The Global Soldier Systems Market size was estimated at USD 11.82 billion in 2022 and expected to reach USD 12.45 billion in 2023, projecting growth at a CAGR of 5.66% to reach USD 18.37 billion by 2030.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.
Cumulative Impact of COVID-19:
COVID-19 has been one of the most disruptive events in recent history, with far-reaching repercussions for many industries. For the soldier systems market, there was an increase in demand for essential supplies such as medical equipment and protective gear. Additionally, countries were forced to invest more heavily in research and development (R&D) to develop new technologies to help soldiers perform their duties safely during a pandemic.
Cumulative Impact of Russia-Ukraine Conflict:
The ongoing conflict between Russia and Ukraine has also significantly impacted the soldier systems market. Countries involved in the conflict are investing heavily in advanced weaponry to protect their borders, driving up prices and presenting opportunities for companies to capitalize on this increased demand. Furthermore, both countries seek technology to minimize casualties and improve operational efficiency.
Cumulative Impact of High Inflation:
High inflation has also weighed heavily on the soldier systems market, affecting purchasing power and hindering potential growth opportunities. Market players are struggling to maintain product prices at levels that are competitive with their competitors while still ensuring profitability. To combat this issue, some companies have shifted their focus toward emerging markets with more potential for growth due to lower entry costs and less competition from established players.
The market dynamics represent the ever-shifting landscape of the Global Soldier Systems Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.
- Increased demand for improved and efficient soldier systems to reduce casualties suffered by troops
- Growing preference for simple-to-use machinery for soldier systems
- Increasing expenditure on advanced technology by the defense sector
- Use of conventional warfare systems in underdeveloped countries
- Development and integration of advanced technologies to enhance capabilities of soldier systems
- Ongoing integration of nanotechnology into soldier systems
- Lack of strategic clarity and technology readiness related to soldier systems
Market Segmentation & Coverage:
- Based on Product, the market is studied across Clothing & Protection Equipment, Cordless Communication Systems, Exoskeleton, Micro-Climatic Cooling Systems, Power & Data Management Systems, Respiratory Protective Equipment, Sensors & Individual Equipment, Surveillance & Target Acquisition, Training & Simulation, and Vision Equipment & Heads-Up Display.
- Based on Components, the market is studied across Hardware and Software. The Hardware is further studied across Active sensors & Wearable Sensors and Transmitter & Receiver.
- Based on Operation, the market is studied across Autonomous and Semi-autonomous.
- Based on Application, the market is studied across Combat, Communication, Surveillance & Reconnaissance, and Training & Simulation.
- Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
This research report categorizes the Global Soldier Systems Market in order to forecast the revenues and analyze the trends in each of the following sub-markets:
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Soldier Systems Market, including 3M company, Ametek. Inc., Armor Express, Aselsan S.A., Australian Defence Apparel Pty Ltd., Avon Protection, BAE Systems PLC, BlueHalo, Cobham PLC, Curtiss-Wright Corporation, Dr?gerwerk AG & Co. KGaA, Elbit Systems Inc., General Dynamics Corp., Gentex Corporation, Honeywell International Inc., Kontron, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Inc., Rheinmetall AG, Rohde & Schwarz GmbH & Co KG, Teledyne FLIR LLC, and Thales Group.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Soldier Systems Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Soldier Systems Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Soldier Systems Market?
- What is the competitive strategic window for opportunities in the Global Soldier Systems Market?
- What are the technology trends and regulatory frameworks in the Global Soldier Systems Market?
- What is the market share of the leading vendors in the Global Soldier Systems Market?
- What modes and strategic moves are considered suitable for entering the Global Soldier Systems Market?