Military wearables market to reach $6.4 billion by 2025, study saysNews
May 16, 2019
NORTHBROOK, Ill. The market for military wearables is projected to grow from $4.2 billion in 2019 to $6.4 billion by 2025, at a CAGR of 7.17% from 2019 to 2025, according to a study from MarketsandMarkets, "Military Wearables Market by End User (Land, Airborne, and Naval), Technology (Communication and Computing, Connectivity, Navigation, Vision & Surveillance, Exoskeleton, Power & Energy Management), Wearable Type, Region -- Global Forecast to 2025."
Driving growth in the market for military wearables will be increased demand due to increased global spending on soldier modernization programs, rising instances of cross-border conflicts, and increasing incidences of asymmetric warfare around the world.
The bodywear segment -- which is estimated to account for the largest share of the military wearables market in 2019 -- is being fueled, says the study, by the adoption of high-end gear integrated with multiple advanced body-diagnostic sensors and wireless chargers in smart textiles.
Based on technology, the study authors found, the vision and surveillance segment is estimated to account for the largest share of the military wearables market in 2019; the connectivity segment is projected to grow at the highest CAGR during the forecast period from 2019 to 2025, based on development and adoption of cutting-edge headsets for tactical communication, wearable computers to track enemy targets, and dismounted position/navigation/timing tools.
To obtain additional information, please visit the MarketsandMarkets website.