Military Wearables Market Dynamics 2021-2031
The military wearables are equipped with smart sensors, ballistic protection, and wearable batteries to survive extreme conditions. The purpose of military wearables is to enhance the capabilities of a soldier without adding any extra physical load on the bearer. Hence, there is constant innovation in developing lightweight material suitable for combat. Also, these wearables must enhance the situational awareness for soldiers. Increasing defense budgets in the developed, as well as developing countries, create future growth prospects for key players operating in the military wearables market during the forecast period.
MARKET DYNAMICS
The military wearables market is anticipated to grow in the forecast period owing to driving factors such as technological advancements leading to the production of lightweight and rugged materials. Increasing government spending and military modernization program also contribute towards the growth of the military wearables market. On the other hand, demand for improved and efficient wearables and the use of nanotechnology is expected to provide significant growth opportunities for the growth of the military wearables market over the coming years.
MARKET SCOPE
The "Global Military Wearables Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of military wearables market with detailed market segmentation by product type, end user, and geography. The global military wearables market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading military wearables market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global military wearables market is segmented on the basis of product type and end user. Based on product type, the market is segmented as eyewear, headwear, wristwear, bodywear, and others. The market on the basis of the end user is classified as airborne forces, land forces, and naval forces.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global military wearables market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The military wearables market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting military wearables market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the military wearables market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global military wearables market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The military wearables market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting military wearables market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the military wearables market in these regions.
MARKET PLAYERS
The reports cover key developments in the military wearables market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from military wearables market are anticipated to lucrative growth opportunities in the future with the rising demand for military wearables in the global market. Below mentioned is the list of few companies engaged in the military wearables market.
The report also includes the profiles of key military wearables companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ASELSAN A.-.
- BAE Systems plc
- Bionic Power Inc.
- Elbit Systems Ltd
- General Dynamics Corporation
- L3Harris Technologies Inc
- Northrop Grumman Corporation
- Raytheon Company
- TE Connectivity Ltd
- TT Electronics plc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Military Wearables Market - By Product Type
1.3.2 Military Wearables Market - By End User
1.3.3 Military Wearables Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MILITARY WEARABLES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat to Substitute
4.2.1 Threat to New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MILITARY WEARABLES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MILITARY WEARABLES MARKET - GLOBAL MARKET ANALYSIS
6.1. MILITARY WEARABLES - GLOBAL MARKET OVERVIEW
6.2. MILITARY WEARABLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MILITARY WEARABLES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. EYEWEAR
7.3.1. Overview
7.3.2. Eyewear Market Forecast and Analysis
7.4. HEADWEAR
7.4.1. Overview
7.4.2. Headwear Market Forecast and Analysis
7.5. WRISTWEAR
7.5.1. Overview
7.5.2. Wristwear Market Forecast and Analysis
7.6. BODYWEAR
7.6.1. Overview
7.6.2. Bodywear Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. MILITARY WEARABLES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. AIRBORNE FORCES
8.3.1. Overview
8.3.2. Airborne Forces Market Forecast and Analysis
8.4. LAND FORCES
8.4.1. Overview
8.4.2. Land Forces Market Forecast and Analysis
8.5. NAVAL FORCES
8.5.1. Overview
8.5.2. Naval Forces Market Forecast and Analysis
9. MILITARY WEARABLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Military Wearables Market Overview
9.1.2 North America Military Wearables Market Forecasts and Analysis
9.1.3 North America Military Wearables Market Forecasts and Analysis - By Product Type
9.1.4 North America Military Wearables Market Forecasts and Analysis - By End User
9.1.5 North America Military Wearables Market Forecasts and Analysis - By Countries
9.1.5.1 United States Military Wearables Market
9.1.5.1.1 United States Military Wearables Market by Product Type
9.1.5.1.2 United States Military Wearables Market by End User
9.1.5.2 Canada Military Wearables Market
9.1.5.2.1 Canada Military Wearables Market by Product Type
9.1.5.2.2 Canada Military Wearables Market by End User
9.1.5.3 Mexico Military Wearables Market
9.1.5.3.1 Mexico Military Wearables Market by Product Type
9.1.5.3.2 Mexico Military Wearables Market by End User
9.2. EUROPE
9.2.1 Europe Military Wearables Market Overview
9.2.2 Europe Military Wearables Market Forecasts and Analysis
9.2.3 Europe Military Wearables Market Forecasts and Analysis - By Product Type
9.2.4 Europe Military Wearables Market Forecasts and Analysis - By End User
9.2.5 Europe Military Wearables Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Military Wearables Market
9.2.5.1.1 Germany Military Wearables Market by Product Type
9.2.5.1.2 Germany Military Wearables Market by End User
9.2.5.2 United Kingdom Military Wearables Market
9.2.5.2.1 United Kingdom Military Wearables Market by Product Type
9.2.5.2.2 United Kingdom Military Wearables Market by End User
9.2.5.3 Russia Military Wearables Market
9.2.5.3.1 Russia Military Wearables Market by Product Type
9.2.5.3.2 Russia Military Wearables Market by End User
9.2.5.4 Rest of Europe Military Wearables Market
9.2.5.4.1 Rest of Europe Military Wearables Market by Product Type
9.2.5.4.2 Rest of Europe Military Wearables Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Military Wearables Market Overview
9.3.2 Asia-Pacific Military Wearables Market Forecasts and Analysis
9.3.3 Asia-Pacific Military Wearables Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Military Wearables Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Military Wearables Market Forecasts and Analysis - By Countries
9.3.5.1 China Military Wearables Market
9.3.5.1.1 China Military Wearables Market by Product Type
9.3.5.1.2 China Military Wearables Market by End User
9.3.5.2 India Military Wearables Market
9.3.5.2.1 India Military Wearables Market by Product Type
9.3.5.2.2 India Military Wearables Market by End User
9.3.5.3 Japan Military Wearables Market
9.3.5.3.1 Japan Military Wearables Market by Product Type
9.3.5.3.2 Japan Military Wearables Market by End User
9.3.5.4 Rest of Asia-Pacific Military Wearables Market
9.3.5.4.1 Rest of Asia-Pacific Military Wearables Market by Product Type
9.3.5.4.2 Rest of Asia-Pacific Military Wearables Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Military Wearables Market Overview
9.4.2 Middle East and Africa Military Wearables Market Forecasts and Analysis
9.4.3 Middle East and Africa Military Wearables Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Military Wearables Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Military Wearables Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Military Wearables Market
9.4.5.1.1 South Africa Military Wearables Market by Product Type
9.4.5.1.2 South Africa Military Wearables Market by End User
9.4.5.2 Saudi Arabia Military Wearables Market
9.4.5.2.1 Saudi Arabia Military Wearables Market by Product Type
9.4.5.2.2 Saudi Arabia Military Wearables Market by End User
9.4.5.3 U.A.E Military Wearables Market
9.4.5.3.1 U.A.E Military Wearables Market by Product Type
9.4.5.3.2 U.A.E Military Wearables Market by End User
9.4.5.4 Rest of Middle East and Africa Military Wearables Market
9.4.5.4.1 Rest of Middle East and Africa Military Wearables Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Military Wearables Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Military Wearables Market Overview
9.5.2 South and Central America Military Wearables Market Forecasts and Analysis
9.5.3 South and Central America Military Wearables Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Military Wearables Market Forecasts and Analysis - By End User
9.5.5 South and Central America Military Wearables Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Military Wearables Market
9.5.5.1.1 Brazil Military Wearables Market by Product Type
9.5.5.1.2 Brazil Military Wearables Market by End User
9.5.5.2 Rest of South and Central America Military Wearables Market
9.5.5.2.1 Rest of South and Central America Military Wearables Market by Product Type
9.5.5.2.2 Rest of South and Central America Military Wearables Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MILITARY WEARABLES MARKET, KEY COMPANY PROFILES
11.1. ASELSAN A.-.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAE SYSTEMS PLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BIONIC POWER INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ELBIT SYSTEMS LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GENERAL DYNAMICS CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. L3HARRIS TECHNOLOGIES INC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NORTHROP GRUMMAN CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RAYTHEON COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TE CONNECTIVITY LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TT ELECTRONICS PLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.ASELSAN A.-.
2.BAE Systems plc
3.Bionic Power Inc.
4.Elbit Systems Ltd
5.General Dynamics Corporation
6.L3Harris Technologies Inc
7.Northrop Grumman Corporation
8.Raytheon Company
9.TE Connectivity Ltd
10.TT Electronics plc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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