Super Soldier Wearable Technology Market Top Trends and Forecast Analysis 2025
Posted by BIS RSRCH on December 21st, 2020
The global economic slowdown that began due to the novel COVID-19 had a significant impact on all industries. The governments are forced to halt all operations that involve travel and mass gathering to control the COVID-19 pandemic. The restriction has obstructed the flow of the supply chain in all industries including the defense industry. But the impact of COVID-19 on the defense industry is comparatively low as compared to other industries due to the heavy funding as it directly concerns national security. It is to be presumed that since nations are focusing more on enhancing the healthcare industry for future pandemic readiness, other industries have to experience minor cutbacks in order to compensate for additional investments in the healthcare industry. However, this is not the case for all countries.
Hence, it can be observed that COVID-19 might impact the defense spending of a few countries. The soldier wearable technology market is slightly affected in developed countries such as the U.S., Germany, France, and the U.K. However, emerging countries, such as India and South Korea, might reduce the procurement of wearable technology in the next two years.
The strategies adopted to gain a significant market share in this growing industry have been varying from product launch, mergers and acquisitions, partnerships, and agreements or contracts. This segment provides comprehensive insights regarding several development activities that the key players in the industry are adopting to compete directly. To lead the market as well as engage in the process of overall market growth, a company needs to introduce new products to the market, improve the existing products’ framework, work in collaboration with the top market leaders or win new contracts, and acquire the relatively weaker companies into its stronghold.
Smart clothing has become a major component in the designing of military clothing. It aims to improve the fitness of the warfighter while providing additional battlefield insight. Hence, armed forces across the world have partnered with industry experts to advance the development of sophisticated smart clothing solution that would be beneficial to the soldier by giving them tactical and technological advantages over its foes. The primary research and development step falls into three categories, such as protection against injury, wound detection, and health and stress monitoring.
Sensors play a crucial role in smart clothing and have gained in sophistication even as they have decreased in cost and size. The sensors used in smart clothing fall into three categories: physiological, kinetic, and agent detection. In September 2014, the Indian Government launched the ‘Make in India’ movement covering XX sectors, which includes the defense sector too, to encourage local manufacturing and to reduce imports. In 2005, India conceptualized the development of an advanced soldier system, Future Infantry Soldier as a System (F-INSAS). The Indian Army divided the program into two categories, one aiming to enhance battlefield management systems (BMS), which include advancing communication and computer technologies. The second project includes procuring carbines, assault rifles, light machine guns (LMGs), and other equipment.
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The increasing adoption of electronic devices in the battlefield ecosystem drives the adoption of advanced wearables to the soldiers to increase their lethality and accuracy. F-INSAS program matches the future warfare requirement by providing a soldier with various wearables. Major wearables of F-INSAS include bulletproof vests (BPV), bulletproof helmet., and the boot anti-mine (BAMI). India’s economy is one of the world’s fastest-growing economies, and its defense budget continues to grow substantially. However, in March 2020, the Organization for Economic Co-operation and Development (OECD) lowered its economic growth projections alongside Japan, China, and South Korea. Moreover, India has also paused procurements and announced a decrease in military spending amid COVID-19.
