Global Bulletproof Helmet Market 2016-2020
About Bulletproof Helmets
Bullet proof helmets are used for enhancing safety in defense, military, and homeland security. They are used by wearers for protection from potentially hazardous elements that range from air-borne flying particles, ballistic threats, and fragments. The global bulletproof helmets market is expected to grow because of increasing demand from APAC.
Technavio’s analysts forecast the global bulletproof helmet market to grow at a CAGR of 5.51% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global bulletproof helmet market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of bulletproof helmets at the manufacturer level.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bulletproof Helmet Market 2016-2020
Technavio recognizes the following companies as the key players in the global bulletproof helmet market: BAE Systems, 3M, MKU, and ArmorSource
Other Prominent Vendors in the market are: Aegis Engineering, Argun, Hard Shell, Ningbo Chihan Protection, Point Blank Enterprises, Protection Group Danmark, Rabintex, Sarkar Defence Solutions, Sinoarmor, and Ulbrichts Protection
Commenting on the report, an analyst from Technavio’s team said: “A number of global players have entered the market particularly in light of the fact that a number of countries in Central and South America, Central and Eastern Europe, and Southeast Asia are underpenetrated when it comes to the adoption of modernized equipment in the armed forces. The global ballistic equipment market has a huge potential and is one of the major markets witnessing high growth globally, encouraging many vendors to establish their presence across borders. In the near future, the factors that will drive market growth, such as increase in cross-border terrorism, terrorist activities, and stringent government regulations to bring about safety for the armed forces will also encourage a number of global players to strengthen their market presence. The armed forces hold the majority share of the ballistic protection equipment market due to increasing conflicts across the globes.”
According to the report, the defense expenses of regions such as APAC, the Americas, Western Europe, and ROW are on the rise, where each country determines its military and defense expenses based on its political and social environment. The US allocated over $500 billion on defense spending in 2015. The other countries with substantial budgets for the armed forces are China, Saudi Arabia, Russia, the UK, India, France, and Japan.
Further, the report states that the challenge faced by the vendors of bulletproof helmets is that a number of regions are underpenetrated by defense suppliers in developing countries in regions such as Central and South America, Central and Eastern Europe, Africa, and Southeast Asia. The armed forces in most countries in these regions are undersupplied. Sometimes in developed country like the US too there were instances of supply shortages of ballistic helmets.
BAE Systems, 3M, MKU, ArmorSource, Aegis Engineering, Argun, Hard Shell, Ningbo Chihan Protection, Point Blank Enterprises, Protection Group Danmark, Rabintex, Sarkar Defence Solutions, Sinoarmor, Ulbrichts Protection.
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