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)

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)

The military protective eye-wear market in SAM is expected to grow from US$ 3.26 million in 2021 to US$ 3.85 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.

Various personal protection equipment (PPE), such as body armor, helmets, and protective eye-wear, help military, paramilitary forces, and law enforcement officers defend their eyesight from ballistic, laser, radiological, and NBC threats. The demand for such equipment has increased dramatically in recent years due to increased military activities and operations. Also, due to the elevated potential of attacks by extremist and terrorist organizations using mines, bombs, and NBC or radioactive agents, the investments in developing protective eye-wear systems for military, paramilitary, and police personnel are on rise, which drives the growth of the military protective eye-wear market growth.

Brazil, Colombia, Chile, Argentina, and Peru are among the countries in SAM with high defense spending. In 2020, Brazil’s military spending accounted for ~45% of the South American military expenditure, according to the market research study. In 2020, the Brazilian defense sector received plans to enhance its defense capabilities at regional and international levels. For instance, in March 2020, Brazil and the US 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. 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 ~1.5% (US$ 25.9 Billion) of its GDP in 2019. Currently, Brazil’s defense industry consists of 220 companies and serves ~85 countries worldwide, wherein some of the vendors have also witnessed a decline in their revenues due to demand and supply gap, along with challenges faced by vendors in supply chains, and transportation & logistics industries amid the COVID-19 pandemic.

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 in the SAM during the forecast period.

SAM Military Protective Eye-wear Market Revenue and Forecast to 2028 (US$ Million)

SAM Military Protective Eye Market Segmentation

SAM Military Protective Eye Market - by Type

Safety Eyewear Ballistic Protection Eyewear Laser Protection Eyewear SAM Military Protective Eye Market - by End User

Paramilitary Forces Armed Troops SAM Military Protective Eye Market - by Country

Brazil Rest of SAMSAM Military Protective Eye Market - Companies Mentioned

Blueye Tactical Eye-wear Bolle Safety Eye Safety Systems, Inc. (ESS) Gentex Corporation

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