Global Military Wearable Sensors Market 2024-2028
The military wearable sensors market is forecasted to grow by USD 187.4 mn during 2023-2028, accelerating at a CAGR of 7.28% during the forecast period. The report on the military wearable sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased spending on military modernization programs, increased focus on developing biosensors, and battlefield digitization.
Technavio's military wearable sensors market is segmented as below:
By Type
- Device-based sensors
- Clothing-based sensors
By Application
- Headwear
- Bodywear
- Eyewear
- Wristwear
- Hearables
By Geography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the usage of iot and big data in militaries as one of the prime reasons driving the military wearable sensors market growth during the next few years. Also, increasing demand for smart glasses and focus on network-centric warfare will lead to sizable demand in the market.
The report on the military wearable sensors market covers the following areas:
- Military wearable sensors market sizing
- Military wearable sensors market forecast
- Military wearable sensors market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military wearable sensors market vendors that include 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 Corp., Rheinmetall AG, Saab AB, Safran SA, TE Connectivity Ltd., Teledyne Technologies Inc., Thales Group, TT Electronics Plc, and Viasat Inc.. Also, the military wearable sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.