April 4, 2020

Military Wearable Market (7.7% CAGR) 2019 to 2027: Global Industry Size, Share, Growth, Trends and Forecast

According to a new market research report published by Credence Research “Global Military Wearable Market – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall military wearable market worldwide was valued at US$ 3.90 billion in 2018 and is set to grow with a CAGR of 7.7% over the forecast period.

Market Insights

The primary purpose of the military wearable is to track or track soldiers in real-time with great precision and ensure the safety of soldiers by reducing the risk of failure during operations. There are several companies that are investing in research and development to improve the current product and to develop new ones. In addition, there are a variety of rugged variable devices that are used as part of the wearables that offer durable and powerful computing for Navy, 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.

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

Based on the wearable type, the military wearable market was segmented as headwear, eyewear, wristwear, hearing aid and bodywear. It is estimated that the bodywear segment will hold the largest share of the military wearables market in 2018. The increasing adoption of high-end bodywear, which is integrated with several sensors and wearable products, is one of the driving factors of 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.

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59803

Report Scope by Segments

By End-User Segment

  • Land Forces
  • Naval Forces
  • Airborne Forces

By Technology Segment

  • Communication & Computing
  • Connectivity
  • Navigation
  • Vision & Surveillance
  • Exoskeleton
  • Monitoring
  • Power & Energy Management
  • Others

By Wearable Type Segment

  • Headwear
  • Eyewear
  • Wristwear
  • Hearable
  • Bodywear

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59803

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