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Soldier Systems Market Analysis: $15.28 Billion by 2029 With a CAGR of 5.2%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.Soldier Systems Market Value Projection: How Much Will the Market Size by 2025?
The steady expansion of the soldier systems market size in recent years is quite noticeable. The present market value of $11.88 billion in 2024 is projected to increase to $12.46 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.9%. Factors contributing to this growth during the historic period include military modernization, progressions in medical and material sciences, the prevalence of terrorism and asymmetric warfare, as well as the impact of gulf wars and global conflicts.
What Will Be the Market Growth Forecat for Soldier Systems in 2029?
The market size for soldier systems is anticipated to witness substantial expansion in the upcoming years, escalating to $15.28 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 5.2%. This projected growth throughout the specified period can be credited to heightened emphasis on urban warfare, increase in asymmetric warfare, the need for improved situational awareness, the transition towards network-centric warfare, and focus on non-lethal capabilities. During the forecast period, major trends such as the inclusion of innovative technologies, equipment miniaturization, bettered communication systems, emphasis on survival and modular, as well as customizable solutions, are expected to gain prominence.
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What Are the Core Competitive Drivers in the Soldier Systems Industry?
The soldier system market is expected to experience a surge due to a rise in terrorist attacks. Defined as unexpected violent attacks aimed at civilians for political or religious ends, terrorist strikes are significantly shaping the soldier system market. Soldier systems, which are a fusion of protective clothing, personal electronic devices, and survival gear, greatly optimize acrew lethality, the effectiveness of missions, and defense. Such systems are witnessing an increased demand due to the growth of terrorist activities. For example, according to a 2024 report by the Australia-based global think tank, The Institute for Economics and Peace, there was a marked increase in the fatalities of terrorist attacks in 2023, with the average death per attack rising from 1.6 in 2022 to 2.5. Hence, the escalation in the instances of terrorist strikes is a key reason for the burgeoning soldier system market.
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Which Soldier Systems Market Segment Is Projected to See the Fastest Growth?
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
Subsegments:
1) By Protection: Personal Armor, Helmet Systems, Ballistic Shields, Load-Bearing Equipment
2) By Communication: Tactical Communication Systems, Integrated Communication Systems, Radio Systems, Intercom Systems
3) By Power and Data Transmission: Power Management Systems, Battery Systems, Energy Harvesting Systems, Data Transfer Systems
4) By Surveillance And Target Acquisition: Night Vision Systems, Thermal Imaging Systems, Targeting Systems, Unmanned Aerial Systems (UAS)
5) By Navigation: Global Positioning Systems (GPS), Inertial Navigation Systems, Land Navigation Systems, Geolocation Systems
6) By Other Systems: Soldier Monitoring Systems, Medical Systems, Training Systems, Maintenance Systems
Which Trends Are Opening New Opportunities in the Soldier Systems Market?
A significant trend gaining traction in the soldier systems market is the integration of wearable technology and augmented reality. To secure their marketplace standing, major players in the market are focusing on developing innovative wearable and augmented reality technologies. As an example, in July 2022, Elbit Systems Ltd, a defense and military-oriented electronics firm based in Israel, introduced a groundbreaking vision suite for military helicopter pilots. This suite merges a sophisticated sensor array with an AI-driven mission computer X-Sight HMD system, and a unique Helmet Mounted Display (HMD) system. The AI-enabled mission computer consolidates sensor data, uploaded maps, and flight and mission intelligence. It shows a real-time color image with an augmented reality overlay that illustrates obstacles, threats, the flight route, and additional flight and mission specifics on the X-Sight HMD's visor.
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Who Are the Leaders in the Soldier Systems Market?
Major companies operating in the soldier systems market include Safran SA, Leonardo S.p.A., Rheinmetall AG, L3Harris Technologies Inc., Lockheed Martin Corporation, Saab AB, Aselsan Elektronik Sanayi ve Ticaret A.S., 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.
Which Regional Soldier Systems Markets Offer the Greatest Growth Potential?
North America was the largest region in the soldier systems market in 2024. The regions covered in the soldier systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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