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Market research analysts at Technavio predict that the global soldier monitoring system market will grow steadily during the next four years and post a CAGR of almost 6% by 2021. This market research analysis identifies the miniaturization of electronic materials as one of the primary growth factors for this market. The technology has got smaller, faster and better, and is possible to integrate information, sensitivity, and intelligence into a single material that also increases the attraction levels. Miniaturization not only reduces the size but also helps in the elimination of components leading to simpler and lightweight products. The miniaturization of electronics and other components will drive the adoption of lightweight soldier monitoring systems during the forecast period, subsequently fueling market growth.
One of the latest trends that will gain traction in the soldier monitoring system market in the coming years is the adoption of sensor fusion technology. The military agencies are adopting an alternative approach to sensor fusion technology that advocates the blending of an assortment of sensors supported by an integrated software that delivers final products instead of the raw data set. This technology enhances the overall performance of the ground troops and eases army training.
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The global soldier monitoring system market is in the infancy stage. Major remote health monitoring technology providers are taking advantage of their resources with the latest technology to introduce competitive products into the market and gain a significant share of the total market for securing contracts. Smaller players are also engaged in various R&D projects in collaboration with other agencies to survive and succeed in the competitive soldier health and position tracking system market.
The leading vendors in the market are -
The other prominent vendors include Inova Design Solutions, Lockheed Martin, and Q-Track.
The defense segment is expected to remain the dominant segment in the soldier health and position tracking system market throughout the forecast period. This is mainly due to the growing preference among defense agencies to provide continuous support to their ground troops as well as track health conditions. The deployment of such monitoring systems will not only increase situational awareness of field troops but also enable the military to exchange information using wireless networks, which will have a huge effect on the growth of the soldier monitoring system market.
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the soldier health and position tracking system market by 2021. The security requirements of the Americas are increasing with the growing threats from various militant groups and hostile countries and this increases their focus on providing soldiers wearables equipped with electronic devices that can enrich their situational understanding. The US has a large base of field military regiments and logistic systems and is the largest user of defense equipment and systems. Failed missions without the support of these units with advanced systems have triggered the need for investments towards the development of wearable devices that can establish a greater situational awareness for the field troops and is paving way for the growth of the soldier monitoring system market in the Americas.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
Tags: soldier systems, monitoring software, defense technology, defense department, aerospace and defense market study, defense market trends,
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