Global Soldier Modernization Market Size study, by Type (Weapons and Ammunition, Personal Protection, Communication, Surveillance and Target Acquisition, Exoskeleton, Training and Simulation, and Other Types), and Regional Forecasts 2022-2028

Global Soldier Modernization Market Size study, by Type (Weapons and Ammunition, Personal Protection, Communication, Surveillance and Target Acquisition, Exoskeleton, Training and Simulation, and Other Types), and Regional Forecasts 2022-2028

Global Soldier Modernization Market is valued at approximately USD XXX million in 2021 and is anticipated to grow with a healthy growth rate of more than 3% over the forecast period 2022-2028. Systems for modernizing soldiers include cutting-edge weaponry, military vehicles, necessary supplies, and other crucial goods for battles and attacks. All military platforms, including the ground army, navy, and air force, can benefit from these modernized technologies. To fulfil the need of the defense sectors, the major companies worldwide are putting forward more cutting-edge feature systems. Increased terrorist attacks, wars, violence, and conflicts are encouraging the development of new technologies in the soldier modernization market, which will eventually result in the creation of cutting-edge systems. The main driving factors of soldier modernization market are increase in security threats and increasing research & development in the defense sector. In 2021, Avon Protection has developed and deliver IHPS to the US army under a contract of USD 87.6 million. The development of IHPS is a part of the soldier protection system, which includes Torso and Extremity Protection (TEP) and Vital Torso Protection (VTP) development. The US army plan to equip their soldiers with advanced personal protective systems. Furthermore, China launched an Exoskeleton suit for military uses used for carrying ammunition. In the late 2020, Army used non powered exoskeleton suit for border defense for various mission including patrol, supply delivery patrol and sentry duty. However, decreasing defense budgets in several developed impedes the growth of the market over the forecast period of 2022-2028

The key regions considered for the global Soldier Modernization Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is leading the global market share owing to increased military expenditure. However, Asia Pacific is expected to be the fastest growing region due to Technological innovation and rapidly developing battlefield scenarios in the region.

Major market players included in this report are:
BAE Systems PLC
Ultra Electronics Holdings PLC
Leonardo S.p.A.
L3Harris Technologies Inc.
Elbit Systems Ltd
Thales Group
Saab AB’
Rheinmetall AG
Safran SA
Teledyne Technologies Incorporated

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Weapons and Ammunition
Personal Protection
Communication
Surveillance and Target Acquisition
Exoskeleton
Training and Simulation
Other Types
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Soldier Modernization Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

BAE Systems PLC
Ultra Electronics Holdings PLC
Leonardo S.p.A.
L3Harris Technologies Inc.
Elbit Systems Ltd
Thales Group
Saab AB’
Rheinmetall AG
Safran SA
Teledyne Technologies Incorporated

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