According to our latest market study on "Military Protective Eye-Wear Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, End-User, and Geography," the market is expected to grow from US$ 110.48 million in 2021 to US$ 166.65 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.
Armed troops and paramilitary forces use personal protective equipment (PPE) like body armor, helmets, and protective eye-wear to guard against gunfire, laser strikes, and mines. Protective eye-wear systems specifically protect military and law enforcement personnel from ballistic, laser, radiological, and NBC hazards. The market for military protective eye-wear has grown as a result of heightened military activity and the rising threat of attacks from extremist groups using mines, bombs, and NBC or radioactive materials. As a result, there has been increased investment in developing protective eye-wear systems for military, paramilitary, and police, contributing to growth in the military protective eye-wear industry.
Impact of COVID-19 Pandemic on Global Military Protective Eye-Wear Market
The novel coronavirus pandemic has had a devastating impact on the world and is still spreading. The US has the highest military spending, making it the largest market for military technologies. However, the military technology industry faced challenges including decreased delivery of new defense technologies, cancelled or rescheduled orders, labor shortages, and other factors that impacted their operations and ability to meet customer demands. As a result, the military protective eye-wear market saw a decrease in revenue due to a rise in order backlogs and disruptions in the supply chain.
Key Findings of Study:
The military protective eye-wear market is divided into five regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). North America had a significant market share in 2020. The military protective eye-wear market is also segmented based on type (safety eye-wear, ballistic protection eye-wear, and laser protection eye-wear) and end user (paramilitary forces and armed troops). In 2020, the largest market share was held by the ballistic protection eye-wear type and the armed troops end user segment.
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