A recent market research report by Transparency Market Research presents a detailed account of the global market for military eyewear systems. The report is titled “Military Eyewear System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024.” The market has witnessed a vast rise in investment across developed as well developing economies and is expanding at a promising pace.
The vast rise in uptake of laser weapons in the military and defense sector is one of the key factors driving the market for advanced eyewear system for defense and military personnel serving in war fields. As laser weapons can prove to be detrimental to eyes, the skin, and can also sometimes lead to death, focus on the development of laser protection eyewear (LPE) has significantly increased in the past few years. Other technologically advanced devices such as night vision goggles, safety glasses, and eye shields are also witnessing increased attention from the military sector, thus driving the market for military eyewear systems.
The market is witnessing a vast rise in research activities owing to rising applications across sectors such as medical, industrial, and scientific research and development. Owing to a vast rise in number of players in the market, established companies are focusing more on developing innovative products with features to protect users from aspects such as fogging, scratches, and sand. Ways of penetrating in other application areas are also being sought by companies operating in the military eyewear systems market so as to strengthen their hold on the market.
For a more detailed overview of the global military eyewear systems market, the report segments it on the basis of a number of criteria, including technology, end use, and geography. On the basis of end user, the report covers segments such as homeland security and defense. While most products are designed keeping specific needs of defense personnel in mind, a vast set of products are also sold in commercial markets for common use. Tapping this seemingly less lucrative market could help companies struggling amid the intensely competitive military eyewear systems market gain sustainable revenue and consumer base.
Geographically, the report covers the military eyewear systems market for regions including Europe, North America, Latin America, Asia Pacific, and Middle East and Africa. Presently, North America accounts for the dominant share in the global market presently, followed by the market in Europe, owing chiefly to the vast defense and military budgets of developed countries in these regions. Asia Pacific is considered to be the most lucrative regional market over the report’s forecast period and is expected to surpass other regional markets in terms of year on year growth from 2016 to 2024. Substantial investment in R&D activities aimed at the development of laser weapons in countries such as India, Japan, and China is expected to help the Asia Pacific market remain lucrative.
The report also offers a comprehensive evaluation of the vendor landscape of the global military eyewear system market, covering the detailed business profiles of some of the leading companies in the market and an assessment of thee impact of recent developments on the growth prospects of the market. Some of the leading companies operating in the market are Shalon Chemical Industries, Revision Military (Can), Honeywell International, Inc. (U.S), ESS a subsidiary of Oakley, Inc. (U.S.), PerriQuest Defense Research Enterprise (U.S), and Gentex Corporation (U.S.).