Smart Textiles for Military Market Poised to Grow at CAGR ~11% With BAE, Mide Technology, Ohmatex, Royal Ten Cate, W. L. Gore, Advanced Fabric Technology, BeBop Sensors, Directa Plus, Intelligent Textiles and Outlast Technologies

Global Smart Textiles For Military Market by End Use (Energy Harvest, Radar, Protection & Mobility, Healing, Sensing, and Thermal Luminescence) and by Geography - Forecast To 2021

Market Highlights:

The Global Smart Textiles for Military Market is expected to grow at a CAGR of around 11% during 2016-2021. The key factors driving the growth are growing need for lightweight textile for military to enhance performance and miniaturization of electronic materials.

As per the MRFR analysis, factors restraining the market growth are regulatory issues, resource scarcity, and other industrial challenges to meet unmet needs.

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Key Players

This report includes a study of strategies of major market players in the Global Smart Textiles For Military Market are BAE Systems, Mide Technology, Ohmatex, Royal Ten Cate, W. L. Gore & Associates, Advanced Fabric Technology, BeBop Sensors, Directa Plus, Intelligent Textiles, and Outlast Technologies.

Industry/ Innovation/ Related News:

October, 2017:- Monarch Aircraft Engineering Limited (MAEL) signed a contract with the China Airlines to carry out line maintenance on its aircraft.

June, 2013 - Burlington Industries LLC, a division of International Textile Group (ITG), signed two contracts worth USD 160 million by the Defense Logistics Agency (DGA), to provide fabrics for use in the newly updated military uniforms of the US Army.

Smart Textiles for Military Market – Segments

For the convenience of the report and enhanced understanding; the smart textiles for military market is segmented in to two key dynamics:

Segmentation by End Use: Energy Harvest, Radar, Protection & Mobility, Healing, Sensing, and Thermal Luminescence.

Segmentation by Regions: Comprises Geographical regions –Americas, Europe, APAC and Middle East and Africa.

Smart Textiles for Military Market – Regional Analysis
Asia, mainly the emerging countries such as China and India have provided a major growth in the military segment in the APAC region. The growth of military expenditure in the APAC region is among the highest in the world. Along with the need to equip the military troops for modern warfare, there have been substantial expenditure for new military equipment and also enhanced military clothing.

Since, the manufacturing of traditional textiles has majorly shifted towards countries with cheap labor, the industrialized and development countries in the US and Europe geared up to capture new market opportunity in the field of high-end smart textile. Smart textiles had provided the advanced countries to utilize their skilled manpower, equipment, materials and processes to develop and maintain sustainable growth in the smart textile industry.

However, emerging countries in the APAC region such as China and India have also recently emerged as the major producer and consumer of technical textile. It provides these emerging countries with an attractive share of the growing smart textile market and not to lose the market on the technological front. Few of the other major markets for smart textiles in the APAC region are Japan, South Korea, and Taiwan.

On the other hand, the US, which is the leading market in the Americas, also has a substantially large defense market and military expenditure, which makes it a very attractive market for high-end military products such as the smart textiles for military applications.

Although the US has ended its combat operation in Afghanistan, a smaller number of troops remain. Furthermore, the US has deployed thousands of its troops in various other conflict regions. Also, the US government is funding for new programs to fight against the ISIS. The US will remain the largest spender on military products in the next decade. Military expenditure will also be driven by new initiatives of the US Army to strengthen and regroup its military base in Europe. Thus, despite the defense budget cuts, the need for protective clothing and military expenditure to equip the troops with enhanced high-tech products is expected to provide a growth in the market.

Canada is also expected to provide sufficient expenditure and funding for its military program (including clothing and textiles). It is thus expected that continued military spending along with growing research and development on military safety and protective products including the enhanced military clothing provides a healthy market growth for smart textiles in the Americas.

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Scope of Report

This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Smart Textiles For Military Market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.

Target Audience

• Military Textiles OEMs
• System/Equipment Suppliers
• Government Bodies
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

Study Objectives of Global Smart Textiles For Military Market

• To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Smart Textiles For Military Market

• To provide insights about factors affecting the market growth

• To analyse the Global Smart Textiles For Military Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.

• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)

• To provide country-level analysis of the market with respect to the current market size and future prospective

• To provide country-level analysis of the market for segment by end use type

• To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market

• To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Smart Textiles For Military Market

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