The global military load carriage systems market to post at a CAGR of 3.36% during the forecast period.
The report covers the present scenario and the growth prospects of the global military load carriage systems market for 2016-2020. To calculate the market size, the report presents the market landscape and a corresponding detailed analysis of the five major vendors operating in the market. The report also includes a discussion of the key vendors operating in this market.
In 2015, the Americas led the market with a share of 36.65%, followed by EMEA with a share of 35.34%, and APAC with a share of 28.01%. Over the forecast period, the European and the Middle East countries are expected to be the fastest-growing market for the military load carriage systems with the major share of expenses made by France, Germany, Iran, Iraq, Israel, the Netherlands, Russia, Saudi Arabia, Turkey, and the UK.
Introduction of Integrated Load Carriage System will be a key trend for market growth. The Integrated Load Carriage System (ILCS), a patented product line, developed by AttackPAK, comprises of both the backpack and body armor into one unit. This system enables the transfer of the operator's equipment weight onto the hips and legs, off the shoulders and back, of military personnel. This results in the reduction of stress, body pain, and fatigue. This system also enables quick and efficient performance of the soldiers' engagement in military operations, despite carrying heavy loads for long hours.
According to the report, war zones located in rugged and mountainous regions will be a key driver for market growth. Water and food sources are very critical for the sustainment of the armed personnel in the deserted regions, particularly, as the deployed soldiers lose a lot of their body water in the form of sweat during vigorous military training exercises and combat operations. Similarly, the artillery, communication systems, and pharmaceuticals are of equal importance in such regions. This is where the military load carriage systems come into the picture.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Aegis Engineering
- BAE Systems
- Boston Dynamics
- Lockheed Martin
For more information about this report visit http://www.researchandmarkets.com/research/8jdx8h/global_military
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-military-load-carriage-systems-market-2016-2020-with-aegis-engineering-bae-systems-boston-dynamics-cqc--lockheed-martin-dominating-300350815.html
SOURCE Research and Markets