Report : South 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)

Armed Troops Segment to Dominate MEA Military Protective Eye-wear Market during 2021–2028

According to a new market research study on “MEA 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$ 3.85 million by 2028 from US$ 3.26 million in 2021. The market is estimated to grow at a CAGR of 2.4% from 2021 to 2028. The report provides trends prevailing in the MEA military protective eye-wear market along with the drivers and restraints pertaining to the market growth. High demand for personal protective equipment (PPE) is the major factor driving the growth of the MEA military protective eye-wear market. However, issues associated with the high cost associated with military protective eye-wear hinder the growth of MEA military protective eye-wear market.  

The MEA military protective eye-wear market is segmented into type, end user, and country. Based on product type, the MEA 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 MEA 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, MEA military protective eye-wear market is classified into Brazil and Rest of SAM.

The South American military industry comprises of top defense spending countries such as Brazil, Colombia, Chile, Argentina, and Peru. In 2020, Brazil’s military spending accounted for almost 45% of the South American military expenditure, according to the market research study. In 2020, Brazilian defense sector has witnessed plans to enhance its defense capabilities both regionally and internationally. For instance, in March 2020, Brazil and the United States signed an agreement for the development of mutual defense capabilities, which was heralded as a significant step to the coordination of joint US-Brazil policy. Certainly, Brazil stands to be a major recipient of American aid in the expansion of military capacity, while simultaneously aspiring to channel economic growth to enhance its defense capabilities. However, Brazil has spent only around 1.5% (USD 25.9 Billion) of its GDP in 2019. Currently, Brazil’s defense industry consists of 220 companies and serves around 85 countries worldwide wherein some of the vendors have also witnessed a decline in their revenues due to demand & supply gap along with supply chain and transportation & logistics challenges.

Blueye Tactical Eye-wear; Bolle Safety; Eye Safety Systems, Inc. (ESS); Gentex Corporation are among the leading companies in the MEA 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, Bollé Safety, a specialist in the development of personal protective equipment (PPE) eye-wear, has announced a partnership with Welsh firm, RotoMedical.

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