As the time passes, the demand of improvement increases for wearable devices in use of military personnel to cut down the loss of life of the troops. This market is expected to grow by around 2.2 billion dollars from 4.2 billion dollars to 6.4 billion dollars during the next five to six years. All this growth is being driven by ever increasing spending in defense and military for the modernization of soldiers all around the globe.
Increased instances of warfare situations around the world have increased the demand of defense spending and hence the need of these wearables and other gadgets for soldiers. These products have helped a lot in increasing the efficiency of the soldiers as well as cutting down the spending in the bigger picture due to their cost effectiveness.
Projections made on the basis of end users suggest that the part of these wearables related to airborne forces will raise with the highest Compound Annual Rate of Growth during this time period of 2019 to 2025
Military market is divided into multiple segments on the basis of end user. These segments include naval forces, airborne forces and land forces. Airborne forces have a lot of impact in modern warfare thus their segment is expected to develop with the highest rate of growth. Militaries all over the world have turned their eyes towards integration of wearables in their military use to improve and augment the abilities of their soldiers.
All things considered, bodywear wearables will keep on being the frontrunner of this market between these years according to the evaluations made by the experts. While geographically, North American market for military wearables and smart gadgets will see the highest rise in its Compound Annual Rate of Growth in this time period. It already is leading the market in terms of market value and shares and it is expected to stay like that well within the mid of next decade.