Military Wearables Market 2019-2027, Credence Research | Size, Share & Forecast

The global military wearable market worldwide was valued at US$ 3.90 billion in 2018 and is expected to grow at a CAGR of 7.7 percent over the forecast period.

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 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.

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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.

Report Scope by Segments

By End-User Segment (2017–2027; US$ Bn)
Land Forces
Naval Forces
Airborne Forces

By Technology Segment (2017–2027; US$ Bn)
Communication & Computing
Vision & Surveillance
Power & Energy Management

By Wearable Type Segment (2017–2027; US$ Bn)

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Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary

Chapter 3 Market Dynamics

Chapter 4 Global Military Wearable Market Analysis, by End-User, 2017 – 2027 (US$ Bn)
4.1 Overview
4.2 Land Forces
4.3 Naval Forces
4.4 Airborne Forces

Chapter 5 Global Military Wearable Market Analysis, by Technology, 2017 – 2027 (US$ Bn)
5.1 Overview
5.2 Communication & Computing
5.3 Connectivity
5.4 Navigation
5.5 Vision & Surveillance
5.6 Exoskeleton
5.7 Monitoring
5.8 Power & Energy Management
5.9 Others

Chapter 6 Global Military Wearable Market Analysis, by Wearable Type, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 Headwear
6.3 Eyewear
6.4 Wristwear
6.5 Hearable
6.6 Bodywear

Chapter 7 North America Military Wearable Market Analysis, 2017 – 2027 (US$ Bn)

Chapter 8 Europe Military Wearable Market Analysis, 2017 – 2027 (US$ Bn)

Chapter 9 Asia Pacific Military Wearable Market Analysis, 2017 – 2027 (US$ Bn)

Chapter 10 Rest of the World (RoW)Military Wearable Market Analysis, 2017 – 2027 (US$ Bn)

Chapter 11 Company Profiles
11.1 Aselsan A.S.
11.2 BAE Systems PLC
11.3 Bionic Power Inc.
11.4 Elbit Systems Ltd.
11.5 Flir Systems
11.6 General Dynamics Corporation
11.7 Harris Corporation
11.8 L3 Technologies, Inc.
11.9 Leonardo S.p.A.
11.10 Lockheed Martin Corporation
11.11 Northrop Grumman Corporation
11.12 Rheinmetall AG
11.13 Saab AB
11.14 Safran S.A.
11.15 Thales Group
11.16 Ultra Electronics Holdings
11.17 Interactive Wear AG
11.18 TT Electronics Plc
11.19 TE Connectivity Ltd.
11.20 Singapore Technologies Engineering Ltd
.............toc continued

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Key questions answered in this report

What was the market size of military wearable in 2018 and forecast up to 2027?
Which is the largest regional market for connectivity segment?
What are the major trends followed in military wearable market cross-different regions?
Who are the key military wearable companies leading the market?
What are the key strategies adopted by the leading military wearable companies in market?

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Name: Chris Smith
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Organization: Credence Research
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Phone: 18003618290

Release ID: 88902083