Military Wearables Market Forecasts to 2030 - Global Analysis By Wearable Types (Wristwear, Bodywear, Headwear, Hearables, Eyewear and Other Wearable Types), Technology, End User and By Geography

According to Stratistics MRC, the Global Military Wearables Market is accounted for $3.21 billion in 2023 and is expected to reach $4.17 billion by 2030 growing at a CAGR of 3.8% during the forecast period. The military wearables are the equipment used by soldiers during the missions or military exercises. Global soldier casualties are decreased thanks to the technology. Military wearables come in a variety of forms, including headgear, eyewear, bodywear, and others. Military wearables enable total situational awareness, improve communication between troops and military stations, and monitor soldiers' physical health while they are on missions.

According to an analysis by the Stockholm International Peace Research Institute (SIPRI), the Consolidated Region military spending has increased by 2.6% and reached the value of USD 1981 Million in 2021.

Market Dynamics:

Driver:

Adoption of cutting-edge wearable technologies

Revolutionary innovations like military wearables have the potential to change the way the armed services operate. A captive wireless network that connects the soldier-mounted wired micro sensors to a centralised server in the cloud is an option. By improving connectivity with the crew, this will aid in the monitoring of soldiers' health and performance. Fully digital battlefield management would be achieved by the use of implantable sensor technology. Market expansion is being fuelled by this cutting-edge technology.

Restraint:

Adoption of conventional equipment

The purchase of traditional combat gear by emerging economies rather than cutting-edge military wearables is expected to hinder market growth. Exoskeletons, intelligent fabrics, energy and power management, and communication systems are more expensive than standard machinery. High inflation, a low GDP, and low military spending encourage nations to purchase traditional weapon systems rather than invest in cutting-edge military technology.

Opportunity:

Increased demand for coordination and training among soldiers

Military wearables keep tabs on the soldiers' movements and give the military office real-time situational knowledge, which enhances the soldiers' teamwork. Military wearables also help with troop training. The rise of asymmetric warfare, purported geopolitical disputes, and army upgrading programmes are the causes that are fueling the market's expansion. They also increase the requirement for soldier coordination and training.

Threat:

Disorganisation in both technology and strategy

The majority of countries currently lack clarity regarding their fighting needs due to the rapidly evolving nature of battle. The expected performance of technologies and their availability are also at odds with one another. The current system-based efforts for upgrading soldiers are hampered by this lack of technical preparation from continuing forward as planned. In addition, because many countries' long-term military requirements are unclear, and because technological advancements have fallen short of expectations in terms of performance is hampering the growth.

COVID-19 Impact:

The COVID-19 epidemic has increased the demand for wearable devices to monitor oxygen levels and heart rate since they can be used to identify people with the diseases by tracking their vital signs. The declared state of lockdown and the government's ban on public meetings has slowed down the tempo of manufacturing for military wearables manufacturers worldwide. The number of orders for military equipment may decrease as government spending swings away from the epidemic and towards economic recovery.

The headwear segment is expected to be the largest during the forecast period

The headwear segment is estimated to have a lucrative growth, due to huge demand and integration of headwear with different advanced technologies such as Virtual Reality (VR) and Argument Reality (AR). A fire control computer, an integrated camera, and a display with improved low-light performance are all features of contemporary military wearables. Additionally, segmental growth was encouraged by the modernisation of military headwear, which has integrated cameras and monitors for improved low capabilities.

The vision & surveillance segment is expected to have the highest CAGR during the forecast period

The vision & surveillance segment is anticipated to witness the fastest CAGR growth during the forecast period. In-depth research has been done by businesses to create integrated military wearables with improved capabilities that give soldiers mobility, command, control, communication, sustainability, and intelligence. The newest generation of night vision goggles is made to offer better vision in a variety of settings. As a result, night vision devices and thermal cameras are being frequently used by soldiers, which is causing the market to rise.

Region with Largest share:

North America is projected to hold the largest market share during the forecast period owing to the rising R&D activities for military wearable devices and increasing investment for soldier modernization programs. To maximise each person's potential, the armed forces are implementing cutting-edge digital technologies and artificial intelligence. The primary objective of market participants is to develop a portable gadget that can show a person's general state of health. Emergency warnings and real-time tracking systems are also included in these gadgets.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to increasing threats like cross-border disputes, terrorism, and sensitive multi-cultural issues. Most countries in the region strive to increase infantry soldiers' lethality, toughness, and mobility while also turning them into stand-alone fighting formations. Increased defence spending and investments in modernising various law enforcement organisations in these countries are some factors that are propelling the growth of the military wearables market in the region.

Key players in the market:

Some of the key players profiled in the Military Wearables Market include: Honeywell International Inc., Lockheed Martin Corporation, Microsoft Corporation, General Dynamics Corporation, Leonardo S.p.A., TE Connectivity Ltd., Thales Group, Safariland LLC, Aselsan A.S., Elbit Systems Ltd., L3harris Technologies Inc., Saab AB, Rheinmetall AG, BAE Systems, Safran, Bionic Power Inc., Teledyne Dlir LLC, Ultra Electronics, TT Electronics and Mars Inc.

Key Developments:

In May 2022, Elbit Systems was awarded the contract to provide the DRICM (Direct infrared Countermeasures and EW (Electronic Warfare) systems for Airbus A330-200 MRTT Aircraft of European Air Force.

In May 2022, Thales was awarded with the contract to deliver the advance tactical radio to U. S army under the Combat Net Radio (CNR) Modernization Program. This contract was granted as part of the company's endeavor to replace its single-channel ground and airborne radio system (SINCGARS), which was outdated worth USD 6 Billion.

Wearable Types Covered:

• Wristwear
• Bodywear
• Headwear
• Hearables
• Eyewear
• Other Wearable Types

Technologies Covered:

• Exoskeleton
• Vision & Surveillance
• Communication & Computing
• Navigation
• Smart Textiles
• Power & Energy Management
• Monitoring
• Network & Connectivity Management
• Other Technologies

End Users Covered:

• Air Forces
• Land Forces
• Naval Forces
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances