According to a new report by Vantage Market Research, the military wearable sensors market is expected to reach USD 7.2 Billion by 2028, growing at a CAGR of 9.2% from 2021 to 2028. The Global Military Wearable Sensors Market is fueled by increased expenditure on the modernization of military programs and an insistence on military protection. Furthermore, the assimilation of wearable sensors resulted in enhanced military performance, therefore, driving the market growth.
- Under the product segment, the device-based sensor sub-segment is projected to grow at a CAGR of over 15.33% over the forecast period owing to the increasing adoption in the military wearable sensors devices such as tracking devices thin & flexible heaters in body, and accessories.
- The application segment held a market share of around 19.26% in 2020. This share is due to the increasing R&D activities across the globe to meet the rising demand for strengthening the military gadgets such as wristwear, bodywear, and various others, among countries such as China, India, and the U.S.
- Asia Pacific is expected to expand at a CAGR of over 12.3% from 2021 to 2028. This surge is attributed to the rising demand for military sensors in various instruments related to electronics in the countries like India and China.
Some of the key players in the military wearable sensors market include Videos, Boeing, Safran Group, TT Electronics, Lockheed Martin, Rheinmetall, Innova Design Solutions, Arralis, Q-Track, and others.
Military-related wearable sensors include advanced thin and flexible heaters in military clothing and biometric sensors for health monitoring, tracking devices, speedy recovery time, performance monitoring, and various others. These gadgets are important in modern warfare and should be upgraded. For instance, performance monitoring sensors, smart clothing with the use of biometric sensors can monitor the performance levels of individuals. Another technique used for measuring the physical strain of an individual is to track their heart and breathing rates. By implementing biometric sensors into the military personnel’s clothing, it is easy to monitor muscle activity, muscle fatigue, and muscle symmetry. Huge competition among the countries for strengthening their military power is promoting the growth of the military device sensor market.
Asia Pacific region is poised to record the highest CAGR. This is attributable to the increasing demand in emerging economies, such as India, and China, coupled with the expansion of industries like the oil & gas industry, heavy machinery, and others in the region's overall military wearable sensors market.