The global military wearable sensors market is expected to grow with a CAGR of xx.x% during the forecast period. The value of market is registered at $xx.xx Million in 2018 and is anticipated to reach $xx.xx Million in 2025.
Sensors are an important part of soldier monitoring that enables actions and transferring the data to command centers. There is increment observed in usage of sensors as they record the physiological parameters of soldiers. This includes the level of injury or fatigue, heart rate, respiration, and hydration level. The US remains foremost while researching wearable technology to improve its military modernization efforts. The global military wearable sensor market is propelling due to advances in protection systems. Current protection systems have become ergonomic. Thus, demands for the integration of high-end sensors into the protective systems developed for soldiers.
An industry expert at research institute, says, “Vendors in the market are focusing on selling both cloth-based and device integrated sensors to keep up with the mission-specific requirements of soldiers. They are offering sensors with customized features, and these are integrated into helmets, gloves, and goggles. There are also immense investments made for the development of biosensors and tattoo sensors. This diverse product portfolio helps vendors keep up with competitors.”
Based on product type, the military wearable sensor market has been bifurcated into military clothing based sensors and military device based sensors. Military device based sensors consists goggles, watches, key chains, and health tracking enabled wristbands. The segment that accounted higher share of military wearable sensors is Military device based sensors. These devices comprise of global positioning systems to track and display the position of personnel along with physical structures on the field. In addition to that, the military based devices aided in tracking actual time data of soldiers.
Based on region, the global military wearable sensors market is divided into Europe, Asia-Pacific, North America, Latin America and Middle East & Africa. North America is dominating in military wearable sensors market share in 2016 and is likely to maintain the same in the upcoming years. As there is higher demand to enhance military modernization efforts and significant investment for monitoring and development of army’s health, which requires developing data security of military platforms is anticipated to fuel the demand for military wearable sensors over the forthcoming years. Collaborations are accomplished to develop the record and collection of data about each individual in army, registering a boost in global military wearable sensors market. The most attractive market is Europe for military wearable sensors market backed by big spending on defense. France, Germany and the U.K. are likely to occupy abundant share of military wearable sensors market over the forecast period. Asia-Pacific is a growing region for the military wearable sensors market with the higher adoption of IoT technologies for progress of its defense industry.
The global military wearable sensors market is highly uneven and there are numerous global vendors across the globe. The leading players in the military wearable sensors market are Safran Group, Ledios, Boeing, TT Electronics, Innova Design Solutions, Lockheed Martin, Rheinmetall, Arralis, and Q-Track, among others.
Key segments of ‘Global Military Wearable Sensors Market’
Based on application, the market has been segmented into,
- Wrist Wear
- Foot Wear
- Eye Wear
- Body Wear
- Neck Wear
Based on sensor type, the market has been segmented into,
- Inertial Sensors
- Pressure Sensors
- Force Sensors
- Motion Sensors
- Temperature Sensors
Based on region, the market has been segmented into,
What to expect from the upcoming report on ‘Global Military Wearable Sensors Market’:
- Future prospects and current trends of the global military wearable sensors by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing economies
- Supportive initiatives by government likely to influence the market dynamics
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
- In-depth analysis of different market segmentations including regional segmentations, and product types
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.