HOME › Press Releases › Soldier Systems Market worth 7.31 Billion USD by 2021
Soldier Systems Market worth 7.31 Billion USD by 2021
The report "Soldier System Market by Sub-System (Helmets, Vests, Devices, Exoskeleton, Advanced Personal Clothing), application (Military, Homeland), Material (Steel, Aramid, Composite Ceramic, UHMWPE, and Others) & Region - Global Forecast to 2021", The soldier systems market is projected to grow from USD 5.57 Billion in 2016 to USD 7.31 Billion by 2021, at a CAGR of 5.60% from 2016 to 2021. Factors, such as increasing incidences of armed conflicts, war, and terrorism are expected to drive the demand for soldier system, globally.
Browse 134 market data tables and 66 figures spread through 230 pages and in-depth TOC on “Soldier System Market - Global Forecast to 2021”
Early buyers will receive 10% customization on reports.
Helmet is expected to be the largest segment of the account of the soldier systems market, based on subsystem
On the basis of subsystem, helmet is expected to be the largest segment of the market in 2021. Helmets are widely used by military forces in new applications, such as night vision, target acquisition, tracking, and surveillance. Defense companies have developed advanced combat helmet, which enhances situational awareness of soldiers and improve their communication with commander and other group members.
Communication segment expected to witness highest growth during the forecast period
The soldier systems market has been segmented on the basis of subsystem into helmet, vest, devices, exoskeleton, and advances personal clothing. On the basis of devices, the communication segment is projected to witness highest growth during the forecast period, primarily driven by rising number of army modernization programs, increasing procurement of military equipment, and rise in defense budgets globally.
Europe and Asia-Pacific are expected to be the most lucrative markets for soldier system
The soldier systems market in Europe and Asia-Pacific is expected to witness significant growth in the coming years, owing to increasing research and development activities undertaken by research organizations of various countries in the region to develop soldier system for enhanced border security and tactical operations. There has been an increase in military expenditure and initiation of military modernization programs in major economies in the region, primarily owing to rising threat of cross-border terrorism.
Major players in the soldier systems market include Rheinmetall AG (Germany), Elbit Systems Ltd. (Israel), General Dynamics Corporation (U.S.), BAE Systems and Rockwell Collins, Inc. (U.S.).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India