Market Overview:
Military Protective Eyewear Market Size was valued at USD 0.15 billion in 2022. The Military Protective Eyewear market is projected to grow from USD 0.1590 Billion in 2023 to USD 0.226 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.05% during the forecast period (2023 - 2030).
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 fuelling the Military Protective Eyewear Market growth.
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.
Key Players:
The key players of Military Protective Eyewear Market are BAE Systems., FLIR Systems, Inc., Elbit Systems Ltd.,L3 Technologies, Inc., Thales Group, Bharat Electronics Limited (BEL), Harris Corporation, Meopta, Newcon Optik.
Market 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 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 Analysis:
Based on geographic division, the military protective eyewear market industry forecast is divided into North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America. Due to the rising demand for military systems in the region, the Asia-Pacific region is anticipated to dominate the market over the forecast period. Due to rising investments in various military modernization initiatives, Europe is anticipated to have the fastest-growing market for Military Protective eyewear.
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