Enjoy complimentary customisation on priority with our Enterprise License!
The soldier systems market is estimated to grow at a CAGR of 5.49% between 2022 and 2027 and the size of the market is forecast to increase by USD 4,787.72 million. The growth of the market depends on several factors, such as the increased deployment by the military segment, the rising demand for smart wearables, and the upgrade of defense capabilities to counter emerging security threats.
This report extensively covers market segmentation by application (military and homeland security), type (personal protection, communication, power and data transmission, surveillance and target acquisition, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download Free Report Sample
The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It also includes key purchase criteria and the drivers of price sensitivity to help companies evaluate and develop their growth strategies from 2023 to 2027.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Driver
Rising demand for smart wearables is the key factor driving the growth of the global soldier systems market. Demand for smart wearables is a factor driving significant growth in the global soldier systems market. Smart wearables are electronic devices worn on the body that offer functionality beyond traditional clothing and accessories. When it comes to soldier systems, these wearables are designed to enhance a soldier's field capabilities. Soldiers can benefit from real-time communications, navigation, situational awareness, and health monitoring via smart wearables.
These attributes can raise the percentage of missions that are successful, lower the danger of accidents or fatalities, and increase the overall effectiveness of soldiers in the field. As a result, military organizations all over the world have an increasing need for smart wearables. This factor is expected to drive the growth of the market during the forecast period.
Significant Trend
The adoption of active camouflage is the primary trend in the global soldier systems market growth. Active camouflage is a type of technology that allows soldiers to blend in with their surroundings by using materials that can change appearance and color in real-time. It is trending in the global soldier systems market due to its potential benefits in improved camouflage, reduced detection, and increased survivability in combat situations. Technological developments such as creating more effective and lighter materials, better power supplies, and improved sensor capabilities are expected to increase the use of active camouflage in the global soldier systems market. Active camouflage may also lighten conventional camouflage gear, improve soldier agility, and increase mobility.
Additionally, the adoption of active camouflage between 2023 to 2027 is anticipated to be fueled by the rising demand for soldier systems that can give a tactical advantage and increase survivability in contemporary warfare. To further improve the capabilities of this technology for their soldiers, many military forces around the world are investing in research and development. Hence, this trend is expected to drive the growth of the market during the forecast period.
Major Challenge
The growing connectivity of soldier systems is a major challenge to the growth of the global soldier systems market. The growing connectivity of soldier systems to networks and other devices is a major challenge for the global soldier systems market. Although the incorporation of cutting-edge technologies and connectivity features can improve soldier systems’ capabilities, it also exposes them to cyberattacks and potential security breaches. Sensitive data, including personal information, mission-critical data, and classified information, are frequently found in soldier systems.
The safety of soldiers and the progress of military operations may be in a precarious position if this data ends up in the hands of malicious users. Threats to cybersecurity can also affect the efficiency with which the soldier systems perform, leading to mission failure and raising the risk for soldiers. This challenge is expected to hinder the growth of the market during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ASELSAN AS: The company offers soldier systems such as Thermal /imagers, SkeetIR thermal vision, and Laser Rangefinders. Also, this segment includes technical system design, development, production, and after-sales services for various products for the defense industry.
Baylin Technologies Inc.: The company offers soldier systems such as RF Converters, Amplifiers & BUCs, and Satellite Antennas. Also, the company offers wireless communication solutions through its subsidiaries Galtronics Corporation, Advantech Wireless Technologies Inc. and Alga Microwave.
We also have detailed analyses of the market’s competitive landscape and offer information on 15 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The military segment will contribute a major share of the market's growth during the forecast period. The military segment holds the major share of the global soldier systems market. Soldier systems such as head-mounted displays (HMDs) are either deployed by the aerial, land, or seaborne workforce. HMDs are typically used for mission-critical situational awareness among the workforce. The military segment will experience steady growth during the forecast period.
Get a Customised Report as per your requirements for FREE!
Military operations require special skills such as identifying enemy, non-enemy, and friendly forces and coordinating the actions of small units. The Q-Warrior HMD from BAE Systems Plc displays waypoints, points of interest, and destinations by augmenting the real world. This sensor allows users to view /images from unmanned vehicles and other surveillance sensors. Armies around the world are using VR and AR equipment for military training. Moreover, increasing the military budget coupled with product releases by vendors will drive the growth of the market segment during the forecast period.
Based on type, the market has been segmented into personal protection, communication, power, and data transmission, surveillance and target acquisition, and others. The personal protection segment was the largest revenue-contributing segment in 2022, and it is expected to retain its position during the forecast period. To increase soldier survivability in the face of contemporary threats such as ballistic and blast threats, chemical and biological agents, and harsh environmental conditions, personal protection systems are in high demand. Due to the growing emphasis on soldier safety and protection, the personal protection segment is expected to be a key segment in the global market for soldier systems.
North America is estimated to contribute 33% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
For more insights on the market share of various regions Request a FREE PDF Sample now!
The adoption of smart wearables for military operations will increase in this region. Heavy investment in the automation of operations through the integration of digitized processes will have a positive impact on the demand for soldier systems from the region during the forecast period. Moreover, the increasing military spending and the introduction of wearable devices such as head-mounted displays will contribute to the growth of the North American soldier systems market.
In 2020, the market in the region witnessed a decline in the demand for soldier systems due to the COVID-19 outbreak. However, the adoption of contactless delivery since Q3 2020 and the lifting of lockdown restrictions due to the initiation of vaccination drives have increased the demand for soldier systems in the region. Such factors are expected to drive the growth of the soldier systems market in North America during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Soldier Systems Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
172 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.49% |
|
Market growth 2023-2027 |
USD 4,787.72 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
4.29 |
|
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
|
Performing market contribution |
North America at 33% |
|
Key countries |
US, Canada, China, Russia, and Germany |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
ASELSAN AS, BAE Systems Plc, Baylin Technologies Inc., BERETTA HOLDING SA, Elbit Systems Ltd., General Dynamics Corp., L3Harris Technologies Inc., Leonardo Spa, Mayflower Communications Co. Inc., Northrop Grumman Systems Corp., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Shoghi Communications Ltd., Singapore Technologies Engineering Ltd., Stumpp Schuele and Somappa Springs Pvt. Ltd., Teledyne Technologies Inc., Thales, Trijicon Inc., and Cisco Systems Inc. |
|
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 forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
