It was estimated prior to this unanticipated outbreak that the Advanced Combat Helmet Market is likely to witness an impressive CAGR of 2.1% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Advanced Combat Helmet Market Segment Insights:
By 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.
By Region:
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.