According to The Insight Partners 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$ 10.59 million by 2028 from US$ 7.99 million in 2021. The market is estimated to grow at a CAGR of 4.1% 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. Technological advancements in military protective eye-wear 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 South Africa, Saudi Arabia, UAE, and Rest of MEA.
The COVID-19 pandemic had witnessed negative impact on the entire MEA military technology industry. The MEA military protective eye-wear market is majorly affected by the disruption in the supply chain. Pertaining to the closure of countries' borders, the supply chain of several components and parts has been disturbed. The countries in the region-imposed lockdowns early 2020 to curb the spread of the virus, which impaired the entire aviation industry ecosystem. The region has very limited number of military protective eye-wear suppliers for the military forces in the region rely heavily on international suppliers. This is one of the key factors for the decline in revenues caused by the emergence of COVID-19. Furthermore, the region has also witnessed decline of nearly 2% in its military expenditure compared to the previous year in FY 2020.
Blueye Tactical Eye-wear; Bolle Safety; Eye Safety Systems, Inc. (ESS); Gentex Corporation; Perriquest Defense Research Enterprises; Shalon Chemical Industries Ltd; and Wiley X, Inc 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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