According to the new market
research report on the "Military
Wearables Market by End User (Land, Airborne, and Naval), Technology
(Communication and Computing, Connectivity, Navigation, Vision &
Surveillance, Exoskeleton, Power & Energy Management), Wearable Type,
Region - Global Forecast to 2025", The military wearables market is
projected to grow from USD 4.2 billion in 2019 to USD 6.4 billion by 2025, at a
CAGR of 7.2% from 2019 to 2025. The increase in defense spending and ongoing
soldier modernization programs are some of the factors expected to drive the
growth of the military wearables market.
Browse 80 market data Tables and
49 Figures spread through 164 Pages and in-depth TOC on "Military
Wearables Market - Global Forecast to 2025"
View detailed Table of Content here –
“Increase in defense spending and
ongoing soldier modernization programs are key factors fueling the growth of
the military wearables market across the globe.”
The rising instances of
asymmetric warfare and increasing demand for improved and efficient military
wearables to reduce troop casualties across the globe are expected to fuel the
growth of the military wearables market. Increased focus by the defense
industry to develop advanced military wearables is also fueling the growth of
military wearables market.
“Based on end user, the airborne forces
segment of the military wearables market is projected to grow at the highest CAGR
during the forecast period.”
Based on end user, the airborne
forces segment of the military wearables market is projected to grow at the
highest CAGR during the forecast period. Military forces of different countries
across the globe have increased the use of military wearables to enhance the
warfighting capabilities of their soldiers. Airborne forces in the North
American region shows a significant demand for augmented reality & virtual
reality-based military wearables for training and combat applications.
“The bodywear segment is projected
to lead the military wearables market from 2019 to 2025.”
Based on wearable type, the
eyewear segment of the market is projected to grow at the highest CAGR during
the forecast period. Augmented Reality (AR) and Virtual Reality (VR) based
eyewear products are expected to witness increased demand from defense forces
worldwide for warfare and training activities. Companies are constantly working
for the development of a number of cutting-edge technologies in the field of
military wearables to enable troops to make impromptu decisions in
battlefields.
“The North America military
wearables market is projected to grow at the highest CAGR during the forecast
period.”
The North America military
wearables market is projected to grow at the highest CAGR from 2019 to 2025.
The growth of the market in this region can be attributed to the rising demand
for military wearables from defense forces of different countries of the
region. The US and Canada are investing heavily in the development of modern
integrated wearable technologies. Moreover, increasing product developments and
investments in the military wearables ecosystem by defense research agencies,
Original Equipment Manufacturers (OEMs), and start-ups are fueling the growth
of the military wearables market in North America.
Major companies profiled in the
report are Lockheed Martin Corporation
(US), BAE Systems Plc. (UK), Elbit Systems Ltd. (Israel), Aselsan A.S.
(Turkey), Saab AB (Sweden), General Dynamics Corporation (US), Harris
Corporation (US), L3 Technologies (US), Rheinmetall AG (Germany), and Safran (France),
among others.
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