Market Trends of Military Helmet and Helmet Mounted Display Systems Industry
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.
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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.
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