Soldier System Market Size Forecasted to Reach Valuation of USD 15.19 Billion By 2027

According to the current analysis by Emergen Research, the Global Soldier System Market is expected to exceed USD 15.19 Billion in terms of revenue, from USD 10.36 Billion in 2019, delivering a CAGR of 4.8% through 2027. The market growth is driven by the increasing emphasis on upgrading battlefield technology and huge investment directed towards defense & foreign intelligence by several countries across the globe. Rising threats and tensions in asymmetric welfare, increasing take up of battlefield intelligence, surging demand for cyber security in military & defense intelligence involving confidential governing bodies, and high investments directed towards defense bodies & foreign intelligence platforms are other key factors supplementing soldier system market revenue share through 2027.

Emphasis on instant command making decisions in the battlefield or frontier with the acquired reported information reported, gathering a COP (common operating picture) of the military operations, and exchanging or transferring them to the desired places with a superior level of encryption is fuelling the adoption of soldier systems. Decision advantages, higher capabilities of information dominance, and battlefield awareness offered by the systems are projected to boost soldier system expansion during the forecast period.

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Further key findings from the report suggest

• Based on technology, the Artificial Intelligence sub-segment is forecast to exhibit a notable growth rate of 6.3% over the projected timeline on account of extensive incorporation of intelligence protocols, in surveillance, next-gen communication, information fusion & data analytics, reconnaissance, cyber control systems, and electronic welfare & spectrum dominance, among others.
• In the regional landscape, Asia Pacific, led by Japan, China, India, and North and South Korea, will be a major regional ground for the soldier system market over the analysis period on account considerable budget allotment for their defense grooming purposes. Rise in incidences of asymmetric welfare, interpersonal stand-offs, and increasing economic development are the key factors stimulating regional industry growth through 2027.
• Prominent players in the global soldier system market are BAE Systems, The Boeing Company, Lockheed Martin, Elbit Systems, Rockwell Collins, Northrop Grumman, Leonardo S.p.A., Thales Group, General Dynamics, and Raytheon Company, among others.
• BAE Systems, a K.-based arms, security, and aerospace company announced acquisition of business of Airborne Tactical Radios of Raytheon Technologies Corp. in May 2020. This acquisition is expected to enable BAE systems to offer advanced electronic mission and control solutions to the customers.

For the purpose of this report, Emergen Research has segmented the Global Soldier System Market on the basis of application, platform, component, technology, and region:

• Application Outlook (Revenue: USD Billion; 2017-2027)
  • Personal Protection
  • Navigation & Imaging System
  • Communication & Networking System
  • Surveillance & Reconnaissance
  • Intelligence & Data Warfare
  • Combat Simulation, Training & Health Monitoring
  • Others
• Platform Outlook (Revenue: USD Billion; 2017-2027)
  • Land
  • Airborne
  • Naval
  • Joint
  • Space
• Component Outlook (Revenue: USD Billion; 2017-2027)
  • Hardware Devices
  • Software
  • Display Devices
  • Imaging Devices
  • Night Vision Devices
  • Tracking Devices
  • Wired Communication Devices
  • Wireless Communication Devices
  • Identification Friend or Foe (IFF)
  • Others
• Technology Outlook (Revenue: USD Billion; 2017-2027)
  • Artificial Intelligence
  • 3D Printing
  • Internet of Things
  • Wearable Devices
  • Others
• Regional Outlook (Revenue: USD Billion; 2017-2027)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Russia
    2. U.K.
    3. Germany
    4. France
    5. BENELUX
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. North Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. U.A.E.
    3. Israel
    4. Rest of MEA

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/soldier-system-market