(MENAFN- America News Hour)Kenneth Research has recently added a report titled Advanced Combat Helmet market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021-2024. Advanced Combat Helmet market is further anticipated to grow with a CAGR of 7.9% during the forecast period. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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.
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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.
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.
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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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