Military Wearables Market - Increasing Application Of Smart Textiles And E-Textiles To Inflate Market
Based
on product types, the military wearables market has been segmented
into eyewear, wrist wear, smart textiles, modular, ear wear, smart
keychains, and others. Smart textiles is anticipated to be a major
segment of the market by the end of 2016. The trend is estimated to
continue during the forecast period. The major factor boosting the
market is increasing demand for military wearables from developing
nations such as India, Pakistan, Brazil, and Mexico. In addition,
textile-based materials armed with electronics and nanotechnology
play an important role in the growth of military uniforms. The
factors driving the market are uptrend in military wearables market
increasing the growth of smart textiles market and hybrid application
and multi-featured mobile devices. Some of the restraining factors
are high cost and lack of exhaustive regulations and standards.
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Based
on applications, the military wearables market has been segmented
into army, air force, navy, and others. Army is anticipated to be the
major segment by the end of 2016 and the same trend is likely to
continue from 2016 to 2024. The major factor fueling the market is
border problems between countries such as India and China and India
and Pakistan. These issues are making countries build up their
defense system. This, in turn, is driving the demand for military
wearables. In addition, ongoing war against conflicts in the Crimean
Peninsula, Al-Qaeda in Afghanistan, and ISIS in Syria is fueling the
global military wearables market.
On
the basis of regions, the global military wearables market has been
segmented into North America, Europe, Asia Pacific, South America,
and Middle East & Africa. North America holds the major share of
the global market, followed by Europe. Europe is followed by Asia
Pacific, Middle East & Africa, and South America. The U.S. is a
key contributor to the military wearables market in North America.
One of the major factors driving the market for military wearables in
the U.S. is investments by several government companies such as U.S.
Army Armament Research, Development and Engineering Center (ARDEC),
U.S. Army Project Manager Command Posts (PM CP), U.S. Army Rapid
Equipping Force (REF), U.S. Coast Guard (USCG), U.S. Department of
Defense (DoD), U.S. Department of Transportation (DoT), U.S. Federal
Aviation Administration (FAA), U.S. Government Accountability Office
(GAO), U.S. Joint Forces Command (USJFCOM), U.S. Marine Corps (USMC),
U.S. Missile Defense Agency (MDA), U.S. National Aeronautics and
Space Administration (NASA), U.S. Jet Propulsion Laboratory (JPL),
and U.S. Navy (USN). In addition, the rising demand from the military
sector has led to growth of the military wearables market in
Americas. The market in Asia Pacific is projected to expand at a high
CAGR between 2016 and 2024.
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Some
of the important players in the military wearables market include
Bionic Power (Canada), Apple (the U.S.), Hewlett-Packard (the U.S.),
Applied Materials (the U.S.), Qualcomm (the U.S.), Google Inc. (the
U.S.), and E. I. Du Pont De Nemours and Company (the U.S.). These top
players are targeting developing economies and are adopting several
methods to raise their market share. Some of the others players
operating in the market are Corning (the U.S.), Gentherm Incorporated
(the U.S.), Sensoria, Inc. (the U.S.), Interactive Wear AG (Germany),
and Outlast Technologies LLC (the U.S.).
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