Advanced Combat Helmet Market Share, Growth Analysis And Revenue Forecast 2024 To 2033

The Business Research Company recently released a comprehensive report on the Global Advanced Combat Helmet Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The advanced combat helmet market size has grown strongly in recent years. It will grow from $2.77 billion in 2023 to $2.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to focus on soldier welfare, industrial collaboration and innovation, government funding and contracts, standardization and testing protocols, research and development in helmet design..

The advanced combat helmet market size is expected to see strong growth in the next few years. It will grow to $4.01 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to integration of advanced electronics, modularity and customization, focus on comfort and ergonomics, rise in demand for non-ballistic protection, advancements in manufacturing techniques.. Major trends in the forecast period include weight reduction initiatives, integration of enhanced protection, modular and versatile configurations, ergonomic and comfort improvements, focus on multi-threat protection..

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Market Drivers and Trends:

Growing defense budgets and military modernization programs are expected to boost the growth of the advanced combat helmet market going forward. The defense budget refers to the proportion of the national budget dedicated to defense for the provision of weapons, equipment, and soldiers, along with wages, training, and funding for the development of new technology. Military equipment funds are included in the defense budget, as the procurement of advanced combat helmets provides ballistic and impact protection, stability, and comfort without impairing the soldier's field of view. For instance, in April 2022, according to the Stockholm International Peace Research Institute, a Sweden-based international institute, Global military spending increased in 2021, reaching an all-time high of $2.1 trillion. Furthermore, China, the world's second-largest customer, boosted its military spending by 4.7% in 2021 to an estimated $293 billion, while Russia increased its military spending by 2.9% to $65.9 billion. In 2021, Russia's military spending rose for the third year in a row, reaching 4.1% of GDP. Therefore, the growing defense budget and military modernization program are driving the growth of the advanced combat helmet market.

Technological advancements have emerged as the key trend gaining popularity in the advanced combat helmet market. Major companies operating in the advanced combat helmet market are developing innovative technologies to strengthen their position in the market. For instance, in July 2022, Elbit Systems, an Israel-based aerospace and defense company, launched the X-Sight Helicopter Pilot Helmet. The unique features of the X-Sight Helicopter Pilot Helmet include a sophisticated sensor array, a helmet-mounted display (HMD) system, fifth-generation aircraft technology, and an artificial intelligence-powered mission computer. The X-Sight Helicopter Pilot Helmet is designed to permit helicopter pilots to see through the aircraft's fuselage, providing them with a real-time, clear, and wide field of view, day and night, under severe weather and visibility conditions. This feature helps military helicopters to meet the greatest operational obstacles.

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Major Key Players of the Market:

ArmorSource LLC; Elbit Systems; Gentex Corporation; Morgan Advanced Material plc; Revision Military; Ceradyne Inc.; MKU Limited; Honeywell International Inc.; Point Blank Enterprises Inc.; DuPont de Nemours Inc.; Eagle Industries; Survitec Group Limited; Elmon S.A; 3M Company; Avon Rubber plc; BAE Systems Inc.; Safariland Group; Ballistic Protection Limited; Diamond Age Solutions Inc.; Galvion; Hard Shell FZE; KDH Defense Systems Inc.; MTEK; NFM Group; Ops-Core Inc.; Rabintex Industries Ltd.; Sarkar Tactical Inc.; Team Wendy LLC; Performance Fabrics Incorporated; Defenx Limited

Advanced Combat Helmet Market 2024 Key Insights:

• The advanced combat helmet market will grow to $4.01 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• Rising Defense Budgets Propel Advanced Combat Helmet Market
• Technological Advancements In The Advanced Combat Helmet Market
• North America was the largest region in the advanced combat helmet market in 2023

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