market, in order to sustain the company. Huge investments are also being made in this sector to produce lightweight helmets which are cost-efficient and of high quality. Apart from this, the hiking defense budgets of different emerging military powers are catalyzing the demand for these helmets. In comparison, countries that already have large defense budgets were shown to show greater adoption of advanced combat helmets relative to those countries that suggested small defense budgets.
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