Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 916.7 Million | USD 1429.5 Million | 5.88% | 2023 |
The global bulletproof helmet market size was worth around USD 916.7 Million in 2022 and is predicted to grow to around USD 1429.5 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.88% between 2023 and 2030.
The report analyzes the global bulletproof helmet market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the bulletproof helmet industry.
The bulletproof helmet industry deals with the production and distribution of a type of protective headgear called a helmet that is intended to protect the wearer from various types of ballistic threats like shrapnel and bullets. The materials used in the production are very specific in terms of weight and strength. The most commonly used materials are carbon fiber, Kevlar, and ceramic composites. Bulletproof helmets are typically used by military personnel and law enforcement agencies along with individuals or private security staff that work with high-risk functions or occupations like journalists reporting from war areas. As global threats across the globe have risen in the last few years, the demand for high-grade bulletproof helmets has also registered high growth. The industry includes designers, manufacturers, and distributors of bulletproof helmets along with units or organizations that are responsible for providing necessary training and certification for the use of these helmets.
Growing rate of armed conflicts to drive market growth
The global bulletproof helmet market is expected to grow owing to the increasing rate of armed conflict across the globe. Currently, there are many nations across the world that are witnessing intense physical conflict either within the country with domestic radical groups or with other nations. For instance, the Russia-Ukraine war began on 22nd February 2022 and there are no signs of stopping as both countries along with allies continue to conduct damaging activities. Ukraine’s armed force currently consists of close to 2,46,000 soldiers.
Furthermore, there are several other countries that have been in a stand-off against one another for many years. As per Global Terrorism Index 2020, more than 13,000 people died due to terrorist activities in 2020. The number continues to rise every year. In addition to this, the rising intensity of government regulations toward the protection of its soldiers could lead to additional revenue as many nations have mandated the use of bulletproof amenities like helmets and jackets.
High cost and other limitations to restrict the market growth
One of the key reasons for restricted growth in the global bulletproof helmet industry is the high-cost associated with the production and distribution of helmets. These safety equipment are made with high-grade materials that undergo complex production processes to deliver the desired results. Hence they may be unaffordable for certain end-buyers, especially for countries with limited military budgets or undergoing economic duress. In addition to this, bulletproof helmets offer limited durability as compared to their counterparts causing doubts over long-term protection. Bulletproof helmets are heavier than traditional helmets and can become a cause of physical stress for the wearer which further restricts their adoption.
Expansion in international markets to provide growth opportunities
In the international market, the demand for bulletproof accessories like helmets is growing tremendously. This is mostly observed in countries that are in a constant state of war or disruption either due to internal or foreign influence. Furthermore, the increasing rate of collaboration between producers and buying nations or private agencies could lead to higher growth opportunities for the bulletproof helmet market during the forecast period. Manufacturers are also investing in the development of lightweight and durable goods that offer cost-efficiency thus improving chances of higher purchases from end-buyers.
Regulatory hurdles to challenge market growth
Since bulletproof helmets are mainly a part of accessories and equipment used by law enforcement agencies, the quality of the product is of utmost significance since it relates to the safety it offers to the wearer. Hence, the regulations and rules surrounding the manufacturing or sale of such helmets are extremely stringent and require accurate certifications. The entire process can be resource-consuming including time and money.
The global bulletproof helmet market is segmented based on application, material, and region.
Based on application, the global market segments are law enforcement and military & defense. In 2022, the industry witnessed the highest growth in the military & defense segment mainly due to the rise in political and social unrest activities observed across the globe during 2022 mainly concerning multiple economies. Law enforcement agencies typically take care of unrest within the economy. Since military operations require personnel to be posted in extreme combat situations, the spending on the safety of this segment is higher as compared to law enforcement. Furthermore, currently, the majority of the nations are opting for ways in which they can improve their military strength for different social-political reasons. Stockholm International Peace Research Institute (SIPRI), China spent close to USD 250 billion on its military in 2020.
Based on material, the bulletproof helmet industry is divided into nonmetal material, metal material, and composite material. Typically, these helmets are made of composite material where a combination of materials that exhibit different chemical and physical properties are used to produce a particular composite. The selection of the material depends on its ability to absorb energy and distribute it across the final product while ensuring durability and lighter weight. Steel is another common material used in production. Moder-age bulletproof helmets weigh between 2.5 to 4.5 pounds.
Report Attributes | Report Details |
---|---|
Report Name | Bulletproof Helmet Market Research Report |
Market Size in 2022 | USD 916.7 Million |
Market Forecast in 2030 | USD 1429.5 Million |
Growth Rate | CAGR of 5.88% |
Number of Pages | 211 |
Key Companies Covered | Galvion, 3M, ArmorWorks Enterprises, LLC, ArmorSource LLC, MKU Limited, BAE Systems, DuPont, Ceradyne (3M), Armor Express, NFM Group, Gentex Corporation, Rabintex Industries Ltd., Honeywell International Inc., Revision Military, Morgan Advanced Materials, Hardwire LLC, Point Blank Enterprises Inc., DSM Dyneema, and Safariland, LLC. |
Segments Covered | By Application, By Material, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to register the highest growth during forecast period
The global bulletproof helmet market is expected to witness the highest growth in North America during the forecast period. The high CAGR is mainly in response to the high demand for advanced protective gear from the large military and law enforcement contingents of the US and Canada. The former is home to one of the most well-funded military and defense agencies in the world. Growth in Europe is driven due to the high number of manufacturers and buyers across the countries of Germany, France, and the UK. The manufacturers from these regions have an immense hold over the international market. Asia-Pacific is expected to emerge as one of the fastest-growing segments with high contributions from India, Japan, China, and Russia. Increasing security concerns, the rising rate of political unrest, and other associated issues are leading reasons for the growth.
The global bulletproof helmet market is led by players like:
By Application
By Material
By Region
FrequentlyAsked Questions
The industry deals with the production and distribution of a type of protective headgear called a helmet that is intended to protect the wearer from various types of ballistic threats like shrapnel and bullets.
The global bulletproof helmet market is expected to grow owing to the increasing rate of armed conflict across the globe.
According to study, the global bulletproof helmet market size was worth around USD 916.7 million in 2022 and is predicted to grow to around USD 1429.5 million by 2030.
The CAGR value of the bulletproof helmet market is expected to be around 5.88% during 2023-2030.
The global bulletproof helmet market is expected to witness the highest growth in North America during the forecast period.
The global bulletproof helmet market is led by players like Galvion, 3M, ArmorWorks Enterprises, LLC, ArmorSource LLC, MKU Limited, BAE Systems, DuPont, Ceradyne (3M), Armor Express, NFM Group, Gentex Corporation, Rabintex Industries Ltd., Honeywell International Inc., Revision Military, Morgan Advanced Materials, Hardwire LLC, Point Blank Enterprises Inc., DSM Dyneema, and Safariland, LLC.
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