Report : North America Military Protective Eye-Wear Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Safety Eye-wear, Ballistic Protection Eye-wear, and Laser Protection Eye-wear) and End User (Paramilitary Forces and Armed Troops)
Ballistic Protection Eyewear Segment to Dominate North America Military Protective Eye-wear Market during 2021–2028
According to a new market research study on “North America Military Protective Eye-wear Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End User” is expected to reach US$ 58.38 million by 2028 from US$ 40.84 million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the North America military protective eye-wear market along with the drivers and restraints pertaining to the market growth. Rise in demand for personal protective equipment (PPE) is the major factor driving the growth of the North America military protective eye-wear market. However, issues associated with the high cost associated with military protective eye-wear hinder the growth of North America military protective eye-wear market.
The North America military protective eye-wear market is segmented into type, end user, and country. Based on product type, the North America military protective eye-wear market is categorized into safety eye-wear, ballistic protection eye-wear, and laser protection eye-wear. The ballistic protection eye-wear segment dominated the market in 2020 and laser protection eyewear segment is expected to be the fastest growing during the forecast period. Based on application, the North America military protective eye-wear market is bifurcated into paramilitary forces and armed troops. The armed troops segment dominated the market in 2020 and paramilitary forces segment is expected to be the fastest growing during the forecast period. Based on country, North America military protective eye-wear market is classified into US, Canada, and Mexico.
The North America region comprises of the largest spending country in military technologies i.e., the United States. The U.S. has highest military expenditure across the world that makes this region largest market for military technologies. In addition, the military technology manufacturers also observed drop in deliveries for new defense technologies; cancelation or rescheduling of military orders and delivery; labor shortage; and other factors that hampered their businesses and ability to deliver substantial volumes of new products to the customers. The increase in order backlogs and orders along with disrupted supply chain led to decline in the revenues of the military protective eye-wear market.
Blueye Tactical Eye-wear; Bolle Safety; Eye Safety Systems, Inc. (ESS); Gentex Corporation; Perriquest Defense Research Enterprises; Revision Military Ltd; Rochester Optical; Shalon Chemical Industries Ltd; Smith Optics; and Wiley X, Inc are among the leading companies in the North America military protective eye-wear market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Revision Military has been awarded a contract by the Swedish Armed Forces to deliver Military Protective Eye-wear Systems.
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