The global bulletproof helmet market size was worth around USD 916.7 Million in 2022 and is predicted to grow to around USD 1429.5 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.88% between 2023 and 2030.
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➤ The market is expected to expand due to the increasing frequency of armed conflicts.
The global bulletproof helmet market is anticipated to expand as a result of the rapidly increasing frequency of armed conflict worldwide. Currently, numerous nations worldwide are experiencing intense physical conflict, either within the country with domestic radical groups or with other nations. For example, the Russia-Ukraine conflict commenced on February 22, 2022, and there are no indications of a resolution, as both nations, in conjunction with their allies, continue to engage in detrimental activities. At present, Ukraine’s armed forces comprises of nearly 2,46,000 soldiers.
➤ The market’s growth is restricted by high costs and other constraints.
The high cost of helmet production and distribution is one of the primary factors contributing to the limited development of the global bulletproof helmet industry. The desired results are achieved through the complex production processes of these safety apparatus, which are constructed from high-quality materials. Therefore, they may be prohibitive for specific end-users, particularly those in countries with restricted military budgets or those that are experiencing economic hardship. Furthermore, the limited durability of ballistic helmets in comparison to their counterparts raises concerns regarding their long-term protection. Bulletproof helmets are heavier than conventional helmets and can result in physical stress for the occupant, which further restricts their adoption.
➤ Growth opportunities through international market expansion
Bulletproof accessories, such as helmets, are experiencing substantial demand on the global market. This is primarily observed in countries that are perpetually embroiled in conflict or disruption, whether as a result of internal or external factors. Additionally, the bulletproof helmet market may experience increased growth opportunities during the forecast period as a result of the growing level of collaboration between producers and purchasing nations or private agencies. Additionally, manufacturers are investing in the development of durable and lightweight products that are cost-effective, thereby increasing the likelihood of increased purchases from end-users.
➤ Challenges to market expansion due to regulatory obstacles
The quality of bulletproof helmets is of the utmost importance, as they are primarily a component of the accessories and equipment utilised by law enforcement agencies. This is due to the protection that the helmet provides to the wearer. Therefore, the regulations and policies that govern the production or distribution of these helmets are exceedingly rigorous and necessitate precise certifications. The entire process can be resource-intensive, requiring both time and money.
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The Global Bulletproof Helmet Market is segmented based on product, application and region
Global Bulletproof Helmet Market: Product Segment Analysis
● Nonmetal Material
● Metal Material
● Composite Material
Global Bulletproof Helmet Market: Application Segment Analysis
● Law Enforcement
● Military & Defense
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The global Bulletproof Helmet market profiles key players such as:
● Galvion
● 3M
● ArmorWorks Enterprises LLC
● ArmorSource LLC
● MKU Limited
● BAE Systems
● DuPont
● Ceradyne (3M)
● Armor Express
● NFM Group
● Gentex Corporation
● Rabintex Industries Ltd.
● Honeywell International Inc.
● Revision Military
● Morgan Advanced Materials
● Hardwire LLC
● Point Blank Enterprises Inc
???? Recent Developments:
• In an effort to enhance the safety of its soldiers, the Indian Army, the military wing of India, commenced the acquisition of Ak-47-protected helmets in July 2020. It is one of the largest purchase agreements in this segment, with a procurement strength of 100,000 units. The Infantry Directorate issued a Request for Information (RFI) to helmet producers and the Indian government in June of the same year, which was the inception of the initiative.
• Under a contractual agreement with the Indian Ministry of Defence, the Indian Army initiated the utilisation of Made in India Bullet Proof Helmets from MKU Ltd in August 2021. The helmets offer protection against 9 mm carbine bullet impacts.
➤ North America is expected to experience the most significant growth during the forecast period.
North America is anticipated to experience the most significant development in the global bulletproof helmet market during the forecast period. The significant demand for advanced protective armour from the substantial military and law enforcement contingents of the United States and Canada is the primary factor contributing to the high CAGR. One of the most well-funded military and defence agencies in the globe is located in the former. The high number of manufacturers and consumers in Germany, France, and the UK is the primary factor driving growth in Europe.
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