Global Bulletproof Helmet Market 2016-2020

Global bulletproof helmet market forecast

According to the bulletproof helmet market analysis, the global bulletproof helmet market is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. The increasing demand for bulletproof helmets arising due to various law enforcement activities will drive the growth prospects for the global bulletproof helmet market during the forecast period. Some of the factors that determine the need for proper law enforcement across regions include political, social, and socio-cultural elements. For instance, India is focusing on security cooperation, economic integration and the modernization of police forces through the Modernization of State Police Forces (MPF) Scheme. This scheme also reduces the dependence of state governments on the Army and the Central Armed Police Forces for the purpose of controlling law and order issues in the state by strengthening and equipping the State Police Forces. Furthermore, in APAC, the increasing instances of terrorist attacks, rising flow of terrorist fighters from countries in the Middle East such as Syria and Iraq, and groups espousing support for the Islamic State of Iraq and the Levant (ISIL) result in the enhancement of domestic law by the government.

The emergence of global players will foster the growth prospects for the global bulletproof helmet market until the end of 2020. Since the adoption rate of modernized equipment for armed forces across various regions such as Central and South America, Central and Eastern Europe, and Southeast Asia is low, a large number of global players across the globe are entering the market. Furthermore, the industry analysis shows that the recent increase in cross-border terrorism, terrorist activities, and stringent government regulations will encourage various global players to expand their market presence.

Competitive landscape and key vendors

The global bulletproof helmet market witnesses a moderate competitive environment due to the presence of a handful of global players. Also, the analysis of suppliers shows that a large number of local vendors offer products at very low cost, which shrinks the market opportunities for new entrants. Moreover, the established vendors are increasingly focusing on factors such as innovation in design and functionality, and the provision of support services for ballistic equipment.

Key vendors in this market are

• BAE Systems
• 3M
• MKU
• ArmorSource

Other prominent vendors in the market include Aegis Engineering, Argun, Hard Shell, Ningbo Chihan Protection, Point Blank Enterprises, Protection Group Danmark, Rabintex, Sarkar Defence Solutions, Sinoarmor, and Ulbrichts Protection.

Segmentation by end user and analysis of the bulletproof helmet market

• Military and defense
• Law enforcement

Based on the bulletproof helmet market report, the military and defense segment accounted for the maximum market share during 2015 and will continue to dominate the market in the coming years. One of the major factors responsible for this market segment’s growth is the rise in cross-border terrorism.

Segmentation by geography and analysis of the bulletproof helmet market

• APAC
• North America
• ROW
• Western Europe

In terms of geography, North America accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. It is anticipated that North America is likely to witness above-average growth, because of soldier modernization programs, which includes the adoption of technologically-advanced bulletproof helmets.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global bulletproof helmet market?
• What are the key market trends impacting the growth of the global bulletproof helmet market?
• What are the challenges to market growth?
• Who are the key vendors in the global bulletproof helmet market?
• What are the market opportunities and threats faced by the vendors in the global bulletproof helmet market?
• What are the trending factors influencing the market shares of APAC, North America, ROW, and Western Europe?
• What are the key outcomes of the five forces analysis of the global bulletproof helmet market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Advanced Combat Helmet Market 2016-2020
• Global Motorcycle Connected Helmet Market 2016-2020
• Global Safety Goggles and Glasses Market 2016-2020
• Global Motorcycle Side View Assist System Market 2016-2020