![]() Land Forces Segment to Dominate Backed by Growing Adoption of Advanced ProductsĪs per end user, the global market is divided into land, naval, and air force. These devices increase the efficiency of soldiers in the battlefield as they make communication easier. Among these, the communication and computing segment held the largest global market share in 2022 due to increasing integration of communication technology with military wearables. The rising adoption of advanced technologies will also attribute to growth of the segment.Ĭommunication and Computing Segment to Lead Due to Rising Integration of communication Technology with Wearablesīased on technology, the market is classified into smart textiles, network and connectivity management, exoskeleton, vision and surveillance, communication and computing, monitoring, power and energy source, and navigation. Key players are making efforts to enhance their offerings to help the wearer in withstanding harsh weather conditions and gain strategic advantages in the field. Among these, the bodywear segment accounted for a major military wearables market share in 2022 owing to research and development activities undertaken by key players. Furthermore, due to the war situation, the Ukraine government has ordered body armor and helmets from the Turkish company Aselsan.īodywear Segment to Dominate Stoked by Research and Development ActivitiesĪccording to wearable type, the market is split into headwear, eyewear, wristwear, hearables, and bodywear. According to the Stockholm International Peace Research Institute (SIPRI), the Consolidated Region military spending has elevated by 2.6% and reached USD 1,981 million in 2021. The war altered denfense procurement practices as well. The war has also propelled defense spending across the world as countries increased their military spending. ![]() The ongoing war between Russia and Ukraine has encouraged these economies to become self-reliant. Several developed and developing economies are dependent on Russia for their defense supplies. Surging Demand for Wearables for Protection of Personnel to Aid Market Expansion This information is provided by Fortune Business Insights, in its report titled, “ Military Wearables Market, 2023-2030.” ![]() These devices can be connected to the internet thus enabling soldiers coordinate with other unit members and share information thus enhancing battlefield connectivity. Military wearables are the electronic devices and equipment worn by soldiers or other military personnel as part of their uniforms or gear. ![]() The market is anticipated to expand from USD 8.09 billion in 2023 to USD 10.18 billion by 2030, displaying a CAGR of 3.25% during the 2023-2030 period. The global military wearables market size was evaluated at USD 7.83 billion in 2022. (The U.S.), Ultra (The U.K), Rheinmetall AG (Germany), and among others. (The U.S.), Lockheed Martin Corporation (The U.S.), Northrop Grumman Corporation (The U.S.), Safran (France), Saab AB (Sweden), Thales Group (France), 元Harris Technologies, Inc. (Turkey), BAE Systems (The U.K), General Dynamics Corporation (The U.S.), Elbit Systems Ltd. Major key players that are present in the global military wearable market Aselsan A.S.
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