DUBLIN, Dec. 5, 2019 /PRESSDAILY.COM/ — The “North America Military Protective Eyewear Market to 2027 – Regional Analysis and Forecasts by Type; End User” report has been added to ResearchAndMarkets.com’s offering.
The North America military protective eyewear market was valued at US$ 25.2 Mn in 2018 and is expected to reach US$ 38.9 Mn by 2027 with a CAGR growth rate of 5.1% in the forecast period from 2019 to 2027.
The North America military protective eyewear market is experiencing a steady growth in the forecast period, on account of the increasing military spending in the region. Growing demand for eye protection devices to avoid injuries caused by harmful radiations or flying objects are anticipated to drive the North America military protective eyewear market. Furthermore, stringent regulations mandated by the government bodies in the U.S, Canada, and Mexico are also anticipated to impact military protective eyewear market growth.
The manufacturers that make up the North American aerospace & defense industry are playing a substantial role in the U.S. Thus, substantial contribution in the military sector by the government of the U.S. helps to drive the military protective eyewear market.
Furthermore, the major end-users of military protective eyewear market are paramilitary forces and armed troops. Several manufacturers are upgrading the military devices to protect the armed forces from growing laser attacks. Government of the U.S. have implemented regulations regarding the safety of military personnel in the country, which is predictable to drive the military protective eyewear market. Also, growth in dangerous weapons is anticipated to drive the market. Increase in demand for eyewear devices that protect eyes from laser radiation is expected to boost the military protective eyewear market in the coming years.
The North America military protective eyewear market is segmented on the type and end-user industry. Based on the type, the North America military protective eyewear market is classified into safety eyewear, ballistic protection eyewear, and laser protection eyewear. Based on end-user, the North America military protective eyewear market is bifurcated into paramilitary forces and armed troops. Armed troops segment contributed a substantial share in the North America military protective eyewear market.
The Navy, Army, Marine Corps, Coast Guard, and Air Force are the major armed troops of North America. The armed troops also needed eye protection against lethal weapons used at combat or training field. Government of the region and various companies is highly focused on providing safety eyewear glasses to protect the armed force of its region. Hence, they are rigorously investing in the market.
For instance, In October 2018, The U.S. DoD declared two contracts, each worth US$ 98.3 Mn, for the development, manufacture, and delivery of visors which protect eyes and other devices to protect pilots from lasers. The contracts went to Gentex Corporation and Teledyne Scientific & Imaging LLC. The contract would be completed by the year 2024. Hence, the investment for the armed troops in the eyewear devices is expected to drive the North America market during the forecast period.
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. North America Military Protective Eyewear Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers:
18.104.22.168 Buyer Concentration is Moderately Growing
4.2.2 Bargaining Power of Suppliers:
22.214.171.124 Weak suppliers bargaining power
4.2.3 Threats to Substitutes:
126.96.36.199 No Substitutes
4.2.4 Threats of New Entrants:
188.8.131.52 Established Players Capture the Maximum Market
4.2.5 Degree of Competition:
184.108.40.206 Well Established Players with Balanced Financial Status
4.3 Ecosystem Analysis
5. North America Military Protective Eyewear Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Growth in the Demand of Military Protective Eyewear
5.1.2 Rapid Technological Advancements in the Military Sector
5.2 Key Market Restraint
5.2.1 Stringent Rules and Regulations
5.3 Key Market Opportunity
5.3.1 Emergence of Laser Protection Eyewear
5.4 Future Trend
5.4.1 Development of fog-resistant protective eyewear
5.5 Impact Analysis of Drivers and Restraints
6. Military Protective Eyewear Market – North America Market Analysis
6.1 North America Military Protective Eyewear Market Overview
6.2 North America Military Protective Eyewear Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. North America Military Protective Eyewear Market Analysis – By Type
7.2 North America Military Protective Eyewear Market Breakdown, By Type, 2018 & 2027
7.3 Safety Eyewear
7.4 Ballistic Protection Eyewear
7.5 Laser Protection Eyewear
8. North America Military Protective Eyewear Market Analysis – By End-User
8.2 Military Protective Eyewear Market Breakdown, By End-User, 2018 & 2027
8.3 Paramilitary Forces
8.4 Armed Troops
9. North America Military Protective Eyewear Market – Country Analysis
10. Military Protective Eyewear Market – Industry Landscape
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
- 3M Company
- Arena Tactical (Arena Industries, LLC)
- Blueye Tactical (Blueye Eyewear Pty Ltd.)
- Boll Tactical
- Eye Safety Systems, Inc. (Oakley, Inc.)
- Gentex Corporation
- Perriquest Defense Research Enterprises, LLC
- Revision Military (Revision Military Ltd.)
- Rochester Optical
- Wiley X, Inc.
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