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The global military wearable sensors market is predicted to garner a CAGR of 19.93% during the forecast period (2018-2023), Market Research Future (MRFR) unveils in a detailed report. Wearable sensors can be defined as smart electronic devices that are worn on the body as implants or accessories. These devices comprise IoT like electronics, software sensors, and connectivity, which further help objects to transfer data with the help of manufacturer, operator, and other related connected devices.The players dominating the global military wearable sensors market are Honeywell International Inc. (US), Arralis (Ireland), BeBop Sensors (US), Safran Electronics & Defense (France), Panasonic Corporation (Japan), DuPont (US), Leidos (US), NXP Semiconductors (Netherlands), Xsens (Netherlands), and TT Electronics (UK).
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Market Potential and Pitfalls
The global military wearable sensors market has witnessed a tectonic surge over the past few years due to the surging need for enhanced military performance, soaring demand for lightweight textiles, and implementation of high-performance miniaturized electronic systems. Rising focus on the development of biosensors to monitor the mental health of a soldier is one of the prime factors driving the market’s course across the globe. The development of next-generation sensors is one of the latest trends likely to gain traction in the market space. Researchers are highly emphasizing on the development of a sensor that is small in size and light in weight and can be implanted in the skin or implemented with the existing soldier protection systems. The introduction of such sensors will further encourage the market’s growth in the coming years. A team of researchers at the Massachusetts Institute of Technology have recently developed a wireless device which can detect the presence of toxic gases. Such developments are likely to impact the market positively.
On the contrary, the increased risk of operation failures, coupled with the strict government mandates, are estimated to restrict the growth of the military wearable sensors market in the foreseeable future.
Industry Updates
ROCKVILLE, Md. Researchers at the Institute for Bioscience and Biotechnology Research has recently received an amount of $1 million the Defense Threat Reduction Agency to advance their developments on wearable sensors that can help to measure biochemical information in order to diagnose diseases.
Global Military Wearable Sensors Market: Segmental Analysis
The military wearable sensors market has been segmented on the basis of sensor type, product type, and application.
By product type, the military wearable sensors market is segmented into clothing-based sensors and device-based sensors. Of these, the device-based sensors segment commanded the largest share in 2017 with 60.39%. The clothing-based sensors segment, on the other hand, is anticipated to exhibit the higher CAGR in the foreseeable future.
By sensor type, the military wearable sensors market is segmented into motion sensors, gyroscopes, inertial sensors, temperature sensors, accelerometers, pressure sensors, force sensors, microphones, and others. Of these, the accelerometers segment is predicted to register a CAGR of 20.53% in the foreseeable future. It is an electromechanical device, which is extensively used to measure forces affecting acceleration. These sensor types are generally used in body and wrist wearables in order to track the physical and healthy activity of soldiers. These are incorporated into wearable devices to help soldiers during training and combat missions.
By application, the military wearable sensors market is segmented into bodywear, wristwear, eyewear, footwear, and neckwear. Of these, the wristwear segment is predicted to be the largest and register a CAGR of 19.76% by the end of 2023.
Regional Frontiers
Geographically, the military wearable sensors market spans across Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.
Considering the global scenario, North America acquired the lion’s share in 2017 and driven by the surging demand for military wearable sensors in Canada and the U.S. Increasing spending on military modernization programs is anticipated to create growth opportunities for players in the regional market. Collaborations between companies in the military wearable sensors market are further predicted to encourage growth. The region is highly focusing on the development of innovative wearable technologies to enhance the data security of military platforms and monitor the health of the soldiers. This has further contributed to the growth of the market in the region.
The Asia Pacific is considered to be an emerging region owing to the increased adoption of IoT technologies for advancements in the defense industry. Notable investments in the development of technologies in order to monitor the health of the soldiers, along with the improvement of data security for military platforms are predicted to boost the demand for military wearable sensors.
Europe is considered a prominent market for military wearable sensors, mainly due to the considerable number of investments in the defense industry. In this region, France and Germany are predicted to acquire substantial shares of the European military wearable sensors market.
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Key Developments
• In September 2017, Safran Electronics & Defence signed a contract with USCG to modernize navigation systems on all Reliance class medium endurance cutters (WMEC).
• In May 2014, Safran Electronics & Defence developed a new technology, the BlueNaute navigation system, to develop a new altitude and heading reference system.
• In February 2017, DuPont developed materials for printed electronics applications, including wearable electronics and smart fabrics.
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Military Wearable Sensors Market, by Product Type, 2017-2023 (Usd Million)
Table 4 Global Military Wearable Sensors Market, by Sensor Type, 2017-2023 (Usd Million)
Table 5 Global Military Wearable Sensors Market, by Application, 2017-2023 (Usd Million)
Table 6 Global Military Wearable Sensors Market, by Region, 2017-2023 (Usd Million)
Table 7 North America: Military Wearable Sensors Market, by Product Type, 2017-2023 (Usd Million)
Table 8 North America: Military Wearable Sensors Market, by Sensor Type, 2017-2023 (Usd Million)
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List of Figures
Figure 1 Global Military Wearable Sensors Market: Market Structure
Figure 2 Key Takeaways: Global Military Wearable Sensors Market
Figure 3 Key Buying Criteria of Military Wearable Sensors
Figure 4 Research Process of Mrfr
Figure 5 Top-down & Bottom-up Approaches
Figure 6 Market Dynamics Overview
Figure 7 Advantages of Military Wearable Sensors
Figure 8 Supply Chain: Global Military Wearable Sensors Market
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