Military Wearable Sensors Market Research Report 2019 published By Market Research Future, provides information on Global Military Wearable Sensors Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By Product Type (Device-Based & Clothing-Based Sensors), Sensor Type (Gyroscopes, Motion Sensors & Temperature Sensors), Application (Wristwear, Bodywear, & Eyewear), & Region—Forecast till 2023
Market Snapshot
The global military wearable sensors market is expected to register a 19.93% CAGR during the forecast period of 2018 to 2023.
The global military wearable sensors market is expected to witness substantial growth during the forecast period. North America is estimated to be a prominent region for the military wearable sensors market due to the presence of several aircraft operators in the region and major service providers such as DuPont and Honeywell International Inc. Asia-Pacific accounted for the second-largest market share of 28.20% in 2017 due to the presence of a large number of military wearable sensor service providers such as Panasonic Corporation and Robert Bosch GmbH. Europe accounted for the third-largest share of the global military wearable sensors market in 2017. Europe is expected to be an attractive market for military wearable sensors owing to the significant number of investments in the defense industry in the region. Germany and France are likely to account for substantial shares of the global military wearable sensors market during the forecast period.
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The increased need for improved military performance and integration of high-performance miniaturized electronic systems are some of the major drivers for the growth of the global military wearable sensors market. North America accounted for 20.09% of the global military wearable sensors market in 2017, followed by Asia-Pacific with 23.40%. In Asia-Pacific, market growth is significantly driven by China, Japan, and India.
Companies Covered
- Arralis (Ireland)
- Honeywell International Inc. (US)
- Safran Electronics & Defense (France)
- BeBop Sensors (US)
- DuPont (US)
- Panasonic Corporation (Japan)
- NXP Semiconductors (Netherlands)
- Leidos (US)
- TT Electronics (UK)
- Xsens (Netherlands)
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.
Industry Synopsis
The global military wearable sensors market has been segmented based on product type, sensor type, application, and region. The product type segments of the market are device-based sensors and clothing-based sensors. By sensor type, the market has been classified as gyroscopes, motion sensors, temperature sensors, inertial sensors, pressure sensors, accelerometers, microphones, force sensors, and others. Based on application, the market has been divided into wristwear, bodywear, footwear, eyewear, and neckwear.
Regional Analysis
The global military wearable sensors market has been segmented, by region, into Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America. North America accounted for the largest market share in 2017. Market growth is significantly driven by demand in the US and Canada. Rising spending on military modernization programs is expected to create additional opportunities for players in the North American military wearable sensors market. Moreover, collaborations between companies in the field of military wearable sensors are boosting market growth. Hence, it is estimated that the military wearable sensors market in North America would register a CAGR of 20.09% during the forecast period.
The clothing-based sensors segment is expected to dominate the market, by product type.
Clothing-based sensors refer to sensors attached to the garments of soldiers. For instance, temperature sensors are fixed on a shirt to measure body temperature and on the wrist to measure blood pressure, while various other sensors are used to obtain real-time data. The clothing-based sensors market segment is gaining traction due to the increased use in military modernization programs. Therefore, the clothing-based sensors segment of the global military wearable sensors market is estimated to exhibit a CAGR of 20.45% during the forecast period.
Key questions addressed by the report
- What was the historic market size (2017)?
- Which segmentation (Product Type/Sensor Type/Application) is driving market growth?
- What will be the growth rate from 2018 to 2023?
- Who are the key players in this market?
- What are the growth strategies adopted by the key players?
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)
Continued…….
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
Continued……….
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