Military Helmet And Helmet Mounted Display Systems Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 4.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Military Helmet And Helmet Mounted Display Systems Market Analysis
The military helmet and helmet-mounted display systems market is anticipated to register a CAGR of over 4% during the forecast period.
- During the COVID-19 outbreak in 2020, the market saw a decline which affected the market dynamics, competition, and the global supply chain. However, in 2021, when lockdown restrictions started to loosen, the industry started to recover again. Thus, it is expected that the market will witness exponential growth in the coming years.
- The focus on soldier modernization is currently driving the market, as the militaries focus on replacing the existing soldier protection and situational awareness systems. In this regard, they are procuring newer helmets and helmet-mounted displays that are lighter, stronger, and more technologically advanced for military personnel.
- The increase in military spending is also supporting the helmet-mounted display systems market growth since a significant amount of the spending is being invested in enhancing the safety and situational awareness of the troops.
Military Helmet And Helmet Mounted Display Systems Market Trends
Helmet-mounted Displays Segment will lead the Largest Share
- Helmet-mounted displays segment is projected to show remarkable growth during the forecast period. The growth is due to increasing defense expenditure and the rapid expansion of military forces. An increase in the number of military personnel creates demand for advanced helmet-mounted displays.
- Helmet-mounted displays are used in aircraft to project information in front of the pilot's eyes. For military aircraft pilots, decision-making in a split second could be a matter of life or death. Hence, they require technologies like helmet-mounted displays for enhanced operational efficiency. In this regard, militaries are investing millions of dollars toward the procurement of sophisticated helmet-mounted display systems for their pilots.
- For instance, in October 2021, the US Army awarded Elbit Systems a USD 76 million contract to provide the Integrated Helmet And Display Sight System (IHADSS) for the AH-64 Apache helicopter fleet. In addition, as a part of the CARMEL Future Combat Vehicle project of the Israeli Ministry of Defense, Elbit Systems is conducting the testing demonstrating a series of its innovative Armored Fighting Vehicle (AFV) technologies. Regarding the same, the company is incorporating HMDs for the soldiers to operate the AFV under closed hatches. Such innovations enable newer applications of HMDs, thereby propelling the growth of the segment in the years to come.
North America to Register Highest Growth in the forecast period
- North American region is expected to lead the market during the forecast period primarily due to the demand from the United States. The United States has the largest military strength in terms of personnel and aircraft fleet. The country is also the global leader in defense spending and accounts for a significant chunk of global defense expenditure. In recent years, the US military has increased its emphasis on soldier protection systems and the replacement of older soldier protective gear.
- In September 2021, the US Army pushed on with plans to provide better protection to its troops and announced that Avon Protection Ceradyne and Gentex would compete to provide the Next Generation Integrated Head Protection System (IHPS). Avon and Gentex will battle each other for orders in a contract with an overall value beyond USD 87 million and an estimated completion date of September 2023.
- The IHPS comprises the helmet shell, maxillofacial system (visor and mandible), and protective eyewear, providing a 5-7% weight reduction over the current helmet. It also includes an optional, modified retention system to better accommodate female hairstyles. Such developments will araise the market in the region during the forecast years.
Military Helmet And Helmet Mounted Display Systems Industry Overview
The market is moderately consolidated in nature, with the presence of a few players holding significant shares in the market. Some of the major players in the military helmet and helmet-mounted display system market are Collins Aerospace (United Technologies Corporation), Thales Group, Elbit Systems Ltd, 3M, and BAE Systems PLC, among others.
The advancements in material technology have helped helmet manufacturers to manufacture helmets that can protect soldiers from traumatic and lethal brain injuries more effectively than ever before. Typically, soldiers wear helmets in the field anywhere from 12 to 18 hours and eventually feel fatigued and stressed. Companies are focusing on the development of helmets with lighter materials for the reduction of weight, thereby improving the ergonomics of the soldiers. At the same time, the focus is currently on enhancing the safety of the soldiers.
Military Helmet And Helmet Mounted Display Systems Market Leaders
Collins Aerospace (United Technologies Corporation)
Thales Group
Elbit Systems Ltd.
3M
BAE Systems PLC
*Disclaimer: Major Players sorted in no particular order
Military Helmet And Helmet Mounted Display Systems Market News
- February 2022: Avon Protection plc announced that it had secured a contract worth USD 204 million over a five-year period to supply the United States Defense Logistics Agency with the second-generation Advanced Combat Helmet.
- January 2022: Collins Elbit Vision Systems, a joint venture of Collins Aerospace and Elbit Systems of America, signed three one-year option periods for a three-year base contract to support the Joint Helmet Mounting Cueing System for F-15, F-16, and F-18 aircraft.
Military Helmet And Helmet Mounted Display Systems Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Helmets
5.1.2 Helmet Mounted Displays
5.1.3 Accessories
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 United Kingdom
5.2.2.2 Germany
5.2.2.3 France
5.2.2.4 Russia
5.2.2.5 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Japan
5.2.3.4 South Korea
5.2.3.5 Rest of Asia-Pacific
5.2.4 Latin America
5.2.4.1 Brazil
5.2.4.2 Rest of Latin America
5.2.5 Middle-East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 United Arab Emirates
5.2.5.3 Israel
5.2.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Collins Aerospace
6.2.2 Thales Group
6.2.3 Elbit Systems Ltd
6.2.4 3M
6.2.5 BAE Systems PLC
6.2.6 Honeywell International Inc.
6.2.7 L3Harris Technologies Inc.
6.2.8 Gentex Corporation
6.2.9 Safariland LLC
6.2.10 Ballistic Armor Co.
6.2.11 ArmorSource LLC
6.2.12 MKU Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Military Helmet And Helmet Mounted Display Systems Industry Segmentation
A military helmet is a specially designed helmet used by military personnel and soldiers. A helmet-mounted display system involves a device that is used in a military aircraft to project useful information to the pilot's eyes. The report includes details regarding the market for military helmets, helmet-mounted systems, and the related accessories that aid in enhancing the protection and situational awareness of the soldiers. The accessories segment includes sights, visors, EO-IR systems, and connectivity systems, among others, that can be fitted to the helmet and helmet-mounted display systems as optional components.
The military helmet and helmet-mounted display systems market is segmented by type and geography. By type, the market is further segmented into helmets, helmet-mounted displays, and accessories. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The report offers the market size and forecasts by value (USD million) for all the above segments.
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| Helmet Mounted Displays | |
| Accessories |
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Military Helmet And Helmet Mounted Display Systems Market Research FAQs
What is the current Military Helmet and Helmet Mounted Display Systems Market size?
The Military Helmet and Helmet Mounted Display Systems Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Military Helmet and Helmet Mounted Display Systems Market?
Collins Aerospace (United Technologies Corporation), Thales Group, Elbit Systems Ltd., 3M and BAE Systems PLC are the major companies operating in the Military Helmet and Helmet Mounted Display Systems Market.
Which is the fastest growing region in Military Helmet and Helmet Mounted Display Systems Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Military Helmet and Helmet Mounted Display Systems Market?
In 2024, the North America accounts for the largest market share in Military Helmet and Helmet Mounted Display Systems Market.
What years does this Military Helmet and Helmet Mounted Display Systems Market cover?
The report covers the Military Helmet and Helmet Mounted Display Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Helmet and Helmet Mounted Display Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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