Military Wearable Sensors Market To Rise at Double Digit CAGR With Boeing, Leidos, Lockheed Martin, Rheinmetall, Safran, TT Electronics, Arralis, Q-Track and Inova Design Solutions

Military Wearable Sensors Market by Product Type (Device-Based Sensors, Clothing-Based Sensors), Sensor Type (Accelerometers, Inertial, Pressure, Force, Motion, Gyroscopes, Temperature, Microphones, & Others), Application and Region – Forecast till 2023

Market Research Future published a half cooked research report on military wearable sensors. The Military Wearable Sensors Market is estimated to witness a CAGR of 11% from 2018 to 2023.

The key players in global military wearable sensors market are Boeing (U.S.), Leidos (U.S.), Lockheed Martin Corporation (U.S.), Rheinmetall AG (Germany), Safran Group (France), TT Electronics Plc (U.K), Arralis (Ireland), Inova Design Solutions (U.K), and Q-Track (U.S.).

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Market Scenario

Military wearable sensors are smart electronic devices worn on the body as accessories or implants which incorporate various features and functions. Major emphasis is laid on wearable technologies with electronics and computer-based gadgets. The concept behind a wearable sensors is to have a device on the body which allows it to be worn or carried on the body, while the user interface is ready for use at all times. The technology advancement in sensors would require highly accurate military wearable sensor systems. Significant investments have been made on the development of military wearable sensors systems, which would lead to rapid growth of the market during the forecast period.

However, major restraint of the market is the risk of cyber intrusion, low consumer awareness, and safety concerns for secure data. Moreover, lack of clarity about health communication protocols, lack of common standards, regulatory issues, and interoperability issues are expected to hinder the growth of the market.

In general, the type of sensors used in military clothing are required to communicate with external devices in real-time. Even without the real-time requirement, data from the sensor needs to be communicated back to the data analytics platform in a time-sensitive manner. This wireless communication is an essential component to the success of the military wearable sensors market.

Moreover, the application of wearable technology majorly in the military sector is monitoring the physical state of soldiers while on the move, better communication between troops and military animals, and providing 360-degree battlefield awareness. The emergence of tattoo-based sensors and Commercial Off-The-Shelf (COTS) sensors will offer new growth opportunities to the market players. The factors responsible for the growth of the global military wearable sensors market are the development of smart sensors, increasing focus on the development of biosensors, and rise in need to monitor the psychological health of soldiers. Several contracts have been signed to bolster the growth of the market. In 2015, Arralis signed a contract with the U.K Ministry of Defence to provide a unique wearable technology and GNSS antenna.

The scope of the Report

This study provides an overview of the Military Wearable Sensors Market, tracking five market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the military wearable sensors by its product type, sensor type, application, and region.

By Product Type

• Device-Based Sensors
• Clothing-Based Sensors

By Sensor Type

• Accelerometers
• Inertial Sensors
• Pressure Sensors
• Force Sensors
• Motion Sensors
• Gyroscopes
• Temperature Sensors
• Microphones
• Others

By Application

• Wrist Wear
• Foot Wear
• Eye Wear
• Body Wear
• Neck Wear

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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Geographic Overview

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. In North America, the rise in demand for modernization of military technology will boost the market. In Asia Pacific, the rise in adoption of IoT technologies for military advancement for the defense sector will boost the market. There are various instances that support the growth of the military wearable sensors market. For instance, in 2015, Arralis signed a contract with the U.K Ministry of Defence to provide a unique wearable technology and GNSS antenna. A various military application that has been improved due to the adoption of military wearable sensors such as better communication between troops and military animals, and providing 360-degree battlefield awareness.

The report for Global Military Wearable Sensors Market of Market Research Future comprises extensive primary research, along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders; it helps the reader gain a deeper insight into the market and industry performance. The report gives a clear picture of the current market scenario, including historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also contains a broad study of the different market segments and regions.

Table Of Contents

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continues...

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