The global soldier system market was worth USD 10.54 billion in 2022, according to a recent research by Expert Market Research titled “Global Soldier System Market Size, Share, Analysis, Report and Forecast 2023-2028.” The market is anticipated to continue expanding at a CAGR of 4.7% between 2023 and 2028 to reach a value of USD 13.88 billion by 2028, driven by the rising demand for cutting-edge military equipment and the expanding applications of soldier systems in various military activities.
Soldier systems, which include cutting-edge hardware, gadgets, and software, are frequently utilized to improve military personnel’s operational effectiveness and safety. These devices are essential for improving soldiers’ situational awareness, survival skills, and combat effectiveness in general. These systems can be used for a variety of military purposes, including as surveillance, target acquisition, and force protection, in addition to empowering individual soldiers. They also excel at communication, reconnaissance, and warfare.
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The expansion of the worldwide soldier system market is being driven by the rising global emphasis on upgrading military capabilities. There has been a considerable movement toward advanced soldier systems, which has resulted in a rise in demand for them. This is because there is a growing understanding of how important it is to provide troops with modern technology to enhance operating efficiency and protect them from hazards. The rise in popularity of soldier systems has also been aided by escalating geopolitical tensions and rising military modernization program investments.
The market growth for soldier systems is also significantly fueled by the rising uses of soldier systems in different military missions. Soldier systems with thermal imagers, night vision equipment, and laser target designators are employed in surveillance and reconnaissance operations to gather crucial intelligence about the activities of the enemy. The communication technologies enable seamless information sharing between troops, enhancing combat coordination and decision-making. Advanced soldier systems, such as exoskeletons, smart clothing, and personal armor, improve a soldier’s protection and combat effectiveness.
Additionally, as a result of ongoing developments in military technology, such as the incorporation of artificial intelligence (AI) and the Internet of Things (IoT) into soldier systems, more advanced, accurate, and dependable systems have been created, supporting the growth of the soldier system market. For instance, AI-powered army systems may sift through a tremendous quantity of data to offer insights that can be put to use, enhancing situational awareness and decision-making. The real-time monitoring of soldier health and equipment condition made possible by IoT connectivity increases operational safety and efficacy.
Additionally, the market for soldier systems is anticipated to benefit from lucrative growth possibilities due to the rising demand for soldier systems in emerging nations, which is being driven by rising defense expenditures and modernization initiatives.
Soldier System Market Segmentation
The market can be divided based on type, end user, and region.
Market Breakup by Type
- Personal Protection
- Respiratory Protective Equipment (RPE)
- Surveillance and Target Acquisition
- Navigation and Health Monitoring
- Power and Data Transmission
- Training and Simulation
Market Breakup by End User
- Homeland Security
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR research examines the market shares, plant turnarounds, capacities, investments, acquisitions, and mergers of the international military system firms, among other significant developments. Following are a few of the significant key players covered in the study by Expert Market Research
- Adani Green Energy Limited
- Acciona SA
- Canadian Solar Inc.
- JA Solar Technology Co., Ltd.
- Sunrun Inc.
- SunPower Corporation
- Kaneka Corporation
- Tata Power Solar Systems Ltd.
- Suntech Power Holdings Co., Ltd.
- JinkoSolar Holding Co., Ltd
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