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Soldier Systems Market worth $18.37 billion by 2030, growing at a CAGR of 5.71% - Exclusive Report by 360iResearch
Soldier Systems Market | 360iResearch
The Global Soldier Systems Market to grow from USD 12.45 billion in 2023 to USD 18.37 billion by 2030, at a CAGR of 5.71%.
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The soldier system significantly improves soldier tactical awareness, lethality, survivability, mobility, and sustainment. These products have been proven significant in combat operations and humanitarian/peacekeeping missions worldwide, allowing a seamless transition to vehicle-mounted close combat activities. Rising defense spending on advanced technology and increasing preference for simple-to-use machinery have raised the demand for soldier systems. However, the need for more strategic clarity and technological capabilities may hamper the adoption rate of soldier systems. Moreover, the considerable preference for conventional approaches in underdeveloped countries may hinder market development. Nevertheless, the ongoing advancements in existing soldier systems and the integration of nanotechnology may overcome the challenge and expand the market scope in the forecast period.
The soldier systems market is evolving across the Americas and EMEA region due to the rising need for advanced military systems and increasing government expenditure for strengthening the defense sector. In the financial year 2023, the Department of Defense (DOD) of the United States distributed USD 1.98 Trillion among its six sub-components. BAE Systems plc, Thales Group, and others have increased the availability and deployment of soldier systems in the EMEA region through continual product development. Due to escalating geopolitical tensions, the ongoing Russia-Ukraine war has expanded the use of many military equipment for communication, navigation, and surveillance. Furthermore, huge investments in border security and management by Asian nations such as China, India, Japan, South Korea, Singapore, and Australia have greatly raised the demand for soldier systems.
Market Segmentation & Coverage:
This research report categorizes the Soldier Systems Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, 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, and Vision Equipment & Heads-Up Display. The Exoskeleton is projected to witness significant market share during forecast period.
Based on Components, market is studied across Hardware and Software. The Hardware is further studied across Active sensors & Wearable Sensors and Transmitter & Receiver. The Software is projected to witness significant market share during forecast period.
Based on Operation, market is studied across Autonomous and Semi-autonomous. The Semi-autonomous is projected to witness significant market share during forecast period.
Based on Application, market is studied across Combat, Communication, Surveillance & Reconnaissance, and Training & Simulation. The Communication is projected to witness significant market share during forecast period.
Based on Region, 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. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Soldier Systems Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Soldier Systems Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Soldier Systems Market, highlighting leading vendors and their innovative profiles. These include 3M company, Acal BFi Italy SRL, AdaCore SAS, AEI Systems Ltd., AFV Sim Ltd., AGMA Power Systems Ltd., AirBorn International Ltd., AkzoNobel N.V., Aliter Technologies, AMDTEC Defence Solutions, Ametek. Inc., Armor Express, Inc., Aselsan S.A., Australian Defence Apparel Pty Ltd., Avon Protection, BAE Systems PLC, BlueHalo, Cobbs Industries B.V., Cobham PLC, Curtiss-Wright Corporation, Drägerwerk AG & Co. KGaA, DuPont de Nemours, Inc., Eagle Industries, Eaton Corporation PLC, Elbit Systems Inc., Fujitsu Limited, General Dynamics Corp., Gentex Corporation, Honeywell International Inc., Kontron AG, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corp., Mars Armor, Milpower Source, Inc., Mitsubishi Electric Corporation, MKU Ltd., MSA Safety Incorporated, Northrop Grumman Corp., Panasonic Corporation, Point Blank Enterprises Inc., Raytheon Technologies Inc., Respirex International, Rheinmetall AG, Rohde & Schwarz GmbH & Co KG, Rolta India Limited, Seyntex N.V., Teledyne FLIR LLC, Texas Instruments Incorporated, and Thales Group.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Soldier Systems Market, by Product
7. Soldier Systems Market, by Components
8. Soldier Systems Market, by Operation
9. Soldier Systems Market, by Application
10. Americas Soldier Systems Market
11. Asia-Pacific Soldier Systems Market
12. Europe, Middle East & Africa Soldier Systems Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Soldier Systems Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Soldier Systems Market?
3. What is the competitive strategic window for opportunities in the Soldier Systems Market?
4. What are the technology trends and regulatory frameworks in the Soldier Systems Market?
5. What is the market share of the leading vendors in the Soldier Systems Market?
6. What modes and strategic moves are considered suitable for entering the Soldier Systems Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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