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Global Smart Textiles for Military Industry Report 2023-2032: Increasing Adoption of Lightweight and Flexible Smart Textiles to Enhance Solider Mobility and PerformanceDUBLIN, March 18, 2024 /PRNewswire/ -- The "Smart Textiles for Military Market Report by Type, Application, End User, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global smart textiles for military market size reached US$ 890.4 million in 2023. The market is projected to reach US$ 2,535.5 million by 2032, exhibiting a growth rate (CAGR) of 12.33% during 2023-2032. The growing concerns regarding national security and the augmenting demand for efficient textiles that can provide critical capabilities in the field while ensuring soldier safety represent some of the key factors driving the market. Smart textiles for military refer to specialty fabrics that incorporate electronic components and technology that provides additional functionalities to soldiers beyond the traditional textile properties. They have integrated electronic components, such as sensors, microphone and cameras, to enhance their functionality and provide enhanced safety. These fabrics or materials are characterized by enhanced durability, flexibility and light weight. In addition, these textiles can have additional features, such as communication capabilities, and protection against external agents. The inbuilt sensors and cameras used in smart clothes provide communication between soldiers or between soldiers and command centers, monitor the wearer's vital signs and physical activity, and alert them if dangerous elements are nearby. Smart textiles for military also provide several advantages, such as the effective streamlining of various military functions simultaneously, saving time and resources, and increased soldier mobility due to the integration of multiple functionalities into a single piece of clothing or equipment. Smart Textiles for Military Market Trends The global market is primarily driven by the augmenting demand for efficient textiles that can provide critical capabilities in the field while ensuring soldier safety. This can be attributed to the rising need for advanced military technologies with an enhanced focus on focus on soldier health and wellness. In line with this, the increasing adoption of lightweight and flexible smart textiles that can enhance soldier performance as well as comfrt is also providing an impetus to the market. Moreover, the growing concerns regarding national security are resulting in continual upgradations in military gear, which, in turn, is resulting in an increased product demand. Continual technological developments in the manufacturing of various fabric materials and technologies for military applications, including conductive textiles, and nanotechnology, are also acting as another significant growth-inducing factor for the market. Besides this, considerable rise in investments from government agencies and defense organizations of several countries across the globe is also impacting the market positively. Furthermore, the increasing integration of the Internet of Things (IoT) technologies in smart textiles facilitating enhanced communication, situational awareness, and data analysis is also creating a positive outlook for the market. Some of the other factors contributing to the market include rapid digitization, rising geopolitical tensions, increasing military expenditure, and extensive research and development (R&D) activities conducted by the key players. Asia-Pacific was the largest market for smart textiles for military. Some of the factors driving the Asia-Pacific smart textiles for military market included increasing military expenditure, continual technological advancements, inflating disposable income levels, etc. Key Questions Answered in This Report
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SOURCE Research and Markets |