The soldier system market is projected to grow from USD 10.4 Billion in 2022 to USD 12.8 Billion by 2027, at a CAGR of 4.4% during the forecast period. This market is expanding globally based on the defense forces of various countries that focus on improving soldier capabilities to prevent casualties, rising requirements for military modernization programs, and increasing asymmetric warfare situations.
Soldier systems comprise vision, surveillance & target acquisition, communication & computing system, gear, smart textiles, connectivity, navigation & health monitoring, power & energy management, training & simulation, respiratory protective gear, and exoskeleton. Military modernization programs have raised the demand for soldier systems due to their reliability and durability. By providing soldiers with cutting-edge systems such as high-tech head-mounted displays, body diagnostics sensors, advanced personal clothing, improved navigation & communication devices, and other types of soldier systems, the armed forces worldwide aim to increase the level of protection for their soldiers. By strengthening their navigational, communication, positioning, and survival capacities, soldier system modernization helps soldiers do their tasks efficiently.
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Key players offering Soldier System for the defense sector are BAE Systems plc (UK), Elbit Systems (Israel), Aselsan A.S. (Turkey), Saab AB (Sweden), Rheinmetall AG (Germany), General Dynamics (US), and Thales Group (France) are key players in this market, among others. Contracts, partnerships, agreements, new product & service launches, mergers, and acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in Soldier System market.
Elbit Systems Ltd.
Elbit Systems Ltd. was founded in 1966 and is headquartered in Haifa (Israel). It designs and manufactures various Airborne, Naval, and Ground Systems & Equipment for Commercial Aviation, Defense, and Homeland Security. Elbit Systems Ltd. operates through airborne systems, C4ISR systems, electro-optic systems, land systems, and others (nondefense services). The company designs, develops, and manufactures electro-optic-based solutions for land, air, and sea applications through its Electro-optics segment. Elbit Systems is the leading manufacturer of electro-optics systems (tactical solutions) and provides a wide range of products in the soldier system market.
Rheinmetall AG is one of the leading companies that develops, delivers, and supports defense equipment for the government, military, and security forces. Rheinmetall AG was incorporated in 1889 and is headquartered in Dusseldorf (Germany). The company offers various products through vehicle systems, weapons & ammunition, and electronics solutions. It allocates an average of 5.1% of its annual return to its R&D center. Rheinmetall AG is the major supplier of soldier systems to Germany.
Saab AB is one of the leading global defense contractors worldwide. It was founded in 1937 and is headquartered in Stockholm (Sweden). Saab is one of the leading high-technology companies, with its main operations in defense, aviation, and civil security. Operations primarily focus on well-defined areas in defense electronics, advanced weapons systems, command & control systems, and military & commercial aviation. Saab offers C4I solutions, electronic warfare solutions, weapon systems, sensor systems, situational awareness systems, and combat management systems.
Thales Group is another major player in the soldier system market. It has a strong product portfolio to cater to the needs of the defense sector. The company focuses on R&D to develop new products to have a competitive advantage over its competitors. It also secures contracts to enhance its customer base and global market share. The company operates through the Aerospace, Transport, Defense & Security, and Digital Identity & Security segments. The aerospace segment develops onboard systems, solutions, and services for commercial airlines and air defense customers.
BAE Systems plc
BAE Systems plc was incorporated in 1999 and is headquartered in London, UK. BAE System plc is one of the leading manufacturers of soldier system equipment such as head-up displays, AR glasses, thermal cameras, and range finders. It operates through the Air, Electronics System, Platform & Services, Maritime, and Cyber & Intelligence segments. BAE Systems plc is the successor to numerous aircraft, shipbuilding, armored vehicles, armaments, and defense electronics com
Soldier Systems Market by Type (Personal Protection, Respiratory Protective Equipment, Communication, Power & Data Transmission), End-User (Military, And Homeland Security) and Region (North America, APAC, Europe, MEA, RoW) - Global Forecast to 2027
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