Press release
The Global Soldier Modernization Market Will Reach At 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.
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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.
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.
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Reasons to buy
Determine prospective investment areas based on a detailed trend analysis of the global soldier modernization market over the next ten years
Gain in-depth understanding about the underlying factors driving demand for different soldier modernization segments in the top spending countries across the world and identify the opportunities offered by each of them
Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
Identify the major channels that are driving the global soldier modernization market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global soldier modernization market
Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top soldier modernization solution providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available"
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Table of Contents
Executive Summary Global Soldier Modernization Market - Overview Market Dynamics
Demand Drivers: Analysis of factors that trigger spending within the sector
Trends: Prevalent practices, industry consolidation and procurement patterns within the market
Technological Developments : New products, processes and innovations recently inducted within the sector
Key Challenges: Obstacles affecting sector growth Soldier Modernization Market - Segment Analysis
Segment Analysis: C4ISR
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: Lethality
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: Survivability
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: Sustainability
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: Mobility
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