Soldier System Market Is Expected To Grow At a CAGR Of 8.65% FROM 2018-2027.

According to Stratistics MRC, the Global Soldier System Market is accounted for $9.34 billion in 2018 and is expected to reach $19.70 billion by 2027 growing at a CAGR of 8.65% during the forecast period. The growing focus of defense forces on enhancing the battlefield capabilities of soldiers and rising incidences of asymmetric warfare is likely to boost the growth of the market. However, defense budget cuts in developed economies are likely to hamper the profit boundaries.

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A soldier system is an ensemble that integrates superior gear as a force multiplier. It is a type of system, which improves operational capabilities, equipping infantrymen with voice and data network communication equipment. This system includes equipment for dismounted soldiers for protection as well as efficiency during their operations. It consists of cordless communications, force protection items, heads-up display, and micro-climate cooling. These systems help in providing the vehicle crew members and platform commanders with high effectiveness for situational awareness, command & control, communication, and force protection.

The factor such as improvement and advancement of innovative technologies to overcome deficiencies of the existing systems would provide ample opportunities for the market growth:

Companies dealing with these systems across the world are continuously working for the improvement of a number of cutting-edge technologies in the field of communication and intelligence to enable troops to function quickly and smartly in war fields. The companies are carrying out R&D activities for the development of new and advanced technologies in order to address the identified gaps, thereby supporting the operational effectiveness of soldiers.

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The rising amount of soldier modernization programs being carried out by various countries across the globe is driving the market growth:

A traditional ground soldier system consists of uniforms, weapons, and helmets. However, the emergence of warfare and the constant innovations in weapons have led to the high demand for technologically advanced systems. A number of countries across the world are carrying out soldier modernization programs to incorporate new and innovative technologies in order to improve the interoperability of these systems. Innovations in the fields of networked soldier technologies and future soldier outfits have led to the development of advanced systems to enhance battlefield capability of soldiers.

By application, the combat support response segment is expected to grow at a significant market share during the forecast period as military systems such as autonomous weapons systems not only confer significant strategic and tactical advantages in the battleground but also are preferable on moral grounds to the use of human combatants. These systems also credited with expanding the battlefield, allowing combat to reach into areas that were previously inaccessible.

By geography, the North American region is anticipated to hold considerable market share during the forecast period. Focus by the U.S. Department of Defense (DOD) on upgrading tactical equipment, in recent years; has led to a significant surge in demand, in this region. Moreover, the current military operations and exercises in the Middle East countries will also result in the US focusing on developing modern soldier systems such as advanced combat gear, which will further deepen the scope of the market in the region. 

The Global Soldier System Market Leaders are Ultra Electronics Holdings PLC, Thales Group, Safran S.A, Saab AB, Rockwell Collins Inc, Rheinmetall AG, Northrop Grumman Corporation, Leonardo S.P.A, L-3 Warrior Sensor Systems, Harris Corporation, General Dynamics Corporation, Flir Systems Inc, Elbit Systems Ltd, BAE Systems PLC, and Aselsan A.S. 

General Dynamics: In April 2018, General Dynamics acquired IT services giant CSRA in a deal worth USD 9.7 billion. The combined CSRA and GDIT offer innovative, competitive and compelling solutions to the soldiers, and provides attractive free cash flow coupled with good incremental return on capital for investors. The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GDIT. The combination with General Dynamics represents an excellent outcome for CSRA’s stockholders, employees, and customers. It builds on strong shared values, culture and a passion for serving the customers’ missions.

Thales Group: In November 2018, Thales Group and MKU Ltd. entered into a partnership to develop and produce optronic devices and F90 close quarter battle (CQB) rifles. The alliance envisages manufacturing optronic equipment, including weapon sights, night vision goggles, hand-held thermal imagers, and thermal infrared sensor engine for these systems. The optronic devices will be co-developed by Thales and MKU and both the optronic devices and F90 rifles will be manufactured in India at MKU’s facilities in Kanpur, Uttar Pradesh. These products will be offered to the Indian army and homeland security forces under the ‘Make in India’ initiative of the Government.

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