Military Wearable Sensors Market – Overview
The need to reduce military casualties in reconnaissance mission and sieges is promoting the wearable sensors demand. Reports that explore the aerospace and defense industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. During the forecast period, the market is projected to witness a 19.93 % CAGR in the forecast period.
The significant companies functioning in the military wearable sensors market are Honeywell International Inc. (US), Safran Electronics & Defense (France), Arralis (Ireland), BeBop Sensors (US), Leidos (US), DuPont (US), TT Electronics (UK), Panasonic Corporation (Japan), NXP Semiconductors (Netherlands), and Xsens (Netherlands).
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The presence of several aircraft operators is an influential factor motivating the military wearable sensors market in the upcoming period. Furthermore, the need for improved military functioning and incorporation of high-performance miniaturized electronic systems is expected to boost the development of the market in the forecast period. The increased budgets in military outfits globally are expected to benefit the military wearable sensors market in the long term. Also, the inclination towards using lightweight textiles is likely to increase the market share of wearable sensors in military establishments around the world.
Competitive Analysis
The market has accomplished a superior stride in the past couple of years, which is underscored by the events with regards to valuation. The profit generation streams in the market are optimized to yield maximum benefits in the coming years. The alternatives present for growth in the market are lucrative to long term growth of the market. The opportunity costs in the market are not elevated and are beneficial to progress in the market. The benefits to the economy from the development of the market are high. The current economic climate is promoting stable development in the market by favorable availability of resources. The increase in sponsors in the market plays an essential role in the progress of the market. The reduction in the barriers to trade is anticipated to embody cutting-edge areas for expansion in the approaching years. The market is well-armed to find the way throughout the unstable tides, unforeseen turmoil, and unexplored waters in the international economy. The augmentation of the resources important to endure competition has enhanced broadly directed to a top development rate of the market.
Segmental Analysis
The segmental review of the Military Wearable Sensors Market is conducted on the basis of product type, sensor type, application, and regions. On the basis of product type, the military wearable sensors market is segmented into clothing-based sensors and device-based sensors. Based on the sensor type, the military wearable sensors market comprises of motion sensors, gyroscopes, temperature sensors, pressure sensors, inertial sensors, force sensors, accelerometers, microphones, and others. On the basis of application, the military wearable sensors market consists of eyewear, bodywear, wristwear, footwear, and neckwear. Based on the region, the military wearable sensors market consists of Europe, North America, Asia Pacific, the Middle East, Africa, and Latin America.
Detailed Regional Analysis
The evaluation of the regions in the military wearable sensors market includes regions such as North America, the Middle East & Africa, Asia Pacific, Europe, and Latin America. The North American was accredited for the major market portion in 2017. The development in the market is considerably driven by demand from countries such as Canada and the US. The intensifying spending on military transformation programs is likely to generate added opportunities for companies in the military wearable sensors market in the North American region. Furthermore, partnerships between firms in the field of military wearable sensors are increasing market progress. Therefore, it is projected that the military wearable sensors market in the North American region would record a CAGR of 20.09 % through the forecast period.
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.
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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?
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Market Structure
2.4 Key Takeaways
2.5 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Researcha
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List of Assumptions
Continued………
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)
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
Continued……
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