Press release
Soldier Systems Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Demand, Forecast, Key Players
Soldier Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $15.02 billion In 2028 At A CAGR Of 5.5% :
The soldier systems market size has grown strongly in recent years. It will grow from $11.45 billion in 2023 to $12.13 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to military modernization, medical advancements, advancements in materials science, terrorism and asymmetric warfare, gulf wars and global conflicts.
The soldier systems market size is expected to see strong growth in the next few years. It will grow to $15.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing focus on urban warfare, rise in asymmetric warfare, demand for enhanced situational awareness, shift towards network-centric warfare, focus on non-lethal capabilities. Major trends in the forecast period include integration of advanced technologies, miniaturization of equipment, enhanced communication systems, focus on survivability, modular and customizable solutions.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=10614&type=smp
Soldier Systems Market Major Segments
The soldier systems market covered in this report is segmented -
1) By Type: Protection, Communication, Power And Data Transmission, Surveillance And Target Acquisition, Navigation, Other Systems
2) By Component: Hardware Devices, Software, Display Devices, Imaging Devices, Night Vision Devices, Tracking Devices, Wired And Wireless Communication Devices, Personal Protection Kits, Identification Friend or Foe (IFF), Other Components
3) By Technology: Artificial Intelligence, 3D Printing, Internet of Things, Wearable Devices, Other Technologies
4) By End User: Military, Homeland Security
Key Driver - Rising Terrorism Drives Surge In Demand For Soldier Systems Market
The increasing number of terrorist strikes is expected to propel the growth of the soldier system market in the coming future. Terrorist strikes are surprise assault that intentionally targets civilians with violence in the pursuit of political or religious objectives. Soldier systems assist crew life by integrating protective apparel, personal electronics, and survival equipment to improve aircrew lethality, mission effectiveness, and protection. The increasing number of terrorist strikes is expanding the soldier system market, thus increasing demand. For instance, in 2022, according to the Global Terrorism Index (GTI), published by The Institute for Economics and Peace (IEP), an Australia-based global think tank, terrorist attacks increased by 17% in 2021, with a total of 5,226 recorded attacks. Therefore, the increasing number of terrorist strikes is driving the soldier system market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=10614&type=smp
Prominent Trend - Innovative Wearable Technology And Augmented Reality Drive Advancements In Soldier Systems Market
The use of wearable technology and augmented reality is the key trend gaining popularity in the soldier systems market. Major companies operating in the soldier systems market are focused on developing innovative wearable technology and augmented reality technology to strengthen their position in the market. For instance, in July 2022, Elbit Systems Ltd., an Israel-based electronics company that operates in the defense and military sectors, launched a revolutionary helicopter vision suite for military pilots. The new suite combines an advanced sensor array, an AI-powered mission computer X-Sight HMD system, and a one-of-a-kind Helmet Mounted Display (HMD) system. The AI-powered mission computer combines sensor data, preloaded maps, and flight and mission information. It displays a live color image with an augmented reality overlay demonstrating obstacles, threats, the flight path, and extra flight and mission details on the visor of the X-Sight HMD.
Soldier Systems Market Players
Major companies operating in the soldier systems market report are Safran SA, Leonardo S.p.A., Rheinmetall AG, L3Harris Technologies Inc., Lockheed Martin Corporation, Saab AB, Aselsan Elektronik Sanayi ve Ticaret A.Ş., Elbit Systems Ltd., General Dynamics Corporation, Thales Group, Teledyne Technologies Inc., Inova Design Solutions LLC, The Boeing Company, Northrop Grumman Corporation, Avon Protection plc, Banc 3 Technologies, Inc., Inmarsat Global Limited, Metravib Defense SA, Teldat Group, S.A., Textron Systems Corporation, Raytheon Technologies Corporation, BAE Systems plc, Harris Corporation, Leidos Holdings Inc., KBR Inc., CACI International Inc., QinetiQ Group plc, Cobham plc, Ultra Electronics Holdings plc, Chemring Group plc, Hanwha Corporation, Bharat Electronics Limited, Israel Weapon Industries Ltd., ST Engineering, RUAG AG, Nexter Systems, Oshkosh Corporation, Navistar International Corporation, Kongsberg Gruppen ASA, FN Herstal S.A.
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/soldier-systems-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the soldier systems market in 2023. The regions covered in the soldier systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Soldier Systems Market Report Structure
3. Soldier Systems Market Trends And Strategies
4. Soldier Systems Market - Macro Economic Scenario
5. Soldier Systems Market Size And Growth
…..
27. Soldier Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soldier Systems Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Demand, Forecast, Key Players here
News-ID: 3530641 • Views: …
More Releases from The Business research company
In-Depth Analysis of the Dermatophytosis Treatment Market: Growth Opportunities, …
What market dynamics are playing a key role in accelerating the growth of the dermatophytosis treatment market?
The rising number of fungal infections globally is expected to contribute to the growth of the dermatophytosis treatment market. Fungal infections, exacerbated by climate change, urbanization, and increasing immunocompromised populations, are becoming more prevalent. Dermatophytosis treatment helps manage infections caused by fungi on the skin, hair, and nails. According to the WHO, over 6.5…
Leading Element Driving Change in the Dental Fluoride Treatment Market in 2025: …
How Are the key drivers contributing to the expansion of the dental fluoride treatment market?
The rise in dental disorders is expected to drive the growth of the dental fluoride treatment market. Dental disorders, affecting the teeth, gums, and mouth, are on the rise due to poor oral hygiene, high sugar intake, and limited access to dental care. Dental fluoride treatment plays a key role in maintaining oral health, preventing dental…
Online Grocery Shopping Fuels Growth In Deep Frozen Packaging Logistics Market: …
What combination of drivers is leading to accelerated growth in the deep frozen packaging logistics market?
The growth in online grocery shopping is expected to spur the deep-frozen packaging logistics market. Online grocery shopping, facilitated through websites and apps, is gaining popularity due to its convenience, broad product availability, and competitive pricing. Deep-frozen packaging logistics ensures frozen food items remain at proper temperatures during delivery, preventing spoilage and preserving quality. In…
Global Data Erasure Solutions Market to Reach $2.6 Billion by 2029, Growing at 1 …
What industry-specific factors are fueling the growth of the data erasure solutions market?
The growing concerns about data breaches are expected to drive the expansion of the data erasure solutions market. Data breaches involve unauthorized access to sensitive information, and concerns about data exposure are rising due to increased digital data, advanced cyber-attacks, and complex data security needs in remote and cloud environments. Data erasure solutions securely remove sensitive data from…
More Releases for Soldier
Soldier System Market's Oppportunities and Challenges
Major Trends in Soldier Systems
The soldier system market was valued at USD 9.08 billion in 2017 and is projected to reach USD 14.14 billion by 2023, at a CAGR of 7.65% during the forecast period from 2018 to 2023.
https://www.marketsandmarkets.com/Market-Reports/soldier-system-market-137230260%20.html
Development and incorporation of advanced technologies to overcome deficiencies of the existing soldier systems
Companies dealing in soldier systems market across the globe are continuously working for the development of a number of…
Future Soldier Technology 2020 speakers have been announced
SMi Reports: Speakers announced for the upcoming 6th Annual Future Soldier Technology conference in London.
SMi Group is delighted to announce the return of the successful Future Soldier Technology conference for its 6th year, taking place on 10th and 11th March 2020 in London. It will also be accompanied by a pre-conference Focus Day on Dismounted Soldier Situational Awareness on 9th March. The dismounted soldier is at the core of…
Two weeks until North America’s Leading Soldier Modernization Conference – F …
SMi reports: Two weeks to go until the Future Soldier Technology USA conference, taking place in Arlington, Virginia on June 24th-25th 2019
With the creation of US Army Futures Command and the key US Army modernization priority of increasing Soldier Lethality, the Future Soldier Technology conference in Arlington, Virginia, will bring together a community of senior military leaders, program managers, and researchers at the forefront of delivering enhanced soldier capabilities, from…
Registration Opens for North America’s Leading Soldier Modernization Conferenc …
SMi reports: Registration is now open for Future Soldier Technology USA conference, taking place in Arlington, Virginia on June 24th-25th 2019.
With the US Army and Marine Corps in the midst of an enormous modernization effort, SMi Group are delighted to present Future Soldier Technology USA, taking palce in Arlington, Virginia on June 24th-25th 2019 - the only conference dedicated to soldier and marine modernization in North America.
The highly anticipated conference…
Global Soldier Modernization Market 2018-2028
The demand for soldier modernization is anticipated to be driven by rapid technological advancements in the domain and the growing need for C4ISR, survivability, sustainability, mobility and lethality solutions among military forces globally. Rapidly evolving battlefield scenarios are currently stimulating growth in the global soldier modernization industry. Additionally, counter insurgency campaigns coupled with the need to improve soldier effectiveness are expected to propel the market forward.
Synopsis:
The Global Soldier Modernization Market…
The Global Soldier Modernization Market 2017-2027
The demand for soldier modernization is anticipated to be driven by rapid technological advancements in the domain and the growing need for C4ISR, survivability, sustainability, mobility and lethality solutions among military forces globally. Rapidly evolving battlefield scenarios are currently stimulating growth in the global soldier modernization industry. Additionally, counter insurgency campaigns coupled with the need to improve soldier effectiveness are expected to propel the market forward.
Scope
The…
