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Military Wearable Sensors Market size is set to grow by USD 187.4 million from 2024-2028, Increased spending on military modernization programs boost the market, Technavio

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NEW YORK, June 12, 2024 /PRNewswire/ — The global military wearable sensors market size is estimated to grow by USD 187.4 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.28%  during the forecast period. Increased spending on military modernization programs is driving market growth, with a trend towards usage of iot and big data in militaries. However, high cost of r and d  poses a challenge. Key market players include ASELSAN AS, BAE Systems Plc, Bionic Power Inc., Elbit Systems Ltd., Epsilor Electric Fuel Ltd., General Electric Co., Honeywell International Inc., Interactive Wear AG, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Rheinmetall AG, Saab AB, Safran SA, TE Connectivity Ltd., Teledyne Technologies Inc., Thales Group, TT Electronics Plc, and Viasat Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Military Wearable Sensors Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.28%

Market growth 2024-2028

USD 187.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.65

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 36%

Key countries

US, China, Germany, France, and Russia

Key companies profiled

ASELSAN AS, BAE Systems Plc, Bionic Power Inc., Elbit Systems Ltd., Epsilor Electric Fuel Ltd., General Electric Co., Honeywell International Inc., Interactive Wear AG, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Rheinmetall AG, Saab AB, Safran SA, TE Connectivity Ltd., Teledyne Technologies Inc., Thales Group, TT Electronics Plc, and Viasat Inc.

Market Driver

The Military Wearable Sensors Market is experiencing significant growth due to the integration of Internet of Things (IoT) technology and big data analytics in the defense sector. IoT systems, primarily wireless sensor networks, are being used to gather critical data from various sources, including soldiers and military platforms. These sensors convert data into digital signals, which are then transmitted to command centers for analysis. Commanders utilize the insights gained from the data to make informed decisions, enhancing situational awareness. The market’s expansion is expected to continue during the forecast period. 

The Military Wearable Sensors market is experiencing significant growth due to the increasing demand for advanced technology in defense applications. Armies worldwide are investing in body sensors for tracking and monitoring soldiers’ health and performance. Clothes are integrated with sensors to collect data on body temperature, heart rate, and location. These sensors help in improving military efficiency and ensuring the safety of soldiers. Body-worn devices are also used for communication and intelligence gathering.

The use of body sensors in military applications is a trend that is gaining momentum and is expected to continue in the coming years. Devices are made to be lightweight and durable to cater to the rigors of military use. The market for military wearable sensors is expanding as technology advances and military requirements evolve. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

•         The global military wearable sensors market faces significant growth due to increasing demand for tactical applications and surveillance needs. Advanced sensors reduce casualties and support information warfare. Vendors, particularly those in the US, must invest heavily in R&D to meet demand. Extended development periods and rigorous testing increase costs, potentially hindering market growth.

•         The Military Wearable Sensors market faces several challenges. These include the need for conditional sensors that can adapt to various environments and situations. The requirement for long battery life and lightweight designs is also crucial. Additionally, ensuring secure data transmission and protection is a significant challenge.

•         Furthermore, integrating multiple sensors into a single platform while maintaining accuracy and reliability is a complex task. Lastly, cost-effectiveness and ease of use are essential factors for widespread adoption in military applications. Addressing these challenges will drive innovation and growth in the Military Wearable Sensors market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Type 1.1 Device-based sensors1.2 Clothing-based sensorsApplication 2.1 Headwear2.2 Bodywear2.3 Eyewear2.4 Wristwear2.5 HearablesGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Device-based sensors-  Wearable devices with integrated sensors have become essential tools in military applications. These include goggles, keychains, watches, and health-tracking wristbands. GPS is a common feature in these devices, providing real-time position and velocity data for situational awareness. Integration of wearable displays with GPS offers soldiers crucial satellite images for military intelligence. The US military has successfully utilized GPS in missions like Desert Storm and Desert Shield. Consequently, the device-based sensors segment in the military wearable sensors market is projected to expand significantly during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Military Wearable Sensors Market encompasses the latest inventions in IoT technology, integrating smart devices such as goggles, watches, key chains, bracelets, and military wearable scopes. These advanced sensors enable real-time soldier monitoring, assessing physiological parameters including heart rate, respiration, hydration level, and fatigue.

Cloud services facilitate the interpretation and analysis of this data in command centers, enhancing military protection and modernization programs. The integration of wearable technology into military operations significantly improves situational awareness and response times, providing a strategic advantage on the battlefield.

Market Research Overview

The Military Wearable Sensors Market encompasses a range of advanced technologies designed to enhance military operations. These sensors come in various forms, including body-worn and head-mounted devices. They provide real-time data on crucial parameters such as heart rate, temperature, and location. The integration of artificial intelligence and machine learning enables these sensors to analyze data and provide actionable insights.

The market is driven by the increasing demand for improved situational awareness and the need for force protection. Additionally, the development of miniaturized and lightweight sensors is fueling the growth of this market. The use of wearable sensors in military applications offers significant benefits, including increased efficiency, enhanced safety, and improved decision-making capabilities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeDevice-based SensorsClothing-based SensorsApplicationHeadwearBodywearEyewearWristwearHearablesGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Agoda’s 2025 Travel Calendar: A Month-by-Month Guide to Asia

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SINGAPORE, Jan. 13, 2025 /PRNewswire/ — Digital travel platform Agoda has unveiled a list of destinations in Asia for each month of 2025, providing travelers with a month-by-month guide to the continent’s seasonal attractions, cultural highlights, and unique experiences.

The monthly travel guide suggests different places and cultures throughout the year, based on perfect times to visit. From the peaceful charm of Luang Prabang in January to the lively Diwali celebrations in Jaipur come October, Agoda’s selection offers a diverse range of experiences for every traveler.

Andrew Smith, Senior Vice President, Supply at Agoda, shared, “At Agoda, we love helping people explore the world for less. We believe travel should be accessible and inspiring, and this guide is designed to help travelers discover the magic of Asia every month, all year round. With Agoda’s easy-to-use platform, uncovering Asia’s incredible diversity and beauty has never been easier.”

Agoda’s 12 Destinations in Asia to Visit in 2025 are:

January: Luang Prabang, Laos

Discover the charm of Luang Prabang with its blend of traditional Lao and French colonial architecture. Enjoy the cool, dry weather perfect for exploring temples and the surrounding natural beauty.

February: Maldives

This tropical paradise boasts pristine beaches, luxurious overwater villas, and world-class diving with excellent visibility. February’s dry season offers clear skies, warm temperatures, and calm seas.

March: Kanazawa, Japan
Experience the beauty of cherry blossoms in Kanazawa, where traditional gardens and historic districts offer a picturesque backdrop. The mild spring weather is ideal for exploring this cultural gem.

April: Cebu, Philippines

Sunny weather and clear waters make it perfect for island-hopping to spots like Kawasan Falls and Moalboal. Visitors can also enjoy white-sand beaches, lively marine life, and the city’s rich cultural heritage.

May: Da Nang, Vietnam

Pleasant weather and fewer crowds make it ideal for relaxing on sandy beaches or exploring the Marble Mountains. Nearby Hoi An offers charming lantern-lit streets and a peaceful riverside ambiance.

June: Chengdu, China

Known for its lively culture and delicious cuisine, Chengdu offers travelers the chance to explore the famous Research Base of Giant Panda Breeding and enjoy the city’s renowned spicy Sichuan dishes. June’s pleasant weather makes it an ideal time to visit.

July: Tioman Island, Malaysia

Crystal-clear waters and lively coral reefs make it a diver’s paradise during this month. The island also offers pristine beaches and lush rainforests for nature lovers.

August: Bali, Indonesia

Enjoy Bali’s dry season with its beaches, temples, and landscapes. Visit Uluwatu Temple, explore Ubud’s rice terraces, and snorkel in Nusa Penida.

September: Kathmandu, Nepal

Explore Nepal during its post-monsoon season. Visit Durbar Square, trek in the Kathmandu Valley, and enjoy views of the Himalayas.

October: Jaipur, India

Celebrate Diwali in the Pink City. Historic landmarks like Amber Fort and Hawa Mahal add to the city’s cultural charm.

November: Siem Reap, Cambodia

Explore Angkor Wat during Cambodia’s cool season. Witness the sunrise over the temple complex, visit Bayon Temple, and experience the Old Market.

December: Bangkok, Thailand

End the year in Asia’s most popular Christmas destination, according to Agoda’s 2024 Christmas rank. Admire the dazzling Christmas lights at the city’s many shopping malls and ring in the New Year with spectacular fireworks along the Chao Phraya River.

Agoda offers over 5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, making it easy for travelers to explore Asia’s best destinations all year round. For more information, visit Agoda.com or download the Agoda mobile app.

–END–

 

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Cornerstone Robotics Raises over US$70 million Funding to Forge Accessibility in Robotic Surgery

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Funding from leading investors to accelerate R&D and international expansion to make robotic surgery solutions accessible to more

HONG KONG, Jan. 13, 2025 /PRNewswire/ — Cornerstone Robotics (the “Company”), a leading global innovator in surgical robotics, today announced that it has successfully raised over US$70 million in Series C financing led by EQT with participation from Qiming Venture Partners, Alpha JWC Ventures, the Innovation and Technology Venture Fund, eGarden Ventures, CTS Funds, K2VC, Long-Z Capital, etc.

This funding will accelerate the Company’s efforts in advancing the commercialization process, developing new surgical robotics products, conducting clinical trials, obtaining regulatory approvals, and promoting global adoption of advanced robotic surgical solutions.

In addition to receiving funding from a group of prominent investors, the Company headquartered in Hong Kong and the Greater Bay Area, also received investment from the Innovation and Technology Venture Fund under the Innovation and Technology Commission of the Hong Kong Special Administrative Region Government. The endorsement underscores confidence for Cornerstone Robotics’ product innovation and global commercialization capabilities. This backing will further enable the Company to expand into key geographies, including countries in Europe, Southeast Asia and across global markets.

Since its establishment in September 2019, Cornerstone Robotics has aimed to revolutionize healthcare by making advanced surgical systems accessible globally. Through in-house R&D and vertical supply chain integration, Cornerstone Robotics delivers high-quality performance at competitive prices, enabling partnerships with leading medical centers in mainland China, Hong Kong, and Europe, including the Faculty of Medicine of the Chinese University of Hong Kong, and Chinese University of Hong Kong-Shenzhen Medicine. The Company’s successful clinical trials in multiple specialties – including urology, general surgery, gynecology and thoracic surgeries – have built a solid foundation for international expansion.

In September 2024, Cornerstone Robotics achieved a significant milestone when it obtained the National Medical Products Administration (NMPA) approval in China for “Sentire”, its pioneering Endoscopic Surgical System. Additionally in 2024, Cornerstone Robotics established a site in the UK. This collaboration aims to foster cutting-edge innovation, support advanced research, and enhance the Company’s ability to serve patients in Europe and across global markets.

Professor Samuel Au, founder and CEO of Cornerstone Robotics, stated, “Cornerstone Robotics experienced several pivotal milestones over the past year. We are deeply grateful to our shareholders for their trust and support. This milestone is not only a recognition of our team’s efforts in translating surgical robotics innovations into practical applications but also a testament to our commitment to long-term, high-quality development. ‘Building the cornerstone of surgical robotics industry’ has been our aspiration since we began in 2019. After five years of efforts, we have achieved independent R&D and manufacturing, also received recognition from the NMPA in 2024. Moving forward, our team will continue to innovate, expand global markets, advance international certifications, and collaborate with more partners to create value for the intelligent healthcare industry and contribute to a better future for humanity.”

Excerpts from Investment Institutions’ Remarks

[EQT]

Clara Ho and Gordon Shaw, Partners in the EQT Private Capital Asia advisory team, said, “Globally, there is an urgent need to make high-quality robot-assisted surgical care accessible to patients, yet few companies have the capability to deliver the level of safety, precision, and rigor required for these critical procedures. Cornerstone Robotics stands out as a leader in this space, combining cutting-edge medical robotics with a focus on expanding access to care. EQT is proud to support Cornerstone Robotics by leveraging our deep expertise in healthcare, technology, and life sciences to help advance their mission of providing innovative and cost-effective surgical solutions to patients worldwide.”

[Qiming Venture Partners]

William Hu, Managing Partner of Qiming Venture Partners, said, “The development and clinical application of surgical robots continue to drive improved treatment outcomes. Since Qiming Venture Partners’ investment in Cornerstone Robotics, we have observed steady enhancements in the company’s product performance and the continuous growth of its team. We believe Cornerstone Robotics is well-positioned to deliver increasingly competitive products and greater clinical value to customers worldwide. We are delighted to continue our investment and support as we work together toward new milestones.”

[Alpha JWC Ventures]

Jefrey Joe, General Partner Alpha JWC Ventures, said, “Alpha JWC Ventures is excited to partner with Cornerstone Robotics in their journey to expand into Southeast Asia. We believe their innovative approach to surgical robotics aligns with the growing needs and opportunities in the healthcare sector. We are committed to supporting their growth and success to bring the highest standards of healthcare in the region.”

The financial advisor to the Company is UBS.

About Cornerstone Robotics

Cornerstone Robotics (CSR) is dedicated to delivering accessible surgical systems that allow patients around the world to benefit from the highest standards of care. Our first-generation Endoscopic Surgical System is developed entirely in-house and has received approval by China’s National Medical Products Administration (NMPA). With multiple manufacturing facilities established in Greater Bay Area and corresponding supply chain support, we offer safe and accessible surgical robots to the world.

To find out more information, please visit our website at https://www.csrbtx.com/en/ .

About EQT

EQT is a purpose-driven global investment organization with EUR 246 billion in total assets under management (EUR 134 billion in fee-generating assets under management), divided into two business segments: Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific, and the Americas and supports them in achieving sustainable growth, operational excellence, and market leadership.

More info: www.eqtgroup.com

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About Qiming Venture Partners

Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.

Since our debut, we have backed over 580 fast-growing and innovative companies. Over 210 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 80 portfolio companies that have achieved unicorn or super unicorn status.

About Alpha JWC Ventures

Alpha JWC Ventures is an early to growth-stage Southeast Asian venture capital firm. Its debut fund was launched in 2015 as Indonesia’s first independent and institutional early-stage venture capital fund. Over the years, Alpha JWC has established a strong reputation and clear positioning in the market as the leading venture capital firm with one of the region’s largest on-the-ground teams and a global network. The firm currently manages around US$ 650 million AUM – the largest early-stage fund in Southeast Asia – and 80+ active portfolio companies across Southeast Asia.

For more information, please visit https://www.alphajwc.com.

About Innovation and Technology Venture Fund

Innovation and Technology Venture Fund (ITVF), under the Innovation and Technology Commission of the Hong Kong Special Administrative Region Government, co-invests with venture capital funds selected as ITVF’s co-investment partners (CPs) at a matching ratio of approximately 1 (ITVF): 2 (CP) in eligible local innovation and technology (I&T) start-ups to enrich the local I&T ecosystem.  The ITVF enhanced scheme has been also launched to invest in start-ups of strategic industries.

To find out more information, please visit the website at https://www.itf.gov.hk/l-eng/ITVF.asp

About eGarden Ventures

eGarden Ventures is a venture capital firm specializing in early growth-stage companies within emerging sectors. We are committed to supporting dedicated startup founders, providing not only financial investment but also strategic resources and guidance to help businesses thrive post-investment.

About CTS Capital

CTS Capital is a multi-stage healthcare and life sciences investment institution. Managed by a team of seasoned professionals with deep insights into the healthcare industry and extensive expertise in private equity, CTS Capital is committed to partnering with exceptional entrepreneurs and scientists, and actively engaging in the growth of its portfolio companies to drive technological and commercial innovations in China’s healthcare sector and the global market.

Guided by a research-driven investment strategy, CTS Capital’s investment focus spans biotechnology, innovative therapeutics, innovative medical devices, precision diagnosis, healthcare services, and other cutting-edge technologies within the broader healthcare landscape.

Since its inception, CTS Capital has invested in several leading companies in their respective sectors, many of which have achieved successful public listing, including United Imaging (688271.SH), SinoCellTech (688520.SH), SinoBiological (301047.SZ), Giant Biogene (02367.HK), and Recbio (02179.HK).

About KV2C

Founded in 2010, K2VC is an early-stage venture capital firm devoted to promoting technology advancement, indutrial upgrade, business model innovation and consumer lifestyle revolution. K2VC manages both RMB and USD funds, with AUM over 10 billion RMB and 700 portfolios companies year to date.

The English name of K2VC, comes from the abbreviation of Mount chhogo ri. K2 is the second highest mountain in the world and known for being the most difficult to climb, which symbolizes the great pursuit of entrepreneurs to surpass themselves and challenge their limits. K2 wishes to be a mountain guide for the entrepreneurs, accompany them in every step of the climb, overcome the difficult and reach the peak.

K2VC manages two funds, K2 Angel Partners and K2 Venture Partners. Besides venture capital investment, K2 also promotes social progress by funding Non-for-profit organizations and social enterprises.

About Long-Z Capital

Founded in 2017, Long-Z Investments focuses on investment in the consumer and technology industries and strives to become an important supporter of top entrepreneurs in these two industries. Rooted in Meituan ecosystem, we boost unique and rich industrial resources and advantages. At present, we have managed three RMB funds and one USD fund, with funds under management exceeding 13 billion yuan. The investors include government-guided funds, the world’s top sovereign funds, pension funds, well-known FOFs, leading enterprises in the consumer industry, internet companies, alumni donation funds and well-known professional institutions. Since establishment eight years ago, we have invested in dozens of member enterprises, including Li Auto, Cornerstone Robotics, ProfoundBio, MIXUE Ice Cream & Tea, Good Me, HEYTEA, Manner Coffee, Moonshot AI, Unitree Robotics, Del Technology, RongSemi, Axera, EcoFlow and SICHAIN, etc.

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Increff Selects Easyship’s Leading Multi-Carrier API To Help Retailers Navigate Global Shipping

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NEW YORK, Jan. 12, 2025 /PRNewswire-PRWeb/ — Easyship, one of the world’s leading multi-carrier shipping platforms, today announced a new partnership with Increff, a merchandising software leader specializing in inventory and warehouse management.

“By integrating Easyship’s best-in-class shipping technology, we are empowering our clients to scale globally with confidence and access 550+ shipping services,” said Kanika Bhalla, CRO of Increff. “This partnership reflects our commitment to equipping retailers with the tools they need.”

This collaboration marks a significant milestone in Increff’s expansion from a domestic technology powerhouse into North America, Europe, and Asia. By leveraging Easyship’s powerful multi-carrier shipping API, Increff’s 700+ global eCommerce clients can now access seamless logistics solutions spanning 220+ destinations worldwide.

Revolutionizing Logistics & Inventory Management

The integration of Easyship’s advanced shipping technology into Increff’s omnichannel Warehouse Management System (WMS) and Ship from Store solutions empowers retailers to:

Save up to 91% off retail prices on shipping labels, significantly reducing operational shipping costs and boosting store profitability.Access to 550+ courier services worldwide, ensuring unparalleled flexibility and control across North America, Europe, and Asia.An advanced courier selection algorithm that optimizes shipments for cost, speed, and reliability, streamlining domestic and international deliveries.

Driving Global Growth for Retailers

“By integrating Easyship’s best-in-class shipping technology, we are empowering our clients to scale globally with confidence and access more than 550 shipping services,” said Kanika Bhalla, CRO of Increff. “This partnership reflects our commitment to equipping retailers with the tools they need to thrive in competitive markets. Together, we are unlocking new revenue streams for our clients while enhancing their operational efficiency and customer satisfaction.”

This strategic collaboration enables Increff to expand its global footprint while meeting the needs of retailers in competitive markets. It combines advanced inventory management, merchandising, and logistics into one seamless solution, ensuring an optimized and efficient experience for global retailers.

Enhanced Value Through Innovation

With Easyship as its preferred global shipping partner, Increff reinforces its mission to deliver intelligent solutions that improve operational efficiency and elevate the customer experience.

“Partnering with Increff enables us to combine our powerful multi-carrier shipping tools with cutting-edge inventory management, creating a seamless experience for retailers looking to expand globally,” said Tommaso Tamburnotti, Co-Founder of Easyship. “This partnership exemplifies the close synergy between effective inventory management and worldwide logistics technology, enabling retailers to grow faster while streamlining their operations.”

Start Saving On Shipping Costs

Retailers already using Increff’s WMS can now access Easyship’s global courier network, enabling faster delivery to locations like the United States and Canada while saving up to 91% on shipping and fulfillment costs. These benefits demonstrate how the partnership addresses critical challenges for retailers expanding their reach and improving their operational workflows.

NRF 2025 Partnership Launch

The program will officially launch at NRF 2025, with full integration and product availability expected later in the year. Retailers can visit the Increff booth at the annual National Retail Federation’s ‘Retail’s Big Show’ expo for live demonstrations of the new partnership’s capabilities.

About Increff

Increff is a leading retail technology company specializing in solving complex inventory management and supply chain challenges for retailers. With AI-powered merchandising and cloud-hosted omnichannel solutions, Increff helps brands optimize inventory, improve sales performance, and make data-driven decisions. The company’s solutions currently serve over 700 global brands across diverse retail categories, from fashion and electronics to consumer packaged goods.

For more information, visit: www.increff.com

About Easyship

Easyship is a global shipping platform that empowers businesses of all sizes to simplify fulfillment, save on shipping costs, and enhance customer delivery experiences. Trusted by tens of thousands of merchants worldwide, Easyship offers retailers access to a global network of over 550 courier services with discounted rates and advanced shipping and productivity tools to compare carriers, print labels, track shipments, and automate pick and pack processes.

For more information, visit: www.easyship.com

Media Contact

Tommaso Tamburnotti, Easyship, 44 44 7724256658, press@easyship.com, https://www.easyship.com/developers

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