The soldier system market is projected to grow from USD 10.4 Billion in 2022 to USD 12.8 Billion by 2027, at a CAGR of 4.4% during the forecast period. . Market is anticipated to grow due to consumer preference for sophisticated gadgets, increasing growth prospects of next-generation displays and integrated soldier systems, the rising popularity of wearable fitness and medical devices, and the wide use of the Internet of Things (IoT). However, declining defense budgets and a preference for conventional warfare over advanced systems in developing countries are crucial in limiting market growth.

Vision segment is expected to account for the largest share in 2022
Based on Type, the vision fixed installation segment is projected to lead the Soldier System market during the forecast period. There is a huge demand for AR & VR-powered training to support the growth of the training & simulation segment of the soldier system market worldwide.

The Military Segment is projected to dominate the market share in the End User segment during the forecast period
Based on End User, the military segment is projected to dominate the market share during the forecast period. The increasing geopolitical rift among countries has led to the modernization of soldiers to achieve tactical superiority and enhance the adoption of sophisticated wearable technology to ensure their protection and safety against ballistic; fragmentation; flame; flash & heat; blast laser; and chemical, biological, radiological, and nuclear (CBRN) threats.

North America is expected to account for the largest market share in 2022
The Soldier System market industry has been studied in North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America accounted for the largest market share in 2022. The North America market will experience considerable growth in the next years because of the rising military modernization programs, rising investments in developing technologically advanced soldier systems for defense soldiers, and the growing military procurement by Russia, Germany, India, and China contribute to the global expansion of the market.

The break-up of the profile of primary participants in the Soldier System market:

  • By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
  • By Designation: C Level – 50%, Director Level – 25%, Others-25%
  • By Region: North America – 60%, Europe – 20%, Asia Pacific – 10%, Middle East – 5%, and Latin America – 5%

Prominent companies include BAE Systems plc (UK), Elbit Systems (Israel), Aselsan A.S. (Turkey), Saab AB (Sweden), Rheinmetall AG (Germany), General Dynamics (US), and Thales Group (France), among others

Research Coverage:
The report segments the Soldier System market based on Type, End User, and Region. Based on type, the market is segmented into personal protection, respiratory protective equipment (RPE), communication, power & transmission, surveillance & target acquisition, navigation & health monitoring, vision, exoskeleton, and training & simulation. Based on End User, the market is segmented into military and homeland security. The Soldier System market has been studied for North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Soldier System market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the Soldier System market. Competitive analysis of upcoming startups in the Soldier System market ecosystem is covered in this report.

Reasons To buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Soldier System market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on Soldier System offered by the top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Soldier System market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the Soldier System market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Soldier System market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players in the Soldier System market