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Military Wearable Sensors Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Aug 2020
  • Pages: 120
  • SKU: IRTNTR44458
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The military wearable sensors market size has the potential to grow by USD 147.29 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (device-based sensors and clothing-based sensors) and geography (North America, Europe, APAC, MEA, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Analog Devices Inc., Arm Ltd., BAE Systems Plc, DuPont de Nemours Inc., Honeywell International Inc., Leidos Holdings Inc., Panasonic Corp., Rheinmetall AG, Safran SA, and Texas Instruments Inc.

What will the Military Wearable Sensors Market Size be in 2020?

Military Wearable Sensors Market Size

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Who are the Major Military Wearable Sensor Vendors?

The market is fragmented. The players in this marketspace mainly compete based on factors such as availability, quality, price, and technology. To survive in this competitive environment, the vendors have the need to develop new technologies and products. Analog Devices Inc., Arm Ltd., and BAE Systems Plc are some of the major market participants. Although the increased spending on military modernization programs will offer immense growth opportunities, the high cost of R&D will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this military wearable sensors market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this military wearable sensors market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Analog Devices Inc.
  • Arm Ltd.
  • BAE Systems Plc
  • DuPont de Nemours Inc.
  • Honeywell International Inc.
  • Leidos Holdings Inc.
  • Panasonic Corp.
  • Rheinmetall AG
  • Safran SA
  • Texas Instruments Inc.

Which are the Key Markets for Military Wearable Sensors?

Military Wearable Sensors Market Market segmentation by region

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North America was the largest military wearable sensors market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The region is developing innovative wearable technologies for soldier health monitoring and to enhance the data security of military platforms that collect and transmit data remotely. The countries in this region have also partnered with many developers to manufacture a device which will record the brain and muscle activities of soldiers on the field. This will significantly drive military wearable sensors market growth in this region over the forecast period.

38% of the market's growth will originate from North America during the forecast period. The US is one of the key markets for military wearable sensors in North America. Market growth in this region will be slower than the growth of the market in APAC and MEA.

What are the Major Type Segments in the Military Wearable Sensors Market?

Military Wearable Sensors Market Segmentation

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During 2020, the global military device-based sensors segment accounted for the major shares of this market. The segment includes goggles, keychains, watches, and activity and health tracking wristbands. These devices include a global positioning system (GPS) to monitor and track the position of personnel and physical structures on the field. Additionally, GPS provides real-time data to soldiers for situational awareness. Market growth in this segment will be slower than the growth of the market in the cloth-based sensors segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the military wearable sensors market size.

How will Development of Biosensors Influence Military Wearable Sensors Market Growth?

According to our military wearable sensors market analysis, the increasing focus on the development of biosensors to monitor the mental health of a soldier is one of the primary growth factors for the market. The vendors are increasingly focusing on the development of a device that can monitor the mental health of a soldier. This device will have the need to be highly accurate and should be capable of integrating with other devices for the real-time transfer of data. The Defense Advanced Research Projects Agency (DARPA) and the US Army Research have already collaborated with Profusa to develop biosensors that can provide real-time health updates. Technavio's market research analysts predict that this market will grow at a CAGR of over 6% by 2024.

One of the key military wearable market trends, the development of next-generation sensors, will gain traction in this market space. Researchers are looking for the development of a sensor that is light in weight and small in size, which can be implanted into the skin or integrated with the existing soldier protection systems. Researchers at the Massachusetts Institute of Technology have already developed a wireless device to detect the presence of toxic gases.

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What are the Key Factors Covered in this Military Wearable Sensors Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive military wearable sensors market growth during the next five years
  • Precise estimation of the military wearable sensors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the military wearable sensors industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of military wearable sensors market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five force summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Device-based sensors - Market size and forecast 2019-2024
  • Clothing-based sensors - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Analog Devices Inc.
  • Arm Ltd.
  • BAE Systems Plc
  • DuPont de Nemours Inc.
  • Honeywell International Inc.
  • Leidos Holdings Inc.
  • Panasonic Corp.
  • Rheinmetall AG
  • Safran SA
  • Texas Instruments Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Military Wearable Sensors market growth will increase by $147.29 million during 2019-2024.
The military wearable sensors market is expected to grow at a CAGR of 6.42% during 2019-2024.
Technavio has segmented the military wearable sensors market by type (Device-based sensors and Clothing-based sensors) and geographic (North America, Europe, APAC, MEA, and South America).
Analog Devices Inc., Arm Ltd., BAE Systems Plc, DuPont de Nemours Inc., Honeywell International Inc., Leidos Holdings Inc., Panasonic Corp., Rheinmetall AG, Safran SA, Texas Instruments Inc. are a few of the key vendors in the military wearable sensors market.
North America will register the highest growth rate of 37.68% among the other regions. Therefore, the military wearable sensors market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Germany
  • France
  • Russian Federation
The key factors driving the military wearable sensors market growth are:
  • Increased spending on military modernization programs
The military wearable sensors market vendors should focus on grabbing business opportunities from the device-based sensors segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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