About Military Wearable
Military wearable enables soldiers to track and be tracked in real-time with great precision. Increasing spending by the government on military modernization program propelling the market growth. For instance, U.S. Army Futures Command is working towards the development of small, wearable tokens that will allow solders simple, non-contact access to protect battlefield networks while serving in the field. Moreover, BAE Systems received a contract worth USD 97 million from the US Army to supply new thermal weapon sights and night vision goggles for the ENVG III/FWS-I program. In addition, rising demand from the developing economies expected to drive the market demand during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Military Wearable market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lockheed Martin Corporation (United States), BAE Systems (United Kingdom), Elbit Systems (Israel), Aselsan A.S. (Turkey), Saab AB (Sweden), General Dynamics (United States), Harris Corporation (United States) and L-3 Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Rheinmetall AG (Germany) and Safran (France).
Segmentation Overview
AMA Research has segmented the market of Global Military Wearable market by Type (Wearable, Headwear, Eyewear, Wristwear, Bodywear and Hearables) and Region.
On the basis of geography, the market of Military Wearable has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Communication & Computing [Tactical Multiband Radios, Tactical Headsets, Wearable Computers, Embedded Antennas] will boost the Military Wearable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Land Forces will boost the Military Wearable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing On Development of Lightweight Military Wearables
Market Growth Drivers:
Rising Adoption of Military Wearables Owing to Growing Asymmetric Warfare and Growing Focus on Military Modernization Program Globally
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
High Preference for Conventional Warfare Systems in the Emerging Economies
Opportunities:
Integration of Nanotechnology in the Military Wearables and Increasing Demand from the Developing Economies Such As India, China, and Others
Market Leaders and their expansionary development strategies
In September 2019, Elbit Systems DSEI 2019 display (booth S-2 120 and Royal Navy booth) will include new wearable devices for the dismounted warrior. As warfare becomes increasingly networked, Elbit Systems’ new devices address the requirement from infantry commanders and soldiers to enhance their interface with Command and Control (C2) applications, with other force members and with external sensing assets, thereby stepping-up situational awareness and combat effectiveness.
In October 2022, General Micro Systems launched its battery-powered “X9 Spider Wearable” S1502-MP mobile computer intended for dismounted soldiers and Marines who need on-the-move high-performance processing, communications, video, database access and artificial intelligence (AI). Designed from the ground up to offer the most compute power and I/O in the smallest, lightest weight battery-powered package, X9 Spider Wearable can drive up to four on-body displays; connect to wireless LANs and personal area networks (PANs); uplink to mounted assets like vehicles or command posts; store up to 20TB of onboard data, and connect to high-rate body sensors while processing on-board AI algorithms such as image/facial recognition, target tracking or sensor fusion.
Key Target Audience
Military Wearable Providers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.