Military Wearables Global Market Report 2024

Description

“Military Wearables Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on military wearables market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for military wearables? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The military wearables market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Wrist Wear; Modular; Eyewear; Smart Key Chains; Ear Wear; Other Types
2) By Technology: Communication And Computing; Connectivity; Navigation; Vision And Surveillance; Exoskeleton; Monitoring; Power And Energy Management; Smart Textiles
3) By End-User: Land Forces; Naval Forces; Airborne Forces
Companies Mentioned: Aselsan A.S.; Bionic Power Inc.; Lockheed Martin Corporation; BAE Systems plc; Saab AB
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Military wearables encompass advanced devices and equipment designed for the use of military personnel, seamlessly integrated into their uniforms, gear, or accessories. These technologies aim to enhance situational awareness, communication, and overall performance, ultimately contributing to the safety of troops.

The primary categories of military wearables include wristwear, modular devices, eyewear, smart key chains, earwear, and other variations. Wristwear, for instance, pertains to items worn on the wrist, such as watches and bracelets, serving a multitude of purposes for military personnel. These purposes include timekeeping, navigation, tactical information access, communication, fitness tracking, environmental monitoring, survival tools utilization, and provision of stealth and durability in challenging environments. The key technologies employed encompass communication and computing, connectivity, navigation, vision and surveillance, exoskeleton capabilities, monitoring functionalities, power and energy management, as well as smart textiles. These technologies find application across various end-users, including land forces, naval forces, and airborne forces.

The military wearables market research report is one of a series of new reports from The Business Research Company that provides military wearables market statistics, including military wearables industry global market size, regional shares, competitors with a military wearables market share, detailed military wearables market segments, market trends and opportunities, and any further data you may need to thrive in the military wearables industry. This military wearable market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The military wearables market size has grown strongly in recent years. It will grow from $3.72 billion in 2023 to $3.96 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. During the historical period, the expansion can be ascribed to soldier modernization programs, a heightened emphasis on soldier health and safety, specific requirements for special forces, the demands of urban warfare, and the integration with tactical gear.

The military wearables market size is expected to see strong growth in the next few years. It will grow to $5.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be linked to progress in health monitoring, increased utilization in training, integration with augmented reality (AR), improved communication features, and the fusion of wearable sensors. Noteworthy trends expected in the forecast period involve a concentration on ergonomic design to enhance comfort and mobility, the creation of Personal Area Network (PAN) solutions, the incorporation of advanced materials for heightened durability, the implementation of gesture control and human-machine interface, and a dedicated focus on cybersecurity measures.

The anticipated rise in defense expenditures is poised to drive the growth of the military wearables market in the future. Defense expenditure encompasses ongoing and future investments in armed forces, including peacekeeping activities conducted by defense ministries, governmental organizations working on defense initiatives, and paramilitary groups capable of participating in military operations. Various wearable gadgets and equipment integrated into a soldier's wearable or uniform within the defense organization can alleviate the need for carrying additional payloads. The armed forces are expected to experience the impact of wearable technology in the years to come. For example, according to the Stockholm International Peace Research Institute (SIPRI), global military spending reached a record $2240 billion in 2022, reflecting a 3.7% increase. Therefore, the growth of defense expenditures is a driving force behind the expansion of the military wearables market.

The increasing adoption of the Internet of Things (IoT) is set to propel the growth of the military wearables market. IoT refers to the interconnected network of physical devices, vehicles, and appliances embedded with sensors, software, and network connectivity, enabling them to collect and exchange data. The rising adoption of IoT is boosting the use of military wearables, as they leverage IoT connectivity for enhanced real-time data collection, communication, and analysis on the battlefield. Equipped with sensors and communication capabilities, military wearables improve situational awareness, decision-making, and operational efficiency, aligning with modern defense strategies. Dataprot reports that there were over ten billion active IoT devices in use in 2021, with an anticipated increase to 25.4 billion by 2030. Thus, the growing adoption of IoT is a driving factor for the military wearables market.

Technological advancement is a prominent trend gaining momentum in the military wearables market. Major companies in this sector are dedicated to innovating their products to strengthen their market position. For instance, the Air Force Research Laboratory (AFRL), in collaboration with the Nano Bio-Materials Consortium and Case Western Reserve University, introduced a wearable sensor in December 2022 for measuring biomarkers in airmen and guardians. These wearable sensors enhance the capability to capture and monitor molecular signatures in bodily fluids, crucial for monitoring the well-being of Airmen and Guardians during critical operations. These sensors can take the form of mouthguards, skin patches, or microneedle patches penetrating the epidermis into the interstitial fluid.

Key players in the military wearable market are actively innovating their products, such as the X9 Spider Wearable, to provide comprehensive individual combat capability, enabling soldiers to receive and process data while on foot and stay connected to the digital battlefield. General Micro Systems (GMS) Inc. launched the X9 Spider Wearable in October 2022, equipped with high-performance processing, communication, video capabilities, and artificial intelligence. This ruggedized, battery-powered computer can drive multiple on-body displays, connect to wireless LANs and personal area networks, store significant onboard data, and process on-board AI algorithms.

In October 2021, iT2, a US-based wearable communications solutions company operating in aviation, defense, and space markets, acquired Sonitus Technologies for an undisclosed amount. This acquisition is expected to facilitate the development of unified personal communications-based wearable solutions for defense, commercial, and consumer markets, extending the utility of apparel beyond clothing. Sonitus Technologies is a US-based company specializing in military wearables.

Major companies operating in the military wearables market report are Aselsan A.S., Bionic Power Inc., Lockheed Martin Corporation, BAE Systems plc, Saab AB, General Dynamics Corporation, Elbit Systems Ltd., L3Harris Corporation, Rheinmetall AG, Safran S.A, Thales Group, Northrop Grumman Corporation, Ultra Electronics Holdings, Teledyne Flir LLC, Leonardo S.P.A., Viasat Inc., TE Connectivity Ltd., TT Electronics PLC., Interactive Wear AG, Epsilor-Electric Fuel Ltd., Glenair Inc., Milpower Source Inc., Safariland L.L.C., Singapore Technologies Engineering Ltd., Honeywell International Inc., Raytheon Technologies Corporation, Alpha Design Technologies, Revision Military, SECRE International Inc., Tactical Systems Group

Asia-Pacific was the largest region in the military wearables market in 2023. The regions covered in the military wearables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the military wearables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The military wearable market consists of sales of various wearables such as heads-up display, augmented reality (AR) glasses, and body armor. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11933

1. Executive Summary

2. Military Wearables Market Characteristics

3. Military Wearables Market Trends And Strategies

4. Military Wearables Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Military Wearables Market Size and Growth

5.1. Global Military Wearables Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Military Wearables Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Military Wearables Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Military Wearables Market Segmentation

6.1. Global Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Wrist Wear
Modular
Eyewear
Smart Key Chains
Ear Wear
Other Types
6.2. Global Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Communication And Computing
Connectivity
Navigation
Vision And Surveillance
Exoskeleton
Monitoring
Power And Energy Management
Smart Textiles
6.3. Global Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Land Forces
Naval Forces
Airborne Forces

7. Military Wearables Market Regional And Country Analysis

7.1. Global Military Wearables Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Military Wearables Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Military Wearables Market

8.1. Asia-Pacific Military Wearables Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Military Wearables Market

9.1. China Military Wearables Market Overview
9.2. China Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Military Wearables Market

10.1. India Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Military Wearables Market

11.1. Japan Military Wearables Market Overview
11.2. Japan Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Military Wearables Market

12.1. Australia Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Military Wearables Market

13.1. Indonesia Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Military Wearables Market

14.1. South Korea Military Wearables Market Overview
14.2. South Korea Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Military Wearables Market

15.1. Western Europe Military Wearables Market Overview
15.2. Western Europe Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Military Wearables Market

16.1. UK Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Military Wearables Market

17.1. Germany Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Military Wearables Market

18.1. France Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Military Wearables Market

19.1. Italy Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Military Wearables Market

20.1. Spain Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Military Wearables Market

21.1. Eastern Europe Military Wearables Market Overview
21.2. Eastern Europe Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Military Wearables Market

22.1. Russia Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Military Wearables Market

23.1. North America Military Wearables Market Overview
23.2. North America Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Military Wearables Market

24.1. USA Military Wearables Market Overview
24.2. USA Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Military Wearables Market

25.1. Canada Military Wearables Market Overview
25.2. Canada Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Military Wearables Market

26.1. South America Military Wearables Market Overview
26.2. South America Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Military Wearables Market

27.1. Brazil Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Military Wearables Market

28.1. Middle East Military Wearables Market Overview
28.2. Middle East Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Military Wearables Market

29.1. Africa Military Wearables Market Overview
29.2. Africa Military Wearables Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Military Wearables Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Military Wearables Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Military Wearables Market Competitive Landscape And Company Profiles

30.1. Military Wearables Market Competitive Landscape
30.2. Military Wearables Market Company Profiles
- 30.2.1. Aselsan A.S.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Bionic Power Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Lockheed Martin Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. BAE Systems plc
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Saab AB
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Military Wearables Market Competitive Benchmarking

32. Global Military Wearables Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Military Wearables Market

34. Military Wearables Market Future Outlook and Potential Analysis

34.1 Military Wearables Market In 2028 - Countries Offering Most New Opportunities
34.2 Military Wearables Market In 2028 - Segments Offering Most New Opportunities
34.3 Military Wearables Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer