Press release
Global Military Wearables Market to Reach $5.43 Billion by 2029, Growing at 7% CAGR
Military Wearables Market Trends
The rise in defense spending is predicted to fuel the expansion of the military wearables market in the future. Defense spending encompasses all current and prospective investments in the military, encompassing peacemaking endeavors undertaken by defense departments and other government entities involved in defense programs, as well as paramilitary forces deemed fit for military operations and are suitably trained, equipped, and prepared. Within the defense apparatus, various wearable devices and gear can be incorporated into a soldier's attire, eliminating the need for him to carry extra loads. Wearable technology could influence the armed forces in the near future. For example, the Stockholm International Peace Research Institute (SIPRI), an independent global research institution in Sweden, reported in April 2024 that the total global military spending had risen to $2443 billion in 2023, a real-terms increase of 6.8% from 2022. Consequently, the upsurge in defense expenditures is stimulating the expansion of the military wearables market.
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What is the projected compound annual growth rate (CAGR) of the military wearables market from 2025 to 2034, and what factors influence it?
Over the past several years, there has been significant growth in the military wearables market size. The expected increase is from $3.88 billion in 2024 to $4.12 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.2%. The notable growth during the historic period is a result of soldier modernization programs, attention to soldier health and safety, the needs of special forces, urban warfare methods, and the necessity for c4isr integration with tactical gear.
In the coming years, the market size for military wearables is projected to experience robust growth. It's anticipated to soar to "$5.43 billion by 2029, with a compound annual growth rate (CAGR) of 7.1%. The growth expected during this forecasting period can be linked to improvements in health monitoring, broader application in training, the incorporation of augmented reality (ar), and enhanced communication elements, wearable sensor fusion. Key anticipated trends during this period comprise paying attention to ergonomic design for comfort and freedom of movement, creation of personal area network (pan) solutions, utilization of advanced materials for longevity, implementation of gesture control and human-machine interfaces, and emphasis on cybersecurity precautions.
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How are the latest trends influencing the growth of the military wearables market?
The trend of technological innovation is becoming increasingly prevalent in the military wearable market. To solidify their market standing, key players in the sector are concentrating on product development. A notable instance of this occurred in December 2022 when the Air Force Research Laboratory (AFRL), an American scientific research body, collaborated with the Nano Bio-Materials Consortium and Case Western Reserve University to launch a new type of wearable sensor for tracking biomarkers in airmen and guardians. These gadgets boost the ability to track and document molecular signatures in body fluids like saliva, interstitial fluid, and sweat, which are essential for monitoring the health of airmen and guardians during high-stakes operations. They alert users when these soldiers become excessively tired, anxious, or overstimulated. These wearable sensors can come in various forms, including mouthguards, dermal patches, or microneedle patches that only penetrate into the interstitial fluid beneath the skin's surface.
What are the major segments of the military wearables market and their role in driving growth?
The military wearables market covered in this report is segmented -
1) By Type: Wrist Wear, Modular, Eyewear, Smart Key Chains, Ear Wear, Other Types
2) By Technology: Communication And Computing, Connectivity, Navigation, Vision And Surveillance, Exoskeleton, Monitoring, Power And Energy Management, Smart Textiles
3) By End-User: Land Forces, Naval Forces, Airborne Forces
Subsegments:
1) By Wrist Wear: Smartwatches, Fitness Trackers, Health Monitors, Tactical Wrist Devices, GPS-enabled Wrist Wear
2) By Modular: Modular Systems With Detachable Components, Adaptable Wearable Technology, Multi-Function Modular Gear
3) By Eyewear: Smart Glasses, Augmented Reality (AR) Glasses, Night Vision Goggles, Heads-Up Displays (HUDs), Vision Enhancement Systems
4) By Smart Key Chains: Location Tracking Key Chains, Communication-Enabled Key Chains, Smart Key Fobs with Sensors
5) By Ear Wear: Smart Earbuds, Communication Headsets, Hearing Protection Earplugs, Bone Conduction Headphones
6) By Other Types: Body Cameras, Smart Textiles, Health Monitoring Patches, Tactical Wearable Sensors
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Which regions are key players in the growth of the military wearables market?
Asia-Pacific was the largest region in the military wearables market in 2024. The regions covered in the military wearables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the military wearables market?
Major companies operating in the military wearables market include Aselsan A.S., Bionic Power Inc., Lockheed Martin Corporation, BAE Systems plc, Saab AB, General Dynamics Corporation, Elbit Systems Ltd., L3Harris Corporation, Rheinmetall AG, Safran S.A, Thales Group, Northrop Grumman Corporation, Ultra Electronics Holdings, Teledyne Flir LLC, Leonardo S.P.A., Viasat Inc., TE Connectivity Ltd., TT Electronics PLC., Interactive Wear AG, Epsilor-Electric Fuel Ltd., Glenair Inc., Milpower Source Inc., Safariland L.L.C., Singapore Technologies Engineering Ltd., Honeywell International Inc., Raytheon Technologies Corporation, Alpha Design Technologies, Revision Military, SECRE International Inc., Tactical Systems Group
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What Is Covered In The Military Wearables Global Market Report?
• Market Size Forecast: Examine the military wearables market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the military wearables market for a structured understanding.
• Key Players Overview: Analyze major players in the military wearables market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the military wearables market.
• Segment Contributions: Evaluate how different segments drive overall growth in the military wearables market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the military wearables market.
• Industry Challenges: Identify potential risks and obstacles affecting the military wearables market.
• Competitive Landscape: Review strategic developments in the military wearables market, including expansions, agreements, and new product launches.
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