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Global Military Load Carriage Systems Market 2016-2020

  • Published: Sep 2016
  • Pages: 56
  • SKU: IRTNTR10446
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This market research study identifies vendors such as Aegis Engineering, BAE, Boston Dynamics, CQC, and Lockheed Martin as the leading players in the global military load carriage systems market. This report also presents market segments by type (backpacks and wearable) and geography (the Americas, APAC, and EMEA).

Overview of the global military load carriage systems market

According to the market research analyst at Technavio, the global military load carriage systems market will grow steadily at a CAGR of around 3% by 2020. One of the primary factors contributing to the growth of the market is the deployment of improved load bearing equipment (ILBE). ILBE an advanced load carriage system specifically designed for the marines or soldiers. The load carriage system includes a modular tactical vest and an outer tactical vest, which integrates with intelligent systems and assists troops in the battlefield. Other components that are included in the system comprise assault packs, hydration system, and manpack, which are carefully designed for the swift mobility of armed troops. For instance, BAE Systems has come up with a Modular Lightweight Load-carrying Equipment (MOLLE) system, which is equipped with adequate weaponry and sustainability kit like a global positioning system (GPS), tactical assault panel (TAP), and a radio and focuses on the comfort of the army and their survivability on the battlefield.

A recent trend observed in the market is the introduction of integrated load carriage system (ILCS). This system is designed for the optimum weight distribution of the gear, which includes backpacks and body armors. The weight is strategically distributed onto the hips and legs of military personnel to reduce stress levels and fatigue. Also, the system consists of an independent battle belt for unrestricted movement and efficient performance of soldiers. These systems can be custom designed to suit the solder’s comfort level and are specific to their assignments.

Competitive landscape and key vendors

The main focus of the manufacturers in the market will be to introduce robust systems that are built with lightweight materials and integrated with electric technologies. The competition in the market is fierce, and the players are competing on the basis of cost advantage, superior product quality, reliability, and aftermarket service. Moreover, the players will also invest in resources to accelerate manufacturing capabilities, offer technologically advanced products, and increase their global presence in the market during the estimated period.

Key vendors in the market are -

  • Aegis Engineering
  • BAE Systems
  • Boston Dynamics
  • CQC
  • Lockheed Martin

Other prominent players in the market include ADS, Australian Defence Apparel, Honeywell, Pivotal Defense Solutions, and Sarkar Defence Solutions.

Segmentation based on type and analysis of the military load carriage systems market

  • Backpacks
  • Wearable

During 2015, the wearables segment dominated the market by accounting for almost 52% of the total market share. The increasing demand for smart wearables including activity trackers, health monitors, smart glasses, and smart watches will lead to the growth of this segment during the forecast period. Wearables have been introduced to improve the mobility of soldiers while maintaining situational awareness and reduce the risk of injuries and exhaustion on the battlefield.

Segmentation based on geography and analysis of the military load carriage systems market

  • Americas
  • APAC
  • EMEA

Market research analysts predict that EMEA will be the largest region for the market and will grow at a CAGR of around 4% by 2020. The increasing deployment of soldiers for peacekeeping missions, which take place in collaboration with UN organizations, will significantly contribute towards the dominance of EMEA in the global market over the next four years. The load carriage systems are equipped with a gear that is well-designed for ensuring immediate action during emergency situations or attacks.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global military load carriage systems market?
  • What are the key market trends impacting the growth of the global military load carriage systems market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global military load carriage systems market?
  • What are the market opportunities and threats faced by the vendors in the global military load carriage systems market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global military load carriage systems market?

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Table of Contents

PART 01: Executive summary

  • Highlights
  • Key takeaways
  • Key buying criteria
  • Military load carriage systems: An overview

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by type

  • Market share by type
  • Market segmentation by revenue
  • Global military wearable load carriage systems market
  • Global military backpack load carriage systems market

PART 07: Geographical segmentation

  • Market share by geography
  • Geographical segmentation by revenue
  • Military load carriage systems market in Americas
  • Military load carriage systems market in EMEA
  • Military load carriage systems market in APAC

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Competitor landscape

  • Competitive scenario
  • Aegis Engineering
  • BAE Systems
  • Boston Dynamics
  • CQC
  • Lockheed Martin

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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