The Advanced Combat Helmet Market is expected to grow at CAGR of 2.1% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the 'pause button' for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Advanced Combat Helmet Market
Advanced Combat Helmet market is projected to witness a healthy CAGR of 2.1% during the forecast period. Escalation of cross-border terrorism, border dispute, conflict of interest, coupled with rising defense budget of key economies across the world are likely to propel high growth in the ballistic protective equipment such as advanced combat helmet over the next five years. Advancements in technologies, along with rising focus of countries to protect their military personnel is boosting the demand for advanced combat helmet market.
In terms of regions, North America is estimated to be the largest market during the forecast period fueled by high demand in the USA. The dominance of the region is attributed to world's largest defense industry of the USA. Asia-Pacific is projected to witness the fastest growth in the market over the next five years, propelled by rising defense budget of China and India. China is likely to maintain its dominance in the Asia-Pacific's market during the forecast period, strengthened by its large defense and homeland security budgets.
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Market Scope & Segmentation
Advanced Combat Helmet Market Share: By Application Type
Based on the application type, the advanced combat helmet market is segmented as military personnel and homeland security. Military Personnel is projected to remain the larger application of the market during the forecast period, owing to the presence of large number of military personnel in comparison to homeland security personnel coupled with a relatively high threat perception for military personnel.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2021-2026. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research's reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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