Military Protective Eyewear Market Research Report – Global Forecast till 2023
Military Protective Eyewear Market Research Report –
Global Forecast till 2023
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Copyright © 2017 Market Research Future.
Military Protective Eyewear Market Research Report – Global Forecast till 2023
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SAMPLE REPORT
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Copyright © 2017 Market Research Future.
Military Protective Eyewear Market Research Report – Global Forecast till 2023
Summary: Military Protective Eyewear Market is estimated to register a CAGR of approximately 6% during the forecast period of 2018 to 2023
Market Overview: Military protective eyewear systems are a type of personal protective equipment that help to protect the eyes/vision of the soldiers and the law enforcement personnel from any ballistic, laser, radiological, and NBC attacks. In the recent years, with the increasing military exercises and operations, the demand for such equipment has increase manifold, thereby fueling the growth of the military protective eyewear market. Of late, there has been a high demand for the personal protective equipment (PPE) by the military troops and the paramilitary forces. It is expected that the increasing investments in such protective systems would provide numerous opportunities for the market players, in the forthcoming years. The personal protection equipment (PPE) includes body armor, helmets, and protective eyewear systems, which protect the armed troops and paramilitary forces from the bullets, laser strikes, and mines. Traditionally, only the soldiers had the license to use the PPE but with the growing insurgent and extremist attacks/threats, there has been a considerable rise in their use by the paramilitary forces and the law enforcement officials, to protect themselves from any injury. Due to the increasing threats of attacks through mines, bombs, and NBC or radiological agents by the extremist and terrorist forces, there have been high investments on the development of protective eyewear systems for the military, paramilitary, and police forces.
Segmentation: The global military protective eyewear market has been segmented by product type, end-user, and region. On the basis of product type, the military protective eyewear market is divided into laser protection eyewear, ballistic protection eyewear, and safety eyewear. In 2017, the ballistic protection eyewear segment dominated the global market and it is expected that the laser protection eyewear segment would witness the fastest market growth, during the forecast period. This is primarily because the increasing cross border conflicts and rising terror threats in various countries. Moreover, currently there has been a significant increase in the laser attacks on the paramilitary and military forces by the insurgent groups, which results in a rapid rise in the development of anti-laser and laser protective eyewear systems. On the basis of end-user, the military protective eyewear market is divided into paramilitary forces and armed troops. In 2017, the armed troops segment dominated the global market and is also expected to witness the fastest growth, during the forecast period. This is primarily due to the increasing military
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Copyright Š 2017 Market Research Future.
Military Protective Eyewear Market Research Report – Global Forecast till 2023
operations, across the globe, such as anti-terrorist missions and surgical strike operations, among others. In addition, there has been a significant increase in the military expenses for the development and procurement of personal protective equipment, in the recent years.
Regional Outlook: North America is likely to hold on to the leading share in the global military protective eyewear market over the forecast period due to the strong presence of the defense equipment manufacturing sector in the U.S. The U.S. is a global leader in terms of defense equipment manufacturing and is likely to exhibit further growth over the forecast period due to the growing demand for military modernization efforts and the consistent product innovation in the industry. Furthermore, due to the growing adoption of laser and directed energy weapon systems in the U.S. army, awareness about the utility of military protective eyewear is high. This is likely to drive the demand from the military protective eyewear market in the U.S. and North America over the forecast period. Asia Pacific is also likely to emerge as a leading contender in the global military protective eyewear due to the growing demand for battlefield equipment for use in difficult terrain such as snow. The geopolitical tensions between India and Pakistan and India and China are centered on the mountainous regions in the Himalayas and the desert region in the Thar desert. This has driven the demand for military protective eyewear. The growing demand for military modernization in China and India is likely to be a major driver for the military protective eyewear market in Asia Pacific over the forecast period.
Competitive Dashboard: The key players in the global military protective eyewear market are 3M (Israel), Honeywell International (US), ESS (US), Revision Military (US), PERRIQUEST DEFENSE RESEARCH ENTERPRISES (US), Gentex Corporation (US), Laser Safety Industries (US), Wiley X, Inc. (US), ESSILOR OF AMERICA, INC. (US), and Shalon Chemical Industries (Israel).
Industry Updates: In May 2019, the U.S. army’s Authorized Protective Eyewear List added two new products from Revision: the ShadowStrike ballistic sunglasses and SnowHawk cold weather goggle system.
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Copyright © 2017 Market Research Future.
Military Protective Eyewear Market Research Report – Global Forecast till 2023
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Copyright Š 2017 Market Research Future.