MarketThe military wearable sensors are the compact and smart sensors integrated into wearable objects and accessories or implanted on the body to collect and process the clinical data about the body. These sensors collect data about certain parameters and aids to monitor health of the 160; These military wearable sensors include integration of IoT applications such as connectivity and monitoring software’s and smart electronics. The defense industry is increasing adopting the wearable sensors wing to rising technological advancements.
The rising need for monitoring physical health of the soldiers are propelling the growth of the military wearable sensors. The increasing awareness for physical and mental well-being of the military personnel are driving the market growth. The upsurge in technological innovations and biosensors are leading to product advancements. The availability of technologically advance, smarter, cheaper, smaller and improved sensors is also significantly contributing to the military wearable sensors.
Military Wearable Sensors Market Dynamics
The Global Military Wearable Sensors Market was valued at USD 3.2 Billion in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 9.2% between 2021 to 2028. The market is broadly classified as into type of device and application. The type of device segment is further bifurcated into device-based sensors and closing based sensors the application-based segment is further divided among into navy army and air 10;The military device-based sensors are gaining popularity and are used in goggles, watches, chains and health tracking enabled based bands. These sensors enable to locate the military personnel by sending its signals to remote operator or controller.
The leadings manufacture for the military wearable sensors areBoeing Company, Lockheed Martin Corporation, Rheinmetall AG, Q-Track Corporation, Arrakis Ltd., Safran Group, TT Electronics PLC and Leidos 10;These market players are focusing on the technological developments of their products. The market is highly competitive and steadily recovering from the pandemic impact.
The growing demand for improved military modernization is fueling the market growth in the North America region, also Asia-Pacific region is providing lucrative opportunities for the growth of the market owing to the presence of large number of consumer electronics manufacturers in the 10;The upsurge defense expenditure is propelling the growth of European military wearable sensors 160;