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Soldier Systems Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71959
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The soldier systems market share is expected to increase by USD 4.04 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.93%.

This soldier systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers soldier systems market segmentation by application (military and homeland security) and geography (North America, Europe, APAC, MEA, and South America). The soldier systems market report also offers information on several market vendors, including ASELSAN AS, Collins Aerospace, Elbit Systems Ltd., L3Harris Technologies Inc., Leonardo Spa, Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Teledyne FLIR LLC, and Thales Group among others.

What will the Soldier Systems Market Size be During the Forecast Period?

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Soldier Systems Market: Key Drivers and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased deployment by the military segment is notably driving the soldier systems market growth, although factors such as defense budget cuts affecting procurement patterns may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the soldier systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Soldier Systems Market Driver

One of the key factors driving the global soldier systems market growth is the increased deployment by the military segment. The rapid advances in VR and AR technologies will revolutionize army training by delivering mission-critical situational awareness. AR can provide useful information, such as enemy location to soldiers within their line of sight hence, it is extensively used for training and simulation purposes. The government of many countries has increased spending on training to seize an opportunity to augment the readiness of soldier systems. For instance, the US Army has deployed a new AR heads-up display technology that makes modern warfare feel like a first-person video shooter. The increased deployment of soldier systems across the military sector is projected to positively impact the market in focus during the forecast period.

Key Soldier Systems Market Challenge

One of the major challenges to the global soldier systems market growth is the defense budget cuts affecting procurement patterns. The lack of financial resources will be an issue as countries are still recovering from the COVID-19 pandemic. Several sectors have been exposed to critical damage, which requires massive government interventions for revival. The budget constraints and prioritization of near-term readiness over modernization will negatively impact the growth of the market in focus during the forecast period.

This soldier systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Soldier Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ASELSAN AS
  • Collins Aerospace
  • Elbit Systems Ltd.
  • L3Harris Technologies Inc.
  • Leonardo Spa
  • Raytheon Technologies Corp.
  • Rheinmetall AG
  • Saab AB
  • Teledyne FLIR LLC
  • Thales Group

 

This statistical study of the soldier systems market encompasses successful business strategies deployed by the key vendors. The soldier systems market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The soldier systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Soldier Systems Market?

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33% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for soldier systems in North America. However, the market growth rate in this region will be slower than the growth of the market in Europe, APAC, and MEA.

The significant rise in military spending and increased adoption of soldier systems, such as head-up displays, security cameras, and HMDs, in the military segment, will facilitate the soldier systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Soldier Systems Market?

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The soldier systems market share growth by the military segment will be significant during the forecast period. The growth is attributed to the advances in VR and AR technologies that help in training and stimulation. In addition, the increase in the adoption of radar systems in military applications for ground-based detection, weather sensing, and navigation and mapping of military aircraft will also drive the growth in the market in focus during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the soldier systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Soldier Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.93%

Market growth 2022-2026

$ 4.04 billion

Market structure

Concentrated

YoY growth (%)

3.21

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 33%

Key consumer countries

US, Canada, Russian Federation, China, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ASELSAN AS, Collins Aerospace, Elbit Systems Ltd., L3Harris Technologies Inc., Leonardo Spa, Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Teledyne FLIR LLC, and Thales Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Soldier Systems Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive soldier systems market growth during the next five years
  • Precise estimation of the soldier systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the soldier systems industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of soldier systems market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Military - Market size and forecast 2021-2026
    • Homeland security - Market size and forecast 2021-2026
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ASELSAN AS
      • Collins Aerospace
      • Elbit Systems Ltd.
      • L3Harris Technologies Inc.
      • Leonardo Spa
      • Raytheon Technologies Corp.
      • Rheinmetall AG
      • Saab AB
      • Teledyne FLIR LLC
      • Thales Group

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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
      Technavio

      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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The soldier systems market growth will increase by $4049.63 million during 2021-2026.
      The soldier systems market is expected to grow at a CAGR of 4.93% during 2021-2026.
      Technavio has segmented the soldier systems market by application (Military, Homeland security, Military, and Homeland security) and geographic (North America, Europe, APAC, MEA, and South America).
      ASELSAN AS, Collins Aerospace, Elbit Systems Ltd., L3Harris Technologies Inc., Leonardo Spa, Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Teledyne FLIR LLC, Thales Group are a few of the key vendors in the soldier systems market.
      North America will register the highest growth rate of 32.92% among the other regions. Therefore, the soldier systems market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Canada
      • Russian Federation
      • China
      • Germany
      The key factors driving the soldier systems market growth are:
      • Increased deployment by military segment
      The soldier systems market vendors should focus on grabbing business opportunities from the military segment as it accounted for the largest market share in the base year.
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