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 increasing need for soldier coordination and training, rising asymmetric warfare, alleged geopolitical conflicts, and soldier modernization programs, among others are some of the factors fueling the growth of military wearables market. Additionally, rising investments in the development and integration of advanced technology to overcome limitations of existing military wearables is also contributing to the growth of this market.
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Based on technology, the vision & surveillance segment is estimated to account for the largest share of the military wearables market in 2019. The connectivity segment is projected to grow at a highest CAGR during the forecast period from 2019 to 2025. The development of cutting-edge headsets for tactical communication, wearables computers to track enemy targets, and dismounted PNT for positioning & communication is fuelling the growth of the military wearables market during the forecast period.
The bodywear segment is estimated to account for the largest share of the military wearables market in 2019. The adoption of high-end bodywear which can be integrated with multiple sensors and wearable products is fuelling the growth of the bodywear segment. The integration of advanced body diagnostic sensors and wireless chargers in smart textiles for health monitoring and powering different wearables is expected to drive the growth bodywear segment. Sensors in smart textiles can detect heartbeat, pulse rate, and other fitness & medical metrics and relay them to a transmitter to detect any change in the health of soldiers.
The North America military wearables market is projected to grow at the highest CAGR from 2019 to 2025. Increasing spending on soldier modernization programs and increased research & development activities are fuelling 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.
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Key Market Players
Major companies profiled in the report are Lockheed Martin Corporation (US), BAE Systems (UK), Elbit Systems (Israel), Aselsan A.S. (Turkey), Saab AB (Sweden), General Dynamics (US), Harris Corporation (US), L-3 Technologies (US), Rheinmetall AG (Germany), and Safran (France), among others.
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