Soldier Systems Market Size, Share & Growth

^{_{Update: 11/22/2024}}

The Global Soldier Systems Market Size was valued at USD 10.4 Billion in 2022 and is estimated to reach USD 12.8 Billion by 2027, growing at a CAGR of 4.4% during the forecast period. The growth of the market is attributed to the increasing defense spending and the ongoing military modernization program worldwide to procure new system and upgrade the existing one.

Attractive Opportunities in Soldier System Market

Soldier Systems Market Forecast to 2027

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Soldier System Market Dynamics

Driver: Asymmetric warfare to encourage adoption of soldier system technologies

Asymmetrical warfare refers to conflicts between formal militaries and informal and less-equipped resilient opponents. The emergence of asymmetrical warfare can be attributed to various factors, such as alleged geopolitical conflicts in South Asian and Middle East countries. The increasing global instances of asymmetrical warfare have led countries to equip their infantry forces with advanced soldier system for identifying factors crucial for the success of ongoing missions due to less time required on battlefields. Companies dealing in soldier system focus on integrating these system with C4I technology to enhance soldiers’ situational awareness. Target is to enable soldiers to use information gathered from C4I technology at all command levels while planning and executing operations.

Restraint: Conventional warfare system to restrain growth of soldier system market.

An important factor restraining market growth is the increased financial instability in emerging economies. Higher inflation and low GDP compel developing countries, such as the Philippines, South Africa, and Sudan, to procure more conventional warfare system rather than spending on advanced soldier system. These countries procure basic warfare capabilities, such as armored vehicles, ships, and combat aircraft, and do not spend much on advanced technologies for developing next-generation soldier system. Growing economic concerns have resulted in a significant decline in these countries’ defense budgets and spending, hampering the Soldier System Industry growth.

Opportunity: Integrating nanotechnology into soldier subsystem to fuel market growth.

The increasing global incidences of asymmetric warfare have led to the development of system that protect soldiers against highly lethal ammunition and multiple strikes without compromising operational effectiveness. Bulletproof jackets and vests protect soldiers against medium- and low-energy small arms. However, the defense forces of various countries develop and create materials that are similar or superior to ballistic materials along with more flexibility and lesser thickness compared to the currently used Kevlar fabric and its other forms for manufacturing bulletproof jackets and vests.  The advent of nanotechnology has made it possible to create flexible armor for soldiers by combining Kevlar fabric with shear thickening fluid (STF). The requirement for lightweight, flexible, and antiballistic textiles has led to the use of nanofibers and nanocomposite material in manufacturing armor for soldiers. These textiles protect soldiers against chemical and biological attacks, can self-decontaminate, and offer switchable camouflage patterns. Nanocomposites comprise matrix materials, usually polymers, by dispersing nanoparticles/fibers. These composites provide enhanced thermal, mechanical, and electrical properties to textiles used to manufacture soldiers’ armor. Researchers have developed a carbon nanotube (CNT)-coated smart yarn that conducts electricity. This yarn can be woven into textiles used for manufacturing soldiers’ clothing to detect their blood pressure or monitor their health. These technologies are useful in cases where wounded soldiers cannot send messages for medical assistance. In such cases, smart clothing detects the presence of albumin in the blood and sends distress signals through radio communication devices.

Challenge: Need for weight reduction on soldiers to challenge manufacturers of soldier system

Reducing the weight on soldiers without compromising their protection and combat performance is a major challenge for manufacturers of different components and subsystem of soldier system. Modernizing soldier system to protect, mobilize, and empower soldiers has resulted in an exponential increase in the total weight of these system. The combined weight of soldier system prevents troops from being agile, mobile, and effective. It even risks their lives as soldiers avoid carrying the lifesaving equipment due to its heavy weight. Defense agencies worldwide source and integrate the most affordable and lightweight soldier equipment with new and advanced technologies to reduce the weight burden on defense personnel. For instance, the US, through its Nett Warrior program, is making substantial progress in reducing the load carried by soldiers on battlefields while ensuring they are equipped with next-generation capabilities. The UK Ministry of Defence plans to reduce the load on soldiers from 70 kilograms to less than 25 kilograms under its Reducing the Burden on the Dismounted Soldier (RBDS) program. Defense ministries worldwide fund various R&D projects to reduce the weight and power consumption of equipment carried by soldiers on battlefields to counter this challenge.

Soldier System Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of soldier system. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Elbit System Ltd. (Israel), Rheinmetall AG (Germany), Saab AB (Sweden), Thales Group (France), BAE System plc (UK), and Aselsan A.S. (Turkey) are the key players in this market.

Vision segment to dominate market share during the forecast period

Based on Type, the Soldier  System market has been segmented into personal protection, respiratory protective equipment (RPE), communication, power & transmission, surveillance & target acquisition, navigation & health monitoring, vision, exoskeleton, and training & simulation. The Vision segment is expected to increase significantly in the upcoming years. The soldier modernization programs around the world are integrating the various advanced vision system with soldier wearables as to enhance the overall operational efficiency of the soldiers.

Military segment to lead the market for Soldier System during the forecast period

Based on End User, the Soldier System market has been segmented into Military and Homeland Security. This segment growth can be attributed to the increased deployment of soldier system in the military to ensure improved communication, enhanced navigation, and efficient situational awareness. The long operational duration results in severe mental and physical exhaustion, affecting the efficacy of the land forces; hence, soldier system are being adopted to monitor the vitals of the military personnel and the occurrence of factors that may lead to stress and critically affect the operational capabilities of the personnel.

Northh America is projected to witness the highest market share during the forecast period

North America leads the Soldier System market. The demand for soldier system worldwide is now driven by technological advancements such as exoskeletons, smart fabrics, power & energy management, and communication & computing. The increasing necessity of governments in the area to counter the rising instances of terrorist attacks and continual military equipment modernization initiatives in the region are driving major regional defense manufacturers to produce technologically advanced soldier system. For instance, the US Army has implemented a new AR heads-up display technology that simulates modern fighting in the first person. Increased deployment of soldier system across the military sector is expected to benefit the soldier system market during the forecast period.

Soldier Systems Market by Region

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Key Market Players

Major players operating in the Soldier System Companies include BAE System plc (UK), Aselsan A.S. (Turkey), Elbit System Limited (Israel), Teledyne FLIR LLC (US), and General Dynamics Corporation (US) and among others.

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Scope of the Report

Soldier Systems Market Highlights

This research report categorizes the Soldier system market based on Type, End User, and Region.

Recent Developments

• In June 2022, Elbit System Ltd, unveils an innovative technological vision suite for military helicopters (a fifth-generation aircraft technology). The new suite integrates a sophisticated sensor array, an artificial intelligence (AI)-powered mission computer and a unique helmet-mounted display (HMD) system.
• In May 2022, BAE System plc, SIIDAS delivers network-centric warfare (a capable, highly effective aircraft self-protection system) and an unparalleled degree of situational awareness to pilots by integrating commercial electronic warfare (EW) sensors, countermeasures, and intelligent suite control.

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