Skip to main content

Ongoing Soldier Modernization Programs To Boost Soldier Systems Market Growth

The soldier systems market is projected to grow from USD 9.78 billion in 2018 to USD 14.14 billion by 2023, at a CAGR of 7.65% from 2018 to 2023. The growth of the soldier systems market can be attributed to the increasing incidences of terrorism and ongoing soldier modernization programs across the globe.

Based on end user, the military segment of the soldier systems market is projected to grow at the highest CAGR during the forecast period.

Among end users, the military segment is expected to lead the soldier systems market in 2018, and this trend is expected to continue till 2023. The growth of the military segment of the market can be attributed to the fact that military forces across the globe are upgrading their existing soldier systems to enhance the survivability of soldiers. Ongoing soldier modernization programs, increasing cross-border conflicts, and rising number of terrorism-related activities across the globe are also contributing to the growth of the military segment of the soldier systems market.

Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/soldier-system-market-137230260.html

Based on type, the soldier systems market has been segmented into personal protection, Respiratory Protective Equipment (RPE), communication, power and transmission, surveillance and target acquisition, navigation and health monitoring, vision, exoskeleton, and training & simulation. The communication segment is projected to lead the soldier systems market during the forecast period. The training & simulation segment of the market is projected to grow at the highest CAGR during the forecast period. This growth of the training & simulation segment of the market can be attributed to the penetration of Augmented Reality (AR) and Virtual Reality (VR) in various training & simulation devices. The ability of augmented reality to combine the real world with virtual objects has increased the demand for augmented reality in various defense applications.

The Asia Pacific soldier systems market is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific soldier systems market is projected to grow at the highest CAGR from 2018 to 2023. The rapid growth of the soldier systems market in the Asia Pacific region can be attributed to the innovations being carried out in emerging economies such as China and India for the development of advanced soldier systems. The countries in the Asia Pacific region are conducting military modernization programs for their ground troops by domestically developing various types of soldier subsystems, equipment, and gears.

China is expected to account for the largest share of the Asia Pacific soldier systems market in 2018. The growth of the China soldier systems market can be attributed to the ongoing R&D activities in the country for the development of advanced technologies and solutions for soldier systems.

Major players in the soldier systems market are Rheinmetall AG (Germany), General Dynamics (US), Elbit Systems (Israel), Leonardo (Italy), Saab AB (Sweden), Rockwell Collins (US), FLIR Systems (US), Harris Corporation (US), and Thales Group (France), among others.

Get Sample Insights: https://www.marketsandmarkets.com/requestsampleNew.asp?id=137230260

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Comments

Post a Comment

Popular posts from this blog

Ice Protection Systems Market, By Technology, Application, Type, Platform & Region Outlook BY 2021

  The growth of the ice protection systems market is expected to be propelled by increase in air traffic, new airline business models in emerging economies, and new airport projects in developed economies. The requirement of ice protection system varies according to the platforms in which it is being used. As military operations are usually carried out from non-traditional airfields with limited facilities, it is quite imperative that the aircrafts should be equipped with ice protection systems. For chemical deicing in military aircrafts, deicing fluids with different chemical composition are used. Ice protection systems are used to prevent atmospheric ice from accumulating on aircraft surfaces. The  global ice protection systems market  is estimated to be USD 7.91 Billion in 2016, and is projected to reach USD 10.17 Billion by 2021, at a CAGR of 5.14% from 2016 to 2021. The major difference between anti-icing and deicing system is that the former system prevents ice form...
Post a Comment
Read more

Cannabis Market Is Poised To Reach $39.4 billion by 2023

The global  cannabis market  size is expected to grow from USD 10.3 billion in 2018 to USD 39.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period. The major factors driving the cannabis market include the growing medicinal application of cannabis and the increasing legalization of cannabis. Browse 76 market data Tables and 44 Figures spread through 149 Pages and in-depth TOC on "Cannabis Market - Global Forecast to 2023" The flower segment is estimated to be the dominant segment in 2018. The cannabis market, by product type, is estimated to be dominated by the flower segment in 2018. The dominance of this segment is largely attributable to its wider availability and its method of delivery, as smoking or vaping the cannabis flower has a quicker effect and is preferred for fast-acting relief by medical and recreational cannabis consumers. Additionally, in comparison with concentrates, flowers are able to retain a hi...
Post a Comment
Read more

North America Is Anticipated To Lead The Radome Market From 2021 To 2026

The global radome market is estimated at USD 1.7 billion in 2021 and is projected to reach USD 3.3 billion by 2026, at a CAGR of 15.0% from 2021 to 2026. The radome market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The Advancements in composite materials technology for Radome structure, focus on development of compact radome for UAV platforms, demand for technologically advanced radome systems for next-generation aircraft and significance of radomes in warfare are fueling the growth of the radome market. The radome market is being driven by the increased adoption of advanced military UAV systems to gain an advantage over enemy forces and the increasing defense expenditure of various countries. Industry players are undertaking R&D activities that focus on improving the capability of these radomes to perform in all-weather conditions and provide support in commercial as well as defense operations, s...
Post a Comment
Read more