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(Transportation-News.com, March 20, 2018 ) The global bulletproof helmet market is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. The increasing demand for bulletproof helmets arising due to various law enforcement activities will drive the growth prospects for the global bulletproof helmet market during the forecast period. Some of the factors that determine the need for proper law enforcement across regions include political, social, and socio-cultural elements. For instance, India is focusing on security cooperation, economic integration and the modernization of police forces through the Modernization of State Police Forces (MPF) Scheme. This scheme also reduces the dependence of state governments on the Army and the Central Armed Police Forces for the purpose of controlling law and order issues in the state by strengthening and equipping the State Police Forces. Furthermore, in APAC, the increasing instances of terrorist attacks, rising flow of terrorist fighters from countries in the Middle East such as Syria and Iraq, and groups espousing support for the Islamic State of Iraq and the Levant (ISIL) results in the enhancement of domestic law by the government.
The emergence of global players will foster the growth prospects for the global bulletproof helmet market until the end of 2020. Since the adoption rate of modernized equipment for armed forces across various regions such as Central and South America, Central and Eastern Europe, and Southeast Asia is low, a large number of global players across the globe are entering the market. Furthermore, the industry analysis shows that the recent increase in cross-border terrorism, terrorist activities, and stringent government regulations will encourage various global players to expand their market presence.
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Competitive landscape and key vendors
The global bulletproof helmet market witnesses a moderate competitive environment due to the presence of a handful of global players. Also, the analysis of suppliers shows that a large number of local vendors offer products at very low cost, which shrinks the market opportunities for new entrants. Moreover, the established vendors are increasingly focusing on factors such as innovation in design and functionality, and the provision of support services for ballistic equipment.
Key vendors in this market are -
BAE Systems
3M
MKU
ArmorSource
Other prominent vendors in the market include Aegis Engineering, Argun, Hard Shell, Ningbo Chihan Protection, Point Blank Enterprises, Protection Group Danmark, Rabintex, Sarkar Defence Solutions, Sinoarmor, and Ulbrichts Protection.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
Complete Report is Available at: http://www.reportsweb.com/global-bulletproof-helmet-market-2016-2020
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