What is Soldier Systems Market?
Soldier system is a type of system, which improves operational capabilities, equipping infantrymen with voice and data network communication equipment. In this system, it includes equipment for dismounted soldiers for protection as well as efficiency during operations. Rising incidences of asymmetric warfare, enhancing situational awareness of soldiers in the battlefield and rising incidences of asymmetric warfare are likely to be a prime driver of the global soldier systems market. The market for the soldier systems is anticipated to register a CAGR of over 8.2% during the forecast period.
The market study is being classified by Type (Personal Protection, Communication, Power and Transmission, Surveillance and Target Acquisition, Navigation and Health Monitoring and Vision) and major geographies with country level break-up.
Rheinmetall AG (Germany), General Dynamics (United States), Elbit Systems (Israel), Leonardo (Italy), Saab AB (Sweden), Rockwell Collins (United States), FLIR Systems (United States), Harris Corporation (United States) and Thales Group (France) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Soldier Systems market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Soldier Systems market by Type, Application and Region.
On the basis of geography, the market of Soldier Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Focus of Defense Forces on Enhancing Battlefield Capabilities of Soldiers
- Increasing Number of Soldier Modernization Programs
Market Trend
- Incorporation of Nanotechnology in Subsystems of Soldier Systems
Restraints
- Defense Budget Cuts in Developed Economies
Opportunities
- Development as well as Incorporation of Advanced Technologies to Overcome Deficiencies of the Existing Soldier Systems
- Increased Demand for Improved and Efficient Soldier Systems
Challenges
- Lack of Clarity and Technology Readiness
- Reducing Weight of Soldier Systems
Market Leaders and some development strategies
In February 2018, the General Dynamics Corporation (United States) company has acquired CSRA Inc. (United States) Company in a deal more than USD 9.7 billion. Hence, this acquisition has helped in the expansion of the company in the United States, and In April 2018, the Thales Group and MKU Ltd. (India) has entered into a partnership in order to develop and produce optronic devices and F90 close quarter battle (CQB) rifles. Therefore, it will help to enhance the growth of the revenue for the company in the future.
In March 2018, the Rockwell Collins (United States) Company has launched FasTAK Products, which is a new tactical combat targeting system and a secure communications gateway. In addition, it is available in both Microsoft Windows and Android Operating Systems. Hence, it will benefit an increased product portfolio of the company., and In May 2018, the FLIR Systems (United States) Company has launched two FLIR Ranger mid-range panel radars, which is compatible with airborne drone and ground target detection. Therefore, this launched will help in strengthening the position of the company in the United States.
Key Target Audience
Original Equipment Manufacturers (OEMs), Suppliers of Subsystems for Soldier Systems, Component Suppliers, Military Forces, Homeland Security Agencies and Upgradation Service Providers