Laser weapons, as well as gaining protection against them, has become a significant area of attention for military forces. 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. 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. Therefore, the emergence of laser protection eye-wear would create lucrative opportunities for the military protective eye-wear market in the coming years.
The military electronics industry in APAC was hit hard by the COVID-19 pandemic during the first half of 2020. The tremendous spread of SARS-CoV-2 across the region resulted in disturbances in military operations, declined movement of military aircraft, disruption of supply chains, and lowering of defiance electronics expenditure across different countries to fight the economic crisis caused during the pandemic in FY 2020. Moreover, most of the countries across Asia Pacific have lost huge revenues from their respective defense companies. For instance, Indian defense companies experienced a loss of ~US$ 3 billion in revenues from March 2020 to May 2020, which has also affected 100 large defense firms and ~4,000 small and medium aerospace and defense businesses. The lockdown has also impacted the supply of local and foreign materials for 50 major defense projects. Weapons and platforms of the Indian made are designed to use 10–20% imported components.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the military protective eye-wear market. The APAC military protective eye-wear market is expected to grow at a good CAGR during the forecast period.