Press release
Soldier Systems Market Share, Size, Sales, Analysis By Top key Players Aselsan AS, BAE Systems, Elbit Systems, General Dynamics Corporation, Harris Corporation
The global soldier systems market is estimated to register a CAGR of more than 7% during the forecast period of 2018 to 2023.
Key Players:
The key players in the global soldier systems market are Aselsan AS (Turkey), BAE Systems plc (UK), Elbit Systems Ltd. (Israel), General Dynamics Corporation (US), Harris Corporation (US), Leonardo S.p.A (Italy), Rheinmetall AG (Germany), Saab AB (Sweden), Thales SA (France), and United Technologies Corporation (US).
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Market Scenario:
Soldier systems are equipment which enhances the operational capabilities of soldiers during combat. These systems are widely being procured by various defense organizations around the world. The systems cover everything from small wearables such as scopes to large portable devices such as Radars and Jammers. Soldier systems finds huge application in the defense sector as well as in the law enforcement agencies. However, the system components vary form one end-user to another.
Factors such as focus on enhancing situational awareness of soldiers in the battlefield and rising incidences of asymmetric warfare are positively impacting the soldier systems market growth. In addition, the rise in defense expenditure, especially in emerging economies and subsequent investments in procuring such systems further boosts the market growth. However, factors such as delays in procurement processes hinders the market growth to a certain extent while the reducing weight of the soldier systems is a key challenge faced by the market players.
Meanwhile, rising terrorist attacks and focus on counter operations, and soldier modernization programs being initiated by many countries throughout the world, create promising growth opportunities for the soldier systems market. Companies are also keen on developing an integrated solution covering multiple systems.
The global soldier systems market has been segmented by type, application, and region. Based on type, the soldier systems market is divided into protection systems, communication systems, power & data transmission systems, surveillance & target acquisition systems, navigation & health monitoring systems, vision systems, and other systems. In 2017, the communication systems segment accounted for the largest market share as effective communication is a key factor determining success of military missions. Based on end-user, the soldier systems market is divided into national defense and public security.
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Intended Audience:
• Soldier System Manufactures
• Tactical Communication Solution Providers
• Law Enforcement Agencies
• Component Suppliers
• Defense Electronics Suppliers
• Defense Organizations
• Research Institutes
• Regulatory Bodies
The global soldier systems market is estimated to register a CAGR of more than 7% during the forecast period of 2018 to 2023.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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