Military Wearable Market Is Driven By Growing Penetration Of Advanced Tools In Military And Defense Industry

According to a new market research report published by Brisk Insights “Global Military Wearable Market (Land Forces, Naval Forces, Airborne Forces), Technology Segment (Communication & Computing, Connectivity, Navigation, Vision & Surveillance, Exoskeleton, Monitoring, Power & Energy Management, Others) Wearable Type (Headwear , Eyewear, Wristwear, Hearable , Bodywear)) – Growth, Future Prospects and Competitive Analysis,2019 - 2027”, the overall military wearable market worldwide was valued at US$ 3.90 Bn in 2018 and is set to grow with a CAGR of 7.7% during the forecast period.

Market Insights

The primary purpose of the military wearable is to track a soldiers or to either track or be tracked in real-time with great precision and ensures the safety of the soldiers by reducing the risk of failure during operations. There are various companies which are investing in research and development for enhancing the current product and develop new. Additionally, there are various rugged variable devices which are used as a part of wearable these devices offer durable and powerful computing for Navy Army, Air Force, Coast Guard and Marine units. The ability of the devices to operate during various unwanted conditions without getting damage, for instance these devices can withstand high temperature; can operate in water to a certain extent, and others.

Based on wearable type the military wearable market has been segmented as headwear, eyewear, wristwear, hearable, and bodywear. The bodywear segment is estimated to hold the largest share of the military wearables market in 2018. The increasing adoption of high-end bodywear which are integrated with several sensors and wearable products is one of the factor for driving the bodywear segment.

Asia-Pacific is expected to be the fastest growing market due to the presence of various developed and developing countries such as China, Japan, India, South Korea, and others in the region which are highly investing in improving their military and defense equipments. The demand for consumer electronics and electronic vehicle is growing with high rate. The increasing disposable income in the region is a factor driving the market in the region. Moreover, the presence of various manufacturing companies of testing instrument in the region also drives the market. Norinco, a Chinese enterprise, is developing a new generation of military exoskeletons which is expected to enables the soldiers to carry 100kg of weight without any struggle.

Some of the major companies working in the military wearable market are BAE Systems PLC, Aselsan A.S., Bionic Power Inc., Flir Systems, Elbit Systems Ltd., General Dynamics Corporation, L3 Technologies, Inc., Harris Corporation, Leonardo S.p.A., Northrop Grumman Corporation, Lockheed Martin Corporation, Rheinmetall AG,  Safran S.A., Saab AB, Thales Group, Interactive Wear AG, Ultra Electronics Holdings, among others.

Browse the full report at https://www.briskinsights.com/report/military-wearables-market

The Global Military Wearable Market is Segmented into:

*Complete segmentation list is on report page