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The Military Wearable Sensors Market is estimated to decline at a CAGR of 6.72% between 2022 and 2027, and the size of the market is forecasted to increase by USD 160.7 million. The growth of the market depends on several factors, including increased spending on military modernization programs, increased focus on developing biosensors, and battlefield digitization.
This report extensively covers market segmentation by type (device-based sensors and clothing-based sensors), application (headwear, eyewear, bodywear, wristwear, and hearables), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Modernization of the military includes changes in technological capacities. Militaries of different countries aim to be well-trained and equipped with contemporary systems of armament and technique as well as modern and interoperable tools. The modernization of the military focuses on several areas, such as control and command systems, information systems, wearable devices, equipment, and armaments.
Countries across the world are investing in modernization programs to strengthen their military capabilities. For instance, the US Army has proposed a five-year Mission Training Complex Capabilities Support contract. Such initiatives will increase the demand for military wearable sensors, which, in turn, will drive the growth of the market during the forecast period.
IoT enables the exchange of data between devices through the Internet without human intervention. The importance of big data and analytics has increased immensely. IoT technologies are used in wireless sensor networks and associated software. They typically consist of sensors that detect data and convert it into a digital signal. They also comprise digital signal processors, radio-frequency devices, and big data.
The data from sensors is passed onto a command center, where it is interpreted and integrated with inputs from other sources. Commanders communicate their orders based on the inference from the analyzed data. The data from the sensors gives the command centers more information about situations. Thus, the use of IoT and big data in the military is a key trend that will influence the growth of the market during the forecast period.
The demand for new military wearable sensors for tactical military applications is increasing across the world. Militaries of various countries are adopting advanced wearable sensors to help reduce the number of casualties on the battlefield. The demand for advanced military wearable sensors is growing due to the rise in the demand for surveillance, intelligence, and reconnaissance assets. Thus, vendors should invest significantly in the R&D of military wearable sensors to cater to the growing demand.
Vendors in the US are expected to be the largest spenders on the R&D of military wearable sensors. The development of modern military wearable sensors required years of R&D activities. Development activities include several hours of rigorous testing and documentation before commercially releasing a new product. This increases the R&D expenditure of vendors. Therefore, the high cost of R&D of military wearable sensors is expected to limit the growth of the global military wearable sensors market during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ASELSAN AS - The company offers military wearable sensors such as auxiliary systems, which help increase human performance, improve their abilities, and utilize these abilities with high efficiency. It also provides technical system expertise in design, development, production, and after-sales services for various products for the defense industry.
Elbit Systems Ltd. - The company offers wearable military sensors such as Torch X Dismounted, Raptor, and Smarteye. It also provides a broad portfolio of airborne, land, and naval systems as well as products for defense, homeland security, and commercial applications.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The device-based sensors segment will account for a significant share of market growth during the forecast period. Many wearable devices, such as goggles, keychains, watches, and activity and health-tracking wristbands, have been developed for military applications.
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The device-based sensors segment was valued at USD 280.34 million in 2017 and continued to grow until 2021. Most wearable devices include the global positioning system (GPS), which contains a sensor for monitoring and tracking the position of personnel and physical structures. GPS provides accurate information about the position and velocity of objects on the field. Integrating wearable displays with GPS provides real-time data to soldiers. These data include satellite /images that are crucial for military intelligence. Thus, GPS helps with tactical and operational decisions in real time. These factors will drive the growth of the segment during the forecast period.
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North America is estimated to contribute 37% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
The US is a key revenue contributor to the market in North America. The country is investing significantly in the R&D of wearable technology to enhance its military modernization efforts. The aerospace and defense industry in the US innovates technologically advanced aircraft and other systems. Moreover, the country is a key exporter and consumer of such machines and systems. The need to ensure national security and achieve military dominance has propelled the demand for military wearable sensors in the region. These factors will drive the growth of the market in North America during the forecast period.
In 2020, the COVID-19 pandemic negatively impacted the global military wearable sensors market, as global supply chains were disrupted, including those involved in the production and distribution of military wearable sensors. However, the market for military wearable sensors is expected to grow during the forecast period owing to the increasing need for advanced situational awareness technologies. In addition, the growing focus on soldier health and safety is expected to increase the demand for wearable sensors. Thus, the global military wearable sensors market is expected to grow during the forecast period.
The military wearable sensors market report forecasts market growth by revenue at global, regional, & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Military Wearable Sensors Market Scope |
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Report Coverage |
Details |
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Page number |
179 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 6.72% |
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Market growth 2023-2027 |
USD 160.7 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.4 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 37% |
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Key countries |
US, China, Germany, France, and Russia |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ASELSAN AS, BAE Systems Plc, Bionic Power Inc., Elbit Systems Ltd., Epsilor Electric Fuel Ltd., General Electric Co., Honeywell International Inc., Interactive Wear AG, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Systems Corp., Rheinmetall AG, Saab AB, Safran SA, TE Connectivity Ltd., Teledyne Technologies Inc., Thales Group, TT Electronics Plc, and Viasat Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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