The Global Soldier Modernization Market technological advancements to reach US$13.3 billion by 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 global soldier modernization market, valued at US$9.0 billion in 2017, is projected to grow at a CAGR of 4.00% over the forecast period, to reach US$13.3 billion by 2027 and cumulatively value US$118.0 billion.
The market consists of five categories: C4ISR, survivability, sustainability, mobility and lethality.
The market is expected to be dominated by C4ISR segment, which will account for 38% of the market, followed by Lethality and Survivability with shares of 28% and 26% respectively.

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North America is forecasted to dominate the sector with a share of 38%, followed by Asia Pacific and Europe, with shares of 28% and 23% respectively.
Reasons to buy

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