The report covers both pre and Post – COVID analysis | The final report will include an in-depth analysis of the impact of the Russia-Ukraine war and the COVID-19 pandemic on the industry.
What is the Future Outlook of Smart Textiles for Military Market?
The future outlook of the Smart Textiles for Military market entails an analysis of its size, segmentation (including product type, application, and geography), competitor landscape, current status, and emerging development trends. Additionally, the report offers strategic insights to assist companies in navigating the challenges presented by the COVID-19 pandemic.
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The smart textiles for military market is expected to experience a significant growth rate during the forecast period, with a CAGR of 26.14%.
This growth is being propelled by increasing military spending and territorial issues between various countries, which are leading to investments in the development and deployment of advanced smart textiles for military personnel.
Currently, companies and research facilities are focusing on various categories of technology-enabled fibers, such as dual-channel data transfer capable fibers, color-changing fibers, and fibers that can store electricity. Textile-based materials equipped with nanotechnology and electronics are also playing a key role in the development of technologically advanced military uniforms and materials.
The growing emphasis on the integration of such technologies into military textiles is expected to bolster the market prospects during the forecast period.
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The incorporation of stealth materials that can completely conceal the presence of military personnel is expected to accelerate the growth of the market in the coming years.
The protection and mobility segment is expected to witness the highest growth during the forecast period. Military personnel operate in harsh terrains for extended tenures and require protection from elements and battle hazards. Biological and chemical agents continue to pose severe threats, and the threat of bioterrorism has increased due to concerns that non-state armed actors could use biological agents to target vital infrastructures.
Smart clothes equipped with IoT sensors can help determine the presence and level of hazardous gas in the environment, allowing the military to mitigate the harm caused by hazardous gases more efficiently. The integration of IoT sensors in smart clothes is expected to increase safety for soldiers in combat zones.
The Asia-Pacific region is expected to experience the highest growth during the forecast period, driven by the increasing military spending of countries such as China and India, which are rapidly investing in the development and deployment of smart textiles for their military personnel. However, adoption is not without its constraints and criticism associated with lower security protocols that may threaten an entire operation due to hostile capture or manipulation of transmitted data.
The smart textiles for military market is fragmented due to the presence of many players in the market, including universities and research organizations in Europe and North America. Some of the prominent players in the market are BAE Sytems plc, Texas Instruments Incorporated, Tennessee Acquisition Holding BV, Dupont de Nemours Inc., and Schoeller Textil AG.
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Companies are partnering with governments and armed forces to develop specifically tailored products for their military personnel. The market is emerging, with a lot of scope for technological advancements. Significant investments in R&D are anticipated from many countries, providing new opportunities for local players during the forecast period.
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