(EMAILWIRE.COM, February 21, 2019 ) The soldier systems market was valued at USD 9.08 billion in 2017 and is projected to reach USD 14.14 billion by 2023, at a CAGR of 7.65% during the forecast period from 2018 to 2023. This report forecasts the soldier systems market and provides information on its dynamics for the next 5 years. It also recognizes the application gaps for soldier systems, recent developments in the market, and high potential markets for soldier systems. The soldier systems market has been analyzed, primarily based on end user (military and homeland security), type (personal protection, Respiratory Protective Equipment (RPE), communication, power and transmission, surveillance and target acquisition, navigation and health monitoring, vision, exoskeleton, and training & simulation), and region (North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW)). The forecast period considered for the report is from 2018 to 2023, while the base year considered is 2017.

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The soldier systems 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% during the forecast period from 2018 to 2023. Factors such as ongoing soldier modernization programs carried out in various countries, increasing instances of asymmetric warfare, growing number of geopolitical disputes, and rising incidences of interconnected warfare are expected to drive the growth of the soldier systems market across the globe during the forecast period.

Based on end user, the soldier systems market has been segmented into military and homeland security. The military segment of the market is projected to grow at the highest CAGR during the forecast period. The growth of the military segment of the soldier systems market can be attributed to the increasing focus of military forces of different countries on the soldier protection, upgrading the existing soldier gears, growing terrorism, and rising need for inter-connected warfare systems, among others.

Based on type, the soldier systems market has been classified 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 expected to lead the soldier systems market during the forecast period. The growth of this segment of the market can be attributed to the increased use of rugged, compact, and lightweight radios by soldiers on battlefields for communication. The training & simulation segment of the market is projected to grow at the highest CAGR during the forecast period. The growth of the training & simulation segment of the soldier systems market can be attributed to the increasing demand for augmented reality and virtual reality in various soldier system applications.

The Asia Pacific soldier systems market is projected to grow at the highest CAGR during the forecast period. The growth of the soldier systems market in the region can be attributed to the ongoing soldier modernization programs in emerging economies of the region. Moreover, countries such as China, Japan, India, and Australia are also investing increasingly in the development of new and advanced soldier systems and their related technologies, thereby fueling the growth of the Asia Pacific soldier systems market.

Increasing incidences of terrorism and geopolitical conflicts across the globe and growing need to enhance the capabilities of soldiers to make them effective in battlefields and ensure their protection and safety against ballistic, fragmentation, flame, flash & heat, blast laser, and Chemical, Biological, Radiological, and Nuclear (CBRN) threats have led to the increased demand for new and advanced soldier systems. Companies dealing in soldier systems are focusing on integrating soldier systems with Command, Control, Communications, Computers, and Intelligence (C4I) technology to enhance the situational awareness of soldiers. This is expected to enable soldiers to use information gathered from C4I technology at all levels of command while supporting centralized command for various operations, carrying out the decentralized execution of operations, and aiding in the planning of operations.

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