The Global Military Wearables Market Size was valued at nearly USD 4.7 billion by 2018 and is estimated to reach up to USD xx.xx billion by 2025. According to the latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 9.3% during the forecast period that is 2019-2025. The increasing requirement for soldier’s coordination and training, rising asymmetric warfare, alleged geopolitical war, and soldier modernization programs, among others, are some of the factors driving the growth of the military wearables market. Also, enlarging investments in the development and integration of advanced wearable modernization to overpower limitations of existing military wearables is also advancing the growth of this market.  

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global military wearables market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global military wearables market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.  

Segment Analysis

By Wearable Type Insights: The wearable type segment is projected to drive the military wearables market by 2025. The body-wear type is expected to witness the largest share of the military wearables market by 2025. The utilization of high-end body-wear which can be Coherent with multiple sensors and wearable products is sustaining the growth of the body-wear segment. The adoption of advanced body diagnostics sensors and wireless chargers in smart textiles for health monitoring and powering different wearable is expected to fuel the growth of the body-wear segment. The sensor in smart textiles can detect a heartbeat, pulse rate, and other fitness & medical metrics and carry them to a transmitter to detect any change in the health of soldiers.

By Technology Type Insights: Technology type analysis, the connectivity segment of the military wearables market is predicted to witness rapid growth by the highest CAGR during the projected timeframe. The vision & surveillance segment accounted for the largest share of the military wearables market in 2018. The connectivity is anticipated to grow with the highest CAGR over the forecasted timeframe from 2019-2025. The advancement of the cutting-edge headset for diplomatic communication, wearables computers to track enemy targets, and dismounted PNT for positioning & communication are driving the growth of the military wearables market during the forecasted timeframe.

By End-User Insights: The end-user segment, airborne of the military wearable is anticipated to grow at the highest CAGR during the forecasted time frame from 2019 to 2025. The armed forces of various countries across the world have increased the adoption of military wearables to enhance the warfighting capabilities of their soldiers.

Regional Analysis

The global military wearable market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America military wearables market is expected to grow at the highest CAGR by 2025. The growing market in this region can be attributed to the rising demand for military wearables from the defense by the number of countries in the region. The US and Canada are investing massively in the development of modern unified wearable technologies. Thereby, expanding product developments and investments in the military wearables market by defense research agencies, Original Equipment Manufacturers, and start-ups are driving the growth of the military wearables market in the region.

Global Military Wearable Market Size, Share Analysis by Region 2017

Global Military Wearable Market Study Objective

1. To forecast the market size of the military wearable market along with describing and defining the market in terms of volume and revenue.

2. Market analysis and forecast of military wearable market based region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of military wearable market, such as drivers, restraints, challenges and opportunities.

4. The regional analysis of the military wearable market, to urge the market size of five global major regions, which includes Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the military wearable market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders to provide a competitive landscape for the global market players.

8. To profile major market player and to analyze their market shares and essential competence comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of military wearable market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of military wearable market commercially.

Key Players

The major contributors in the military wearables market are Saab AB, General Dynamics, Harris Corporation, L-3 Technologies, Rheinmetall AG, Safran, Lockheed Martin Corporation, BAE Systems, Elbit Systems, Aselsan A.S., among others.

The major military wearables for land applications, communication & computing, and vision & surveillance and others productions are Aselsan Baku Company, Aselsan Malaysian Sdn. Bhd, SADEC LLC., Aselsan Middle East PSC. Ltd, IGG, Aselsan Integrated Systems LLC, and Kazakhstan Aselsan Engineering LLP.

Global Military Wearable Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.