Market Size of Military Helmet and Helmet Mounted Display Systems Industry
| 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.
