Military Wearables Market : Revenue, Share and Forecast To 2025
This report provides an analysis of the military wearables market for the forecast period from 2019 to 2025. The report analyzes the factors that are driving and restraining the growth of the military wearables market as well as the challenges faced by the market. It also provides information on the growth opportunities for the market. The military wearables market is projected to grow from USD 4.2 billion in 2019 to USD 6.4 billion by 2025, at a CAGR of 7.17% during the forecast period. Key factors fueling the growth of the market are the growing demand for military wearables due to increased spending of countries on soldier modernization programs, rising instances of cross-border conflicts, and increasing incidences of asymmetric warfare across the globe.
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Based on end user, the military wearables market has been segmented into land forces, naval forces, and airborne forces. The airborne forces segment of the military wearables market is projected to grow at the highest CAGR during the forecast period. Military forces of different countries across the globe have increased the use of military wearables to enhance the warfighting capabilities of their soldiers.
Military Wearables Market
Based on technology, the military wearables market has been segmented into communication and computing, connectivity, navigation, vision & surveillance, exoskeleton, monitoring, power & energy management, and smart textiles. The connectivity segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing spending of military forces of different countries on the development of various wearable technologies under their ongoing soldier modernization programs. The inception of numerous vision devices, especially those dedicated to augmented reality, is expected to have a significant impact on the overall growth of the vision segment of the military wearables market.
Based on wearable type, the military wearables market has been segmented into headwear, eyewear, wristwear, hearables, and bodywear. The eyewear segment of the market is projected to grow at the highest CAGR between 2019 and 2025. The demand for different wearable types is also increasing across the globe due to the rising instances of the asymmetric warfare, increasing number of close combat operations being carried out by defense forces of different countries, and growing incidences of cross-border conflicts and disputes. The key players are tapping this increasing demand for military wearables by offering modern, miniaturized, and integrated military wearables to end users.
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