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

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?

Download the Free Report Sample to Unlock the Soldier Systems Market Size for the Forecast Period and Other Important Statistics

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?

For more insights on the market share of various regions Request for a FREE sample now!

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?

To gain further insights on the market contribution of various segments Request for a FREE sample

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.

Request for a FREE sample

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch