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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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SOURCE Technavio

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SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION

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MERRIAM, Kan., April 28, 2025 /PRNewswire/ — The following is a report of earnings for Seaboard Corporation (NYSE American symbol: SEB), with offices at 9000 West 67th Street, Merriam, Kansas, for the three months ended March 29, 2025 and March 30, 2024, in millions of dollars except share and per share amounts.

Three Months Ended

March 29,

March 30,

2025

2024

Net sales

$

2,316

$

2,191

Operating income (loss)

$

38

$

(20)

Net earnings attributable to Seaboard

$

32

$

22

Earnings per common share

$

32.95

$

22.66

Average number of shares outstanding

971,055

971,055

Dividends declared per common share

$

2.25

$

2.25

Seaboard Corporation today filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission. Seaboard Corporation has provided access to the Quarterly Report on Form 10-Q on its website at https://www.seaboardcorp.com/investors.

Also, Seaboard Corporation announced today that its Board of Directors has authorized and declared a quarterly cash dividend of $2.25 per share of its common stock. The dividend is payable on May 19, 2025 to stockholders of record at the close of business on May 8, 2025.

View original content:https://www.prnewswire.com/news-releases/seaboard-corporation-report-of-earnings-and-dividend-declaration-302440190.html

SOURCE Seaboard Corporation

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Orange County Fire Authority in California Selects MSA Safety’s G1 Breathing Apparatus to Help Protect Firefighters

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PITTSBURGH, April 28, 2025 /PRNewswire/ — Global safety equipment manufacturer MSA Safety, Inc. (NYSE: MSA) today announced it has secured a $10 million contract to provide respiratory protective equipment to the Orange County Fire Authority in Southern California. With this order, MSA continues to strengthen its breathing apparatus market presence in the Southern California region. Over the past two years, MSA Safety has secured similar breathing apparatus contracts with both the Los Angeles County and the Los Angeles City Fire Departments. 

The decision to upgrade Orange County Fire Authority’s self-contained breathing apparatus (SCBA) technology was made after a comprehensive evaluation process. Factors that influenced the department’s selection of the G1 SCBA were its advanced technology and connectivity features, as well as the ability to upgrade the breathing apparatus with new technologies as they become available.

With 15 U.S. patents, the G1 SCBA is the centerpiece of the MSA Connected Firefighter platform – a suite of safety technologies that work in concert to significantly improve firefighter monitoring, accountability and communication. The SCBA utilizes embedded technology to transmit important data, including cylinder air pressure, battery status and various alarm indicators, to incident commanders via MSA’s FireGrid® system. The FireGrid system is a software service that gives incident commanders the ability to evaluate and manage on-scene fire crews in real time.

“When it comes to protecting first responders, our vision at MSA Safety is to provide fire departments with the most advanced and versatile safety solutions available today,” said Bob Apel, MSA Safety Executive Director, Global Fire Service and Digital Experience. “Our G1 breathing apparatus is a fitting example of that vision. The platform provides ongoing value to fire departments because it enables us to continuously add new technologies to the SCBA that enhance firefighter health and safety. That vision is consistent with our growth strategy to be the leading innovator in head-to-toe protection for the fire service.”

Also included among the G1 SCBA’s advanced features is an integrated thermal imaging camera (iTIC). The iTIC places thermal imaging capability into the hands of individual firefighters, as opposed to sharing a handheld device among multiple firefighters. The camera is part of the SCBA control module that houses a video screen and other electronics that enable many G1 features.

Founded in 1995, the Orange County Fire Authority (OCFA) is a regional fire service agency that serves 23 cities and all unincorporated areas within Orange County. With 78 fire stations, the OCFA protects nearly two million residents. It is a premier public safety agency providing superior fire protection and medical emergency services to its communities.

“We are incredibly proud to establish this new partnership with the Orange County Fire Authority,” said Joann Serakowski, MSA Safety Vice President, Fire Service – U.S. and Canada. “Most importantly, we’re honored the department has entrusted MSA with the responsibility of protecting the men and women who help keep the residents of Orange County safe each day.”

Delivery of the new SCBA units is expected to be completed in 2025.

About MSA Safety
MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced safety products, technologies and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2024 revenues of $1.8 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania and employs a team of over 5,000 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/orange-county-fire-authority-in-california-selects-msa-safetys-g1-breathing-apparatus-to-help-protect-firefighters-302440185.html

SOURCE MSA Safety

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NaaS Technology Inc. Announces Completion of ADS Ratio Change

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BEIJING, April 28, 2025 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S.-listed EV charging service company in China, today announces that the previously announced change of the ratio (the “ADS Ratio”) of its American depositary shares (the “ADSs”) to its Class A ordinary shares has taken effect at the open of business on April 28, 2025 (U.S. Eastern Time) (“Effective Date”).

The change in the ADS Ratio, from one ADS to 200 Class A ordinary shares to one ADS to 800 Class A ordinary shares, had the same effect as a one-for-four reverse ADS split. The exchange of one new ADS for every 4 previously-held ADSs occurred automatically upon effectiveness, with the previously-held ADSs cancelled and the new ADSs issued by JPMorgan Chase Bank, N.A., the depositary bank for the Company’s ADS program.

As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be proportionally equal to or greater than 4 times the ADS trading price before the change.

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company is one of the leading providers of new energy asset operation services. The Company utilizes advanced technology to intelligently match charging supply with demand, offering electric vehicle users a seamless, efficient, and smart charging experience. Furthermore, NaaS empowers charging stations and charging station operators to optimize their operations, driving greater efficiency and enhancing profitability.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS’ goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China’s EV charging industry and EV charging service industry and NaaS’ future business development; demand for and market acceptance of NaaS’ products and services; NaaS’ ability to protect and enforce its intellectual property rights; NaaS’ ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS’ operation, fluctuations of the RMB exchange rate, and NaaS’ ability to obtain adequate financing for its planned capital expenditure requirements; NaaS’ relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS’ filings with the SEC.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com 

Media inquiries:
E-mail: pr@enaas.com 

View original content:https://www.prnewswire.com/news-releases/naas-technology-inc-announces-completion-of-ads-ratio-change-302439804.html

SOURCE NaaS Technology Inc.

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