Military Protective Eyewear Market Dynamics (2021-2031)
The military protective eyewear market size is projected to reach US$ 203.24 million by 2031 from US$ 120.79 million in 2023. The market is expected to register a CAGR of 6.7% during 2023–2031. Technological advancements in military protective eyewear is likely to remain a key trend in the market.
Military Protective Eyewear Market Analysis
The military protective eye-wear industry consists of well-established and industry-recognized players. The rivalry among the industry participants is moderate and is expected to remain moderate during the forecast period from 2024 – 2031. Due to the specifications set by the military forces across the region, the products are similar to each other. Due to this factor, the competitors try to secure more contracts from the manufacturers and military forces, in order to maintain their market position. Additionally, the demand for technologically advanced protective eye-wear is growing, as the government is constantly investing substantial time and amounts. This factor also increases the degree of competition among the market players.
Military Protective Eyewear Market Overview
The demand for military protective eye-wear is surging among the government and end-users such as paramilitary forces and armed troops. The manufacturers of the military protective eye-wear are spending enormous amounts in the development of advanced technology such as laser defense technology to protect from the laser beam. This factor is attracting customers of protective eye-wear suppliers. The government procures the military protective eye-wear through end-users. Also, military protective eye-wear manufacturers such as Oakley, Inc., Revision military, and among others, convince their buyers to integrate advanced technology with their products. This also facilitates the military protective eye-wear market to surge. In addition, the demand for military protective eye-wear among the military forces is foreseen to be catalyzing.
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Military Protective Eyewear Market: Strategic Insights
Market Size Value in US$ 110.48 million in 2021 Market Size Value by US$ 166.65 million by 2028 Growth rate CAGR of 6.05% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Military Protective Eyewear Market: Strategic Insights
| Market Size Value in | US$ 110.48 million in 2021 |
| Market Size Value by | US$ 166.65 million by 2028 |
| Growth rate | CAGR of 6.05% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Military Protective Eyewear Market Drivers and Opportunities
Advancement and Contraction in Night Vision Technologies
In military, night vision devices have a wide range of applications, such as detecting and recognizing points and foci in dim and poor permeability conditions. Helicopter pilots, tanks and other military vehicle drivers, soldiers, and security forces wear military night vision devices. The modern army's increasing requirement to operate at night and in low-light settings has resulted in considerable advancements in night vision systems. Night vision devices are essential equipment for a soldier during a war. Therefore, tremendous effort has been invested in research and development. As a result, various technologies have been developed, allowing for the use of a wide range of military night vision systems. Several types of military protective eye-wear have become compact and lightweight, as well as technologically advanced. Thus, their procurement is increasing by defense forces.
Emergence of Laser Protection Eyewear
Military has been paying close attention to laser weapons. It is also finding ways to protect military personnel from the hazardous effects of lasers. Attacks by laser weapons can cause severe visual damage to military soldiers. Laser protection eye-wear shields army personnel from laser wavelengths that can harm their eyes, whether visible or invisible. When the device is turned on, it produces a monochromatic image in a green shade. Laser safety eye-wear is required while working with high-powered laser lights. The eye-wear can provide reliable protection for field professionals. Therefore, the emergence of laser protection eye-wear would create lucrative opportunities for the military protective eye-wear market in the coming years.
Military Protective Eyewear Market Report Segmentation Analysis
Key segments that contributed to the derivation of the military protective eyewear market analysis are type and end user.
- Based on type, the military protective eyewear market is segmented into safety eyewear, ballistic protection eyewear, and laser protection eyewear. The ballistic protection eyewear segment held a larger market share in 2023.
- Based on end user, the military protective eyewear market is segmented into paramilitary forces and armed troops. The armed troops segment held a larger market share in 2023.
Military Protective Eyewear Market Share Analysis by Geography
The geographic scope of the military protective eyewear market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the market in 2023 followed by Europe and Asia Pacific regions. Further, Asia Pacific is also likely to witness highest CAGR in the coming years. The US accounted for the largest market share in North America military protective eyewear market. The US the world’s leading defence spender in the world. The US governments also invests a lot of resources in advancing their respective armed forces. The US government has adopted laws to ensure the safety of military personnel in the country, which is expected to fuel the market for military protective eye-wear. Furthermore, the industry is expected to be driven by an increase in deadly weapons. The military protective eye-wear market is likely to grow in the future years as demand for eye-wear devices that protect eyes from laser radiation rises.
Military Protective Eyewear Market Report Scope
Military Protective Eyewear Market News and Recent Developments
The military protective eyewear market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the military protective eyewear market are listed below:
- Revision Military has been awarded a contract with the Defence Materiel Administration (FMV) of Sweden for Military Protective Eyewear Systems (MPES) for a total validity period of seven (7) years. The contract was signed in June 2020 and initial product deliveries started to arrive in Sweden in August 2021. The MPES includes rigorous specifications and customization requirements to suit the needs of the Swedish Armed Forces - including ballistic eyewear, low profile goggles, full coverage goggles, universal prescription carrier and ballistic laser protective lenses to protect against a variety of laser hazards. (Source: Revision Military , Press Release, Sep 2021)
- Revision Military, a leading producer of protective eyewear for military, law enforcement, and civilian users, announces the release of its new I-Vis eye pro series. (Source: Revision Military, Press Release, Oct 2022)
Military Protective Eyewear Market Report Coverage and Deliverables
The “Military Protective Eyewear Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Military protective eyewear market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Military protective eyewear market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s five forces analysis
- Military protective eyewear market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the military protective eyewear market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Brazil, Canada, China, France, Germany, India, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America region dominated the military protective eyewear market in 2023.
High demand for personal protective equipment (PPE) and advancement & contraction in night vision technologies are some of the factors driving the growth for military protective eyewear market.
Technological advancements in military protective eyewear is one of the major trends of the market.
Tactical (Blueye Eye-wear Pty Ltd), Bolle Tactical, Gentex Corporation, Oakley Inc, Perriquest Defense Research Enterprises LLC, Revision Military Ltd, Rochester Optical, Arena Tactical, and Wiley X Inc are some of the key players profiled under the report.
The estimated value of the military protective eyewear market by 2031 would be around US$ 203.94 million.
The military protective eyewear market is likely to register of 6.7% during 2023-2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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