Market Share of Military Helmet And Helmet Mounted Display Systems Industry
The military helmets and helmet mounted display systems market is semi-consolidated, with a few players holding significant shares. Some of the key players in the market are RTX Corporation, THALES, 3M, BAE Systems PLC, and Honeywell International Inc. Key OEMs are highly investing in developing next-generation helmet-mounted displays that would improve soldiers' safety.
For instance, in August 2023, Collins Elbit Vision Systems (CEVS) received a two-year contract worth USD 16.8 million from the US Navy to update a head-worn device that allows fighter pilots to cue aircraft weapons and sensors for target acquisition. Under the contract, the company will develop, engineer, and test the Improved Joint Helmet Mounted Cueing System. Also, in July 2022, Elbit Systems Ltd launched an innovative technological vision suite for military helicopters. The new suite integrates a sensor array, a unique helmet-mounted display (HMD) system, and an artificial intelligence (AI)- powered mission computer.
Military Helmet And Helmet Mounted Display Systems Market Leaders
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RTX Corporation
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BAE Systems plc
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THALES
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3M
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Honeywell International Inc.
*Disclaimer: Major Players sorted in no particular order
