Military Wearables Market by End User (Land, Airborne, and Naval), Technology (Communication and Computing, Connectivity, Navigation, Vision & Surveillance, Exoskeleton, Power & Energy Management), Wearable Type and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The Military Wearables Market size is projected to reach a CAGR of 7.5% to 2028.
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Military wearables help in monitoring the physical state of soldiers during missions, enhance communication between troops & military stations, and provide complete situational awareness. The other benefits of military wearables include their withstanding capability in sustaining harsh environmental conditions such as high temperatures, inside water, and others.
The increasing need for soldier coordination and training, rising asymmetric warfare, alleged geopolitical conflicts, and soldier modernization programs, among others are some of the factors that have supported long-term expansion for Military Wearables Market.
Top Key Players of Military Wearables Market
· Lockheed Martin Corporation
· BAE Systems
· Saab AB
· General Dynamics Corporation
· Elbit Systems Ltd.
· ASELSAN A.? L3Harris Technologies Inc
· Rheinmetall AG
· Safran
· Rheinmetall AG
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Regional Analysis
The North America military wearables market is projected to grow at the highest CAGR during the forecast period. Increasing spending on soldier modernization programs and increased research & development activities are fueling the growth of the military wearables during the forecast period. Advancement in technologies such as exoskeleton, smart textiles, power & energy management, and communication & computing is fueling the demand for military wearables in this region.
Recent Developments
· In November 2018, Lockheed Martin received a contract worth USD 7 million from the US Army Natick Soldier Research, Development, and Engineering Center (NSRDEC) for the enhancement of the ONYX exoskeleton.
· In March 2018, BAE Systems secured a contract worth USD 97 million from the US Army for the supply of new night vision goggles and thermal weapon sights.
Military Wearables Market is segmented into end user, technology, wearable type and region.
On the basis of Technology
· Communication & Computing
· Connectivity
· Navigation
· Vision & Surveillance
· Exoskeleton
· Monitoring
· Power and energy management
· Smart textiles
On the basis of End-User
· Land Forces
· Airborne Forces
· Naval Forces
On the basis of Wearable Type
· Headwear
· Eyewear
· Wristwear
· Bodywear
· Hearables
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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