Soldier Systems Market Worth 14.14 Billion USD by 2023
According to the new market research report "Soldier
Systems Market by End User (Military, Homeland Security), Type
(Personal Protection, Communication, Power and Transmission,
Surveillance and Target Acquisition, Navigation and Health Monitoring,
Vision), Region - Global Forecast to 2023", published by MarketsandMarkets™, the market is projected to grow from USD 9.78 billion in 2018 to USD 14.14 billion
by 2023, at a CAGR of 7.65% from 2018 to 2023. The growth of the
soldier systems market can be attributed to the increasing incidences of
terrorism and ongoing soldier modernization programs across the globe.
Browse 130 market data Tables and 54 Figures spread through 186 Pages and in-depth TOC on "Soldier Systems Market - Global Forecast to 2023"
Based
on end user, the military segment of the soldier systems market is
projected to grow at the highest CAGR during the forecast period.
Among
end users, the military segment is expected to lead the soldier systems
market in 2018, and this trend is expected to continue till 2023. The
growth of the military segment of the market can be attributed to the
fact that military forces across the globe are upgrading their existing
soldier systems to enhance the survivability of soldiers. Ongoing
soldier modernization programs, increasing cross-border conflicts, and
rising number of terrorism-related activities across the globe are also
contributing to the growth of the military segment of the soldier
systems market.
Among types, the communication segment is projected to lead the soldier systems market from 2018 to 2023.
Based
on type, the soldier systems market has been segmented into personal
protection, Respiratory Protective Equipment (RPE), communication, power
and transmission, surveillance and target acquisition, navigation and
health monitoring, vision, exoskeleton, and training & simulation.
The communication segment is projected to lead the soldier systems
market during the forecast period. The training & simulation segment
of the market is projected to grow at the highest CAGR during the
forecast period. This growth of the training & simulation segment of
the market can be attributed to the penetration of Augmented Reality
(AR) and Virtual Reality (VR) in various training & simulation
devices. The ability of augmented reality to combine the real world with
virtual objects has increased the demand for augmented reality in
various defense applications.
Ask for PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=137230260
The Asia Pacific soldier systems market is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific
soldier systems market is projected to grow at the highest CAGR from
2018 to 2023. The rapid growth of the soldier systems market in the Asia Pacific region can be attributed to the innovations being carried out in emerging economies such as China and India for the development of advanced soldier systems. The countries in the Asia Pacific
region are conducting military modernization programs for their ground
troops by domestically developing various types of soldier subsystems,
equipment, and gears.
China is expected to account for the largest share of the Asia Pacific soldier systems market in 2018. The growth of the China
soldier systems market can be attributed to the ongoing R&D
activities in the country for the development of advanced technologies
and solutions for soldier systems.
Major players in the soldier systems market are Rheinmetall AG (Germany), General Dynamics (US), Elbit Systems (Israel), Leonardo (Italy), Saab AB (Sweden), Rockwell Collins (US), FLIR Systems (US), Harris Corporation (US), and Thales Group (France), among others.
Know more about the Soldier Systems Market:
Contact:Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
No comments:
Post a Comment