Global Soldier System Market

By Author: Vikas Godage
Total Articles: 446
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Global Soldier System Market size was valued at US$ 10.33 Bn. in 2019 and the total revenue is expected to grow at 6.5 % through 2020 to 2027, reaching nearly US$ 17.10 Bn.

Global Soldier System Market Overview:

A well-trained and courageous soldier is the ultimate weapon for any defense force. A soldier is a vital link for implementing war strategies on the battlefield and acts as the prime source for intelligence transfer to the command center. The importance of soldiers on battlefields holds tremendous opportunities for the use of gears, technology, and accessory equipment that will improve mobility, lethality, survivability, communication, and sustainment of the soldier. Soldier System is a modular system that is equipped on the dismounted soldier to improve the effectiveness of the soldier in battlefield operations. An increase in the use of advanced technology for saving the lives of soldiers by the governments has resulted in a growth in the Global Soldier System Market.

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The report has covered the market trends from ...
... 2015 to forecast the market through 2027. 2019 is

Considered a base year however 2020’s numbers are on the real output of the companies in the market.

Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the

impact of lockdown for the next two years on the market. Some companies have done well in lockdown

also and specific strategic analysis of those companies is done in the report.

Global Soldier System Market Dynamics:

Soldier Systems are developed with the aim to improve the functional limitations of soldiers on the battlefield. Soldier System consists of advanced audio and visual enhancing machinery along with the tools for detection of threat and communication that helps in improving the battlefield competence of the soldiers. An increase in the demand for mountable machinery that helps in saving lives of soldiers has resulted in a growth in demand for the Soldier System by the defense sectors of developing and developed nations.

The Soldier System consists of an assembly of different products from a simple knee pad to detection sensors for underground mines. The Soldier System helps in improving the analyzing capacity of the soldier and provides an in-depth report about the geographical situations and threats that may happen, which has improved the life expectancy of soldiers serving in dangerous war zones. The rising demand for machinery that combines human intelligence with the help of mountable machinery has resulted in a rise in demand for the Soldier System.

An increase in geopolitical issues around the world has resulted in a rising demand for advanced machinery by the defense forces. The recently happened 44-day war between Armenia and Azerbaijan saw the use of soldier system from the Azerbaijan side that helped them won this war in complex geographical conditions in Nagorno Karabakh. The easy-to-operate nature of the Soldier System has resulted in increased use of it by the defense forces of nations around the world.

The rising instability in the governments around the world has resulted in a growth in demand for advanced machinery used by defense forces for maintaining law and order. An increase in the political instability in underdeveloped and developing nations present in Asia and Africa has resulted in a rising preference for military-grade systems and machinery to control civil conflicts. The growing preference for easy-to-use machinery by civil defense services has resulted in a boom in the Global Soldier System Market.

It is of utmost importance to maintain communication between a soldier and command center and soldiers present on the field for increased coordination and successful implementation of the battle strategy. In order to fulfill the rising demand for detection and communication devices from the defense sector, Thales Group launched their new product, Thales SHArc Soldier System, in June 2020, which improves on-field detection and communication in connected soldier system formation used on the battlefield.

The rising demand for advanced machinery to be equipped on the dismounted soldier to improve its battlefield functions act as the major driving factor for the growth of the Global Soldier System Market.

Restraints:

Increased expenditure on the use of unmanned vehicles on the battlefield is the major restraining factor here.
An increase in the budget cuts of the defense sectors by developing countries is limiting the growth of the Global Soldier System Market.

Global Soldier System Market Segment Analysis:

The Global Soldier System Market is segmented

By Technology, The lack of communicable networks in challenging geographical regions has forecasted Wearable Devices to dominate the Technology segment of the Global Soldier System Market in the coming years. The rising use of computer-operated technology on the battlefield has resulted in a 4.8% increase in demand for the use of Artificial Intelligence in the second decade of this century by the defense sector of developed nations like the US, Germany, and France.

By Component, An increase in demand for life-saving suits for soldiers by the armies of various nations has forecasted Personal protection Kits to dominate the Component segment of the Global Soldier System Market in the coming years. The rising demand for visual devices by the defense forces operating in difficult geographical conditions has resulted in a 3.3% increase in demand for Display and Imaging Devices in 2019 compared to the duration of 2014-2018 by the defense sector of the US.

An increase in the use of the Soldier System for equipping civil security services like riot control has resulted in a 2.1% increase in demand for Software that analyzes crowds in the second decade of this century by municipalities of financial centers like London, Hong Kong, and Seoul.

By Application, The preference for the human mind on the battlefield and the need to equip the soldier with advanced machinery has forecasted the Surveillance and Reconnaissance to dominate the Application segment of the Global Soldier System Market in the coming years.

The rising demand for better communication equipment for receiving and conveying orders on the battlefield has resulted in a 4.5% increase in demand for updated and excellent Communication & Networking Systems from 2015 through 2019 by the defense sectors of countries like the US, Saudi Arabia, and India. The rising expenditure on providing world-class training to the elite forces has resulted in a 3.5% increase in demand for Combat Simulation and Training & Monitoring after 2016 by the countries like the US, UK, Germany, China, and Israel.

By Platform, An increase in demand for mountable gears for soldiers on the battlefield has forecasted defense forces fighting on land to consume the Soldier System at a CAGR of 5.5% in the forecasted period. The rising preference for surgical operations to eliminate national threats has resulted in a 3.8% increase in demand for the Soldier System by Joint Forces in 2019 compared to the duration of 2015-2018 by countries like the US, Russia, and Israel.

Increased operations of airborne services consisting of personnel to be readily available to operate in hostile territories for reconnaissance has resulted in a 2.6% increase in demand for Soldier System from 2018 through 2020 by the Air Force of countries like the US, China, and India. An increase in the number of entrepreneurs focusing on space tourism and the concern of safety in space has forecasted the consumption of Soldier System to increase by 7% by the commercial Space sector in the coming years.

By End User, The rising preference for well-equipped and combat-ready personnel to counter any situation has forecasted the Military to dominate the End User segment of the Global Soldier System Market in coming years. Increased use of advanced machinery for tracking criminals by civil defense agencies has resulted in a 1.8% increase in demand for Soldier Systems from 2018 through 2020 by the departments handling internal Security of countries like the US, UAE, Saudi Arabia, and Israel.

Global Soldier System Market Regional Insights

The presence of the military in the middle-eastern countries and the role of countries like the US and Canada as the major exporter of weapons and advanced military technologies to other countries has made North America the biggest market for the Soldier System. An increase in the geopolitical conflicts around the world and the role of weapon suppliers of this region has resulted in a 5.5% increase in the consumption of the Soldier System from 2018 through 2020 in this region.

The rising demand for advanced equipment by the defense sector has resulted in a 4.1% increase in demand for the Soldier System in Europe in the duration of 2015 through 2018. An increase in the number of refugees from middle-eastern countries and constant threats to major cities of Europe from extremists has resulted in a 3.8% increase in demand for the Soldier System in the second decade of this century by the internal security agencies of countries present in this region.

The rising conflict between nations and increased expenditure on advanced technology by the defense sector has forecasted the Soldier System market to grow at a CAGR of 8% in the coming years in the Asia-Pacific. The rising border conflicts between China-India, China-Japan, India-Pakistan, and China-Philippines have resulted in a 3.2% increase in demand for Soldier Systems for Reconnaissance and Surveillance from 2018 through 2020 in the defense sector of countries like Japan and India.

The Middle East and Africa’s market is showing a growth rate of 3% which is concentrated more in countries like UAE, Saudi Arabia, Israel, Jordan, and Kenya that prefers spending big amounts on their annual defense budget. The South American market is showing a low growth rate, the reason for which is lack of awareness related to advanced technology in warfare and limitation in the availability of funds for purchasing advanced machinery by the defense sector present in this region.

The objective of the report is to present a comprehensive analysis of the global Soldier System market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Soldier System market dynamics, structure by analyzing the market segments and Project the global Soldier System market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Soldier System market make the report investor’s guide.

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Global Soldier System Market Scope: Inquire before buying

Global Soldier System Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Global Soldier System Market Key Players

• Rheinmetall AG
• Safran
• Leonardo UK Ltd.
• Rockwell Collins
• FLIR Systems
• L3 Harris Corporation
• General Dynamics
• Saab AB
• Thales Group
• Lockheed Martin Corporation
• Raytheon Company
• Aselsan AS
• Elbit Systems Ltd.
• United Technologies Corporation
• Inova Design Solutions

FAQS:

1) What is the market share of the Global Soldier System Market in 2019?

Answer: The Global Soldier System Market was valued at US $ 10.33 Billion in the year 2019.

2) Which is the dominating region for the Global Soldier System Market?

Answer: The military presence around the world and demand for updated technology for soldiers has resulted in making North America the biggest market for Aircraft Pumps.

3) What are the opportunities for technological development in the Global Soldier System Market?

Answer: The use of AI to complete the human limitations holds an ample amount of opportunities for technological development in the Global Soldier System Market.

4) Which factor acts as the driving factor for the growth of the Global Soldier System Market?

Answer: The rising preference for the use of modernized technology by the defense sector of developed and developing countries act as the major driving factor for the growth of the Global Soldier System Market.

5) What factors are restraining the growth of the Global Soldier System Market?

Answer: The presence of strict laws for the regulation and approval of advanced machinery in developing countries acts as the major restraining factor for the growth of the Global Soldier System Market.

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