NEW YORK, May 5, 2023 /PRNewswire/ — The global soldier systems market size is estimated to increase by USD 4,787.72 million from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 5.49% during the forecast period. Rising demand for smart wearables is the major factor driving the growth of the global soldier systems market. Smart wearables are electronic devices worn on the body to offer functionality beyond traditional clothing and accessories. These wearables are designed to enhance a soldier’s field capabilities. Soldiers may benefit from real-time communications, navigation, situational awareness, and health monitoring via smart wearables, which can raise the percentage of missions that are successful, lower the danger of accidents or fatalities, and increase the overall effectiveness of soldiers in the field. Resultantly, military organizations all over the world have an increasing need for smart wearables. This factor is expected to drive the growth of the market during the forecast period. Discover all the major insights on market size for the historic period (2017 to 2021) and Forecast period (2023-2027) before buying the full report –Request a sample report
Technavio has announced its latest market research report titled Global Soldier Systems Market 2023-2027
Soldier systems market – Vendor Analysis
Vendor Landscape – The global soldier systems market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer soldier systems in the market are ASELSAN AS, BAE Systems Plc, Baylin Technologies Inc., BERETTA HOLDING SA, Elbit Systems Ltd., General Dynamics Corp., L3Harris Technologies Inc., Leonardo Spa, Mayflower Communications Co. Inc., Northrop Grumman Systems Corp., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Shoghi Communications Ltd., Singapore Technologies Engineering Ltd., Stumpp Schuele and Somappa Springs Pvt. Ltd., Teledyne Technologies Inc., Thales, Trijicon Inc., and Cisco Systems Inc. and others.
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Vendor Offerings –
ASELSAN AS – The company offers soldier systems such as Thermal imagers, SkeetIR thermal vision, and Laser Rangefinders.
BAE Systems Plc – The company offers soldier systems such as Thermal imagers, SkeetIR thermal vision, and Laser Rangefinders.
Baylin Technologies Inc. – The company offers soldier systems such as RF Converters, Amplifiers & BUCs, and Satellite Antennas.
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Soldier Systems Market – Segmentation Assessment
Segment Overview
This report extensively covers market segmentation by application (military and homeland security), type (personal protection, communication, power and data transmission, surveillance and target acquisition, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
The market share growth by the military segment will be significant for the market’s growth during the forecast period. The segment holds a major share of the global soldier systems market. Soldier systems such as head-mounted displays (HMDs) are either deployed by the aerial, land, or seaborne workforce, where HMDs are typically used for mission-critical situational awareness among the workforce. Furthermore, the military segment will experience steady growth during the forecast period. Additionally, increasing the military budget coupled with product releases by vendors will drive the growth of the market segment during the forecast period.
Geography Overview
By geography, the global soldier systems market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global soldier systems market.
North America is estimated to account for 33% of the market growth during the forecast period. The adoption of smart wearables for military operations will increase in the region. Heavy investment in the automation of operations through the integration of digitized processes is expected to have a positive impact on the demand for soldier systems from the region during the forecast period. Additionally, the increasing military spending and the introduction of wearable devices such as head-mounted displays will contribute to the growth of the North American soldier systems market. Such factors are expected to drive the regional growth during the forecast period.
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opportunities from 2017 to 2027 – Download a Sample Report
Soldier Systems Market – Market Dynamics
Key Trends –
The adoption of active camouflage is an emerging trend in the global soldier systems market growth.
Active camouflage is a type of technology, which allows soldiers to blend in with their surroundings using materials that can change appearance and color in real-time. It is trending in the global soldier systems market owing to its potential benefits in improved camouflage, reduced detection, and increased survivability in combat situations.
Technological developments including creating more effective and lighter materials, better power supplies, and improved sensor capabilities are expected to raise the use of active camouflage in the global soldier systems market.
Active camouflage may also lighten conventional camouflage gear, improve soldier agility, and increase mobility, which are all factors that drive the demand for the market during the forecast period.
Major challenges –
The growing connectivity of soldier systems is a major challenge hindering the growth of the global soldier systems market.
The incorporation of cutting-edge technologies and connectivity features can improve soldier systems’ capabilities, it also exposes them to cyberattacks and potential security breaches.
Sensitive data, including personal information, mission-critical data, and classified information, are frequently found in soldier systems and the safety of soldiers and the progress of military operations may be in a precarious position if this data ends up in the hands of malicious users.
Hence, such challenges impede the market growth during the forecast period.
Driver, Trend & Challenges play a key role in the sustainability of the businesses, find the
other key insights from a sample report!
What are the key data covered in this Soldier Systems Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the soldier systems market between 2023 and 2027
Precise estimation of the size of the soldier systems market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the soldier systems market across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of the soldier systems market vendors
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Soldier Systems Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.49% |
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Market growth 2023-2027 |
USD 4,787.72 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
4.29 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 33% |
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Key countries |
US, Canada, China, Russia, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ASELSAN AS, BAE Systems Plc, Baylin Technologies Inc., BERETTA HOLDING SA, Elbit Systems Ltd., General Dynamics Corp., L3Harris Technologies Inc., Leonardo Spa, Mayflower Communications Co. Inc., Northrop Grumman Systems Corp., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Shoghi Communications Ltd., Singapore Technologies Engineering Ltd., Stumpp Schuele and Somappa Springs Pvt. Ltd., Teledyne Technologies Inc., Thales, Trijicon Inc., and Cisco Systems Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio’s Industrials Market Reports
Table of Contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global soldier systems market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global soldier systems market 2017 – 2021 ($ million)
4.2 Application Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)
4.3 Type Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application – Market share 2022-2027 (%)
Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Military – Market size and forecast 2022-2027
Exhibit 34: Chart on Military – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Military – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Military – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Military – Year-over-year growth 2022-2027 (%)
6.4 Homeland security – Market size and forecast 2022-2027
Exhibit 38: Chart on Homeland security – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Homeland security – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Homeland security – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Homeland security – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)
Exhibit 43: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 44: Chart on Type – Market share 2022-2027 (%)
Exhibit 45: Data Table on Type – Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Personal protection – Market size and forecast 2022-2027
Exhibit 48: Chart on Personal protection – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Personal protection – Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Personal protection – Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Personal protection – Year-over-year growth 2022-2027 (%)
7.4 Communication – Market size and forecast 2022-2027
Exhibit 52: Chart on Communication – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Communication – Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Communication – Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Communication – Year-over-year growth 2022-2027 (%)
7.5 Power and data transmission – Market size and forecast 2022-2027
Exhibit 56: Chart on Power and data transmission – Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Power and data transmission – Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Power and data transmission – Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Power and data transmission – Year-over-year growth 2022-2027 (%)
7.6 Surveillance and target acquisition – Market size and forecast 2022-2027
Exhibit 60: Chart on Surveillance and target acquisition – Market size and forecast 2022-2027 ($ million)
Exhibit 61: Data Table on Surveillance and target acquisition – Market size and forecast 2022-2027 ($ million)
Exhibit 62: Chart on Surveillance and target acquisition – Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Surveillance and target acquisition – Year-over-year growth 2022-2027 (%)
7.7 Others – Market size and forecast 2022-2027
Exhibit 64: Chart on Others – Market size and forecast 2022-2027 ($ million)
Exhibit 65: Data Table on Others – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Chart on Others – Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on Others – Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by Type
Exhibit 68: Market opportunity by Type ($ million)
Exhibit 69: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 71: Chart on Market share by geography 2022-2027 (%)
Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 North America – Market size and forecast 2022-2027
Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 APAC – Market size and forecast 2022-2027
Exhibit 83: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.7 South America – Market size and forecast 2022-2027
Exhibit 91: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 95: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 Russia – Market size and forecast 2022-2027
Exhibit 99: Chart on Russia – Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Russia – Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Russia – Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Russia – Year-over-year growth 2022-2027 (%)
9.10 China – Market size and forecast 2022-2027
Exhibit 103: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on China – Year-over-year growth 2022-2027 (%)
9.11 Germany – Market size and forecast 2022-2027
Exhibit 107: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 108: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 109: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.12 Canada – Market size and forecast 2022-2027
Exhibit 111: Chart on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 112: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 113: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 114: Data Table on Canada – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 115: Market opportunity by geography ($ million)
Exhibit 116: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 ASELSAN AS
Exhibit 123: ASELSAN AS – Overview
Exhibit 124: ASELSAN AS – Product / Service
Exhibit 125: ASELSAN AS – Key offerings
12.4 BAE Systems Plc
Exhibit 126: BAE Systems Plc – Overview
Exhibit 127: BAE Systems Plc – Business segments
Exhibit 128: BAE Systems Plc – Key offerings
Exhibit 129: BAE Systems Plc – Segment focus
12.5 Baylin Technologies Inc.
Exhibit 130: Baylin Technologies Inc. – Overview
Exhibit 131: Baylin Technologies Inc. – Product / Service
Exhibit 132: Baylin Technologies Inc. – Key offerings
12.6 Elbit Systems Ltd.
Exhibit 133: Elbit Systems Ltd. – Overview
Exhibit 134: Elbit Systems Ltd. – Product / Service
Exhibit 135: Elbit Systems Ltd. – Key offerings
12.7 General Dynamics Corp.
Exhibit 136: General Dynamics Corp. – Overview
Exhibit 137: General Dynamics Corp. – Business segments
Exhibit 138: General Dynamics Corp. – Key news
Exhibit 139: General Dynamics Corp. – Key offerings
Exhibit 140: General Dynamics Corp. – Segment focus
12.8 L3Harris Technologies Inc.
Exhibit 141: L3Harris Technologies Inc. – Overview
Exhibit 142: L3Harris Technologies Inc. – Business segments
Exhibit 143: L3Harris Technologies Inc. – Key news
Exhibit 144: L3Harris Technologies Inc. – Key offerings
Exhibit 145: L3Harris Technologies Inc. – Segment focus
12.9 Leonardo Spa
Exhibit 146: Leonardo Spa – Overview
Exhibit 147: Leonardo Spa – Business segments
Exhibit 148: Leonardo Spa – Key news
Exhibit 149: Leonardo Spa – Key offerings
Exhibit 150: Leonardo Spa – Segment focus
12.10 Northrop Grumman Systems Corp.
Exhibit 151: Northrop Grumman Systems Corp. – Overview
Exhibit 152: Northrop Grumman Systems Corp. – Business segments
Exhibit 153: Northrop Grumman Systems Corp. – Key news
Exhibit 154: Northrop Grumman Systems Corp. – Key offerings
Exhibit 155: Northrop Grumman Systems Corp. – Segment focus
12.11 Raytheon Technologies Corp.
Exhibit 156: Raytheon Technologies Corp. – Overview
Exhibit 157: Raytheon Technologies Corp. – Business segments
Exhibit 158: Raytheon Technologies Corp. – Key news
Exhibit 159: Raytheon Technologies Corp. – Key offerings
Exhibit 160: Raytheon Technologies Corp. – Segment focus
12.12 Rheinmetall AG
Exhibit 161: Rheinmetall AG – Overview
Exhibit 162: Rheinmetall AG – Business segments
Exhibit 163: Rheinmetall AG – Key news
Exhibit 164: Rheinmetall AG – Key offerings
Exhibit 165: Rheinmetall AG – Segment focus
12.13 Saab AB
Exhibit 166: Saab AB – Overview
Exhibit 167: Saab AB – Business segments
Exhibit 168: Saab AB – Key news
Exhibit 169: Saab AB – Key offerings
Exhibit 170: Saab AB – Segment focus
12.14 Singapore Technologies Engineering Ltd.
Exhibit 171: Singapore Technologies Engineering Ltd. – Overview
Exhibit 172: Singapore Technologies Engineering Ltd. – Business segments
Exhibit 173: Singapore Technologies Engineering Ltd. – Key offerings
Exhibit 174: Singapore Technologies Engineering Ltd. – Segment focus
12.15 Teledyne Technologies Inc.
Exhibit 175: Teledyne Technologies Inc. – Overview
Exhibit 176: Teledyne Technologies Inc. – Business segments
Exhibit 177: Teledyne Technologies Inc. – Key news
Exhibit 178: Teledyne Technologies Inc. – Key offerings
Exhibit 179: Teledyne Technologies Inc. – Segment focus
12.16 Thales
Exhibit 180: Thales – Overview
Exhibit 181: Thales – Business segments
Exhibit 182: Thales – Key news
Exhibit 183: Thales – Key offerings
Exhibit 184: Thales – Segment focus
12.17 Trijicon Inc.
Exhibit 185: Trijicon Inc. – Overview
Exhibit 186: Trijicon Inc. – Product / Service
Exhibit 187: Trijicon Inc. – Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 188: Inclusions checklist
Exhibit 189: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 190: Currency conversion rates for US$
13.4 Research methodology
Exhibit 191: Research methodology
Exhibit 192: Validation techniques employed for market sizing
Exhibit 193: Information sources
13.5 List of abbreviations
Exhibit 194: List of abbreviations
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