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Military Wearables Market - Advancements in the Military Industry Drives Growth

06-06-2018 07:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Demand for military wearables is increasing due to increasing application of smart textiles and e-textiles in wearables. Demand for military wearables is likely to increase during the forecast period. Government defense agencies are likely to invest in acquiring highly efficient military wearables. The demand for military wearables is expected to be directly proportional to advancements in the industry.

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Based on product types, the military wearables market has been segmented into eyewear, wrist wear, smart textiles, modular, ear wear, smart keychains, and others. Smart textiles is anticipated to be a major segment of the market by the end of 2016. The trend is estimated to continue during the forecast period. The major factor boosting the market is increasing demand for military wearables from developing nations such as India, Pakistan, Brazil, and Mexico.

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In addition, textile-based materials armed with electronics and nanotechnology play an important role in the growth of military uniforms. The factors driving the market are uptrend in military wearables market increasing the growth of smart textiles market and hybrid application and multi-featured mobile devices. Some of the restraining factors are high cost and lack of exhaustive regulations and standards.

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Based on applications, the military wearables market has been segmented into army, air force, navy, and others. Army is anticipated to be the major segment by the end of 2016 and the same trend is likely to continue from 2016 to 2024.

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