HOME Research Insight Long-term Contracts and Agreements, Acquisition, and Joint Ventures are Among the key Strategies Adopted by Leading Players to Grow in the Soldier Systems Market

Long-term Contracts and Agreements, Acquisition, and Joint Ventures are Among the key Strategies Adopted by Leading Players to Grow in the Soldier Systems Market

The soldier systems market was dominated by Rheinmetall AG (Germany), Elbit Systems Ltd. (Israel), General Dynamics Corporation (U.S.), Thales Group (France), Rockwell Collins, Inc. (U.S.), and FLIR Systems, Inc. (U.S.), among others. These companies are expected to continue their dominance till 2021.

Rheinmetall AG operates under two segments: automotive and defense. Through the defense segment the company provides electronic solutions such as soldier systems, command, control and reconnaissance systems, land & flight simulation, maritime and process simulation. The company’s core competencies include network-enabled optronics and sensors, platform-independent weapon systems, capabilities-oriented innovation, new generations of vehicles with improved protection concepts, C-RAM-capable air defence and high-performance ammunition, including non-lethal variants. Some of its key subsidiaries of Rheinmetall AG (Germany) are Rheinmetall Berlin Verwaltungsgesellschaft GmbH, American Rheinmetall Defense, Inc., Rheinmetall Canada Inc., and Rheinmetall Defence Australia Pty Ltd. The company has presence in Europe, the Middle East and Africa, Asia-Pacific, North America, and South America.

Long-term contracts is the major strategy adopted by Lockheed Martin (U.S.) to strengthen its position in the soldier systems market. In 2015, its subsidiary Rheinmetall Canada Inc., won two contracts to supply an Integrated Soldier System (ISS) and Medium-range Radar (MRR) system to the Canadian Armed Forces (CAF). Both the contracts are set to run for several years currently worth a total of around USD 107.4 million. Rheinmetall Canada Inc. is expected to supply the ISS in collaboration with Saab AB (Sweden).

Elbit Systems Ltd. operates under five segments, namely, airborne systems, C4ISR systems, electro-optic systems, land systems, and non-defense engineering and production services. Through the electro-optics segment, the company designs, develops, and manufactures electro-optic based solutions for land, air, sea applications. Elbit Systems Ltd. is one among the few companies in the world that has in-house engineering facilities and capabilities in in all major areas of electro-optics. Some of its key subsidiaries include Elbit Systems of America, LLC (U.S.), Elbit Systems Electro-Optics Elop Ltd            . (Israel), Elbit Systems Land and C4I Ltd. (Israel), Elbit Systems EW and SIGINT – Elisra Ltd. (Israel) and CYBERBIT Ltd. Elbit Systems Ltd. (Israel) The company has its presence across North America, Israel, Europe, Asia-Pacific, and Latin America.

Elbit Systems Land and C4I Ltd., won a USD 150 million contract from the Dutch Ministry of Defense, to provide advanced systems for the infantry soldiers in the Netherlands, Belgium, and Luxemburg.

Companies such as General Dynamics Corporation (U.S.) and Thales Group (France) are also some of the key companies operational in the soldier systems market. These companies, along with Rockwell Collins, Inc. (US) and Flir Systems, Inc. (US) are expected to witness significant growth in the coming years, primarily owing to long-term contracts, new product launches, and acquisition strategies adopted by them in recent years.

Related Reports:

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

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