In a recent published report, Kenneth Research has updated the market report for Advanced Combat Helmet Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Advanced Combat Helmet Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
Global Advanced Combat Helmet 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. Natick Contracting Division has developed a new Advanced Combat Helmet (ACH), along with the support of US Army Soldier Systems Center. This new advanced helmet consists of communication devices, impact protection, night vision devices, nuclear, biological & chemical defence equipment and other items and provides various other protection to the soldiers.
It also consists of enhanced 4-point retention and pad suspension system and are much lighter in weight as compared to the previous PASGT infantry helmet. They can the adjusted accordingly for suitable fit and stability. The ACH weighs around 3 lbs for the medium size, 3.25 lbs for large size and slightly more than 3.6 lbs for the extra-large. These helmets are capable of providing the desired protection to soldiers at any situation and at diverse range of operational environments and injury threats.
The factors propelling the growth of the advanced combat helmet market are technological advancements, increasing security threats in homeland & in cross borders and growing safety concerns of security personals. Though, malfunctioning of certain technologies and high cost of these helmets may hamper the adoption rate. Furthermore, emerging economies might provide several opportunities in the forecast years.
The market is segmented based on the application and geography. By application is further segmented into military & defence and law enforcement. 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.
The key market players comprise Honeywell International Inc., DuPont, Morgan Advanced Material PLC, Survitec Group, BAE Systems, Ceradyne Inc., Point Blank Enterprises Inc., ArmorSource LLC, MKU Limited, and Eagle Industries.
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The key takeaways from the report:
The report will provide detailed analysis of Advanced Combat Helmet with respect to major segments such as applications of the market.
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities. An exhaustive regional analysis of Advanced Combat Helmet market.
Profile of key players of the Advanced Combat Helmet market, which include key financials, product & services and new developments.
Scope of Advanced Combat Helmet Market:
Applications Segments
Military & Defence
Law Enforcement
Geography Segments
North America
US
Canada
Mexico
Europe
Germany
France
United Kingdom
Spain
Others
Asia-Pacific
China
India
Japan
South Korea
Others
RoW
South America
Middle East
Africa
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