Global Soldier Systems Market Report 2023: Developing and Integrating Advanced Technologies to Enhance Capabilities of Current-Generation Soldier Systems Presents Opportunities
DUBLIN, Feb. 24, 2023 /PRNewswire/ -- The "Global Soldier Systems Market by Type (Personal Protection, Respiratory Protective Equipment, Communication, Power & Data Transmission), End-User (Military, And Homeland Security) and Region (North America, APAC, Europe, MEA, RoW) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The soldier system market is projected to grow from USD 10.4 Billion in 2022 to USD 12.8 Billion by 2027, at a CAGR of 4.4% during the forecast period. . Market is anticipated to grow due to consumer preference for sophisticated gadgets, increasing growth prospects of next-generation displays and integrated soldier systems, the rising popularity of wearable fitness and medical devices, and the wide use of the Internet of Things (IoT). However, declining defense budgets and a preference for conventional warfare over advanced systems in developing countries are crucial in limiting the market growth.
Vision segment is expected to account for the largest share in 2022
Based on Type, the vision fixed installation segment is projected to lead the Soldier System market during the forecast period. There is a huge demand for AR & VR-powered training to support the growth of the training & simulation segment of the soldier system market worldwide.
The Military Segment is projected to dominate the market share in the End User segment during the forecast period
Based on End User, the military segment is projected to dominate the market share during the forecast period. The increasing geopolitical rift among countries has led to the modernization of soldiers to achieve tactical superiority and enhance the adoption of sophisticated wearable technology to ensure their protection and safety against ballistic; fragmentation; flame; flash & heat; blast laser; and chemical, biological, radiological, and nuclear (CBRN) threats.
North America is expected to account for the largest market share in 2022
The Soldier System market industry has been studied in North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America accounted for the largest market share in 2022. The North America market will experience considerable growth in the next years because of the rising military modernization programs, rising investments in developing technologically advanced soldier systems for defense soldiers, and the growing military procurement by Russia, Germany, India, and China contribute to the global expansion of the market.
Market Dynamics
Drivers
- Lightweight and Rugged Wearable Systems to Combat Challenges
- Soldier Modernization Programs to Fuel Demand for Advanced Soldier Systems
- Asymmetric Warfare to Encourage Adoption of Soldier System Technologies
Restraints
- Conventional Warfare Systems to Restrain Growth of Soldier System Market
- Supply Chain Disruptions to Affect Production of Soldier Systems
Opportunities
- Developing and Integrating Advanced Technologies to Enhance Capabilities of Current-Generation Soldier Systems
- Integrating Nanotechnology into Soldier Subsystems to Fuel Market Growth
- Increased Demand for Improved and Efficient Soldier Systems to Reduce Casualties Suffered by Troops
Challenges
- Lack of Strategic Clarity and Technology Readiness to Pose Challenges for Market
- Need for Weight Reduction on Soldiers to Challenge Soldier System Manufacturers
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
Figure 26 Supply Chain Analysis of the Soldier System Market
6.3 Technology Trends
6.3.1 Unmanned Platform Operated by Soldiers
6.3.2 Combined Damage Reduction
6.3.3 Brain-Computer Interfaces
6.3.4 Individual Situational Awareness: Delivering Decisions at Command Levels
6.3.5 Augmented and Virtual Reality for Training & Simulation
6.3.6 Multiband Tactical Communication Amplifiers
6.3.7 Mobile User Objective System: Cell Phone-Like Capability for Software-Defined Radios
6.3.8 Near Field Communication
6.3.9 Smart Clothing
6.3.10 Microelectromechanical Systems and Nanotechnology
6.3.11 Next-Generation Sensor Systems
6.3.12 IoT-based Soldier System Wearables
6.3.13 Smart Batteries
6.4 Impact of Megatrends
6.4.1 Implementation of Industry 4.0
6.4.2 Shifting of Power
6.4.3 Advancements in Supply Chain for Soldier System Manufacture
6.5 Patent Analysis
Table 15 Patent Analysis, 2019-2022
7 Soldier System Market, by Type
8 Soldier System Market, by End-user
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
12 Appendix
Companies Mentioned
- Aselsan A.S.
- Bae Systems PLC
- Bionic Power Inc.
- Elbit Systems Ltd.
- Epsilor-Electric Fuel Ltd.
- General Dynamics Corporation
- Glenair Inc.
- Interactive Wear AG
- L3Harris Technologies, Inc.
- Leonardo S.P.A.
- Lockheed Martin Corporation
- Milipower Source Inc.
- Northrop Grumman Corporation
- Rheinmetall AG
- Saab Ab
- Safariland
- Safran SA
- St Engineering
- Te Connectivity Ltd.
- Teledyne Flir LLC
- Thales Group
- Tt Electronics PLC
- Ultra-Electronics
- Viasat, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/vpd5xj-soldier?w=5
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