Global Bulletproof Helmet Market 2016-2020

Global Bulletproof Helmet Market 2016-2020

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 the 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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.