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Military Wearables Market Size

  • Report ID: GMI10341
  • Published Date: Jul 2024
  • Report Format: PDF

Military Wearables Market Size

Military Wearables Market size was valued at USD 4.1 billion in 2023 and is anticipated to grow at a CAGR of over 3% between 2024 & 2032. The increasing focus on soldier health and wellness has led to the growing adoption of wearable health technologies within military forces.

 

These wearables monitor vital signs such as heart rate, body temperature, and hydration levels, providing real-time health data. This allows for proactive health management, early detection of potential health issues, and timely medical interventions, ultimately enhancing soldier performance and operational readiness. For example, wearable devices can alert soldiers to dehydration risks, ensuring they stay hydrated and reducing the likelihood of heat-related injuries.
 

Advanced communication systems integrated into military wearables are significantly driving market growth. These systems enable seamless communication and data exchange among soldiers, command centers, and unmanned systems, providing a comprehensive and real-time view of the battlefield. Improved communication enhances coordination, situational awareness, and decision-making capabilities, which are crucial in modern combat scenarios. Wearables equipped with advanced communication technologies, such as secure radios and satellite communication modules, ensure that soldiers remain connected and informed, regardless of their location.
 

For instance, in October 2022, A contract for the provision of military troops with practical apparel and footwear was given to Logistik Unicorp by the Canadian Department of National Defense. As per the agreement, Logistik Unicorp will provide 160,000 individuals with operating equipment, encompassing both regular and reserve force members.
 

The military wearables market is subject to stringent regulatory and compliance requirements, which can pose significant challenges for manufacturers and developers. Ensuring that wearables meet the necessary standards for safety, performance, and interoperability is a complex and time-consuming process. Regulatory hurdles can delay product development and deployment, increasing costs and impacting market growth. Additionally, varying regulations across different countries and regions can complicate the global adoption of military wearables, requiring manufacturers to navigate a complex landscape of compliance requirements.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Global military wearables industry was valued at USD 4.1 billion in 2023 and is anticipated to register over 3% CAGR between 2024 and 2032, driven by the increasing focus on soldier health and the growing adoption of wearable health technologies within military forces.

The army segment in the market is expected to register 3.2% CAGR through 2032 due to investments in specialized wearable technologies.

Asia-Pacific military wearables market held 35% revenue share in 2023, driven by increasing defense spending, technological advancements, and geopolitical developments.

BAE Systems, Elbit Systems Ltd., Rheinmetall AG, Saab AB, Thales Group, Aselsan A.S., and Teledyne Flir LLC.

Military Wearables Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 218
  • Countries covered: 20
  • Pages: 210
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