Trends, Drivers and Vendor Forecasts for 2022-2026
Soldier systems market is set to post an incremental growth of $ 4.04 billion during 2022-2026. The market will progress at a CAGR of 4.93% during the forecast period. Our analysts provide a detailed understanding of the key players as well as their product portfolios and upcoming pipelines. These insights will enable our clients to gauge potential growth opportunities and thus design their business strategy. Some of the major market participants are ASELSAN AS, Collins Aerospace, Elbit Systems Ltd., L3Harris Technologies Inc., Leonardo Spa, Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Teledyne FLIR LLC, and Thales Group.
Soldier Systems Market: Market Segments and Key Trends
The soldier systems market is segmented by Application (Military and Homeland security) and Geography (North America, Europe, APAC, MEA, and South America). North America led the market with 33% of the market growth set to originate from this region during the forecast period. The US and Canada are the key markets for soldier systems in North America. The significant rise in military spending and increased adoption of soldier systems, such as head-up displays, security cameras, and HMDs, in the military segment, will facilitate the soldier systems market growth in the region. However, the market growth rate in this region will be slower than the growth of the market in Europe, APAC, and MEA.
Soldier Systems Market: Top Drivers to Boost Demand
Increased deployment by military segment is one of the primary factors driving the growth of the soldier systems market. Rapid advances in VR and AR technologies will revolutionize army training by delivering mission-critical situational awareness. AR can provide useful information, such as enemy location to soldiers within their line of sight hence, it is extensively being used for training and simulation purposes. Governments of several countries have increased spending on training to enhance the readiness of soldier systems. For instance, the US Army has deployed a new AR heads-up display technology that makes modern warfare feel like a first-person video shooter.
This report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
Key Focus Areas in Our Reports:
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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