Global Soldier System Market Report and Forecast 2024-2032

Soldier System Market Size

The global soldier system market size reached nearly USD 11.04 billion in 2023. The market is projected to grow at a CAGR of 4.7% between 2024 and 2032 to reach a value of around USD 16.68 billion by 2032.

Key Trends in the Market

Soldier system refers to a type of battlefield system, which enhances the effectiveness, lethality, and controllability of a soldier. A soldier system uses different technologies and techniques to improve the warfighting capabilities of a soldier.

• Soldier systems can boost the performance of commandos across various terrains and challenging environments. Therefore, the escalating geopolitical tensions, coupled with growing concerns regarding the invasions of sovereign nations, are driving the demand for soldier systems.

• The increasing usage of innovative technologies like nanotechnologies to produce lightweight, easily wearable, and flexible battlefield systems is a crucial soldier system market trend. Moreover, the growing deployment of the Internet of military things (IoMT) is further enhancing the capabilities of modernised soldier systems.

• Soldier system is also used in homeland security to boost domestic preparedness, augment civil support, and prevent attacks on the elderly and children. In this regard, the growing efforts of governments to improve homeland security are further fuelling the soldier system market growth.

Soldier System Market Analysis

Based on type, the market is segmented into personal protection, vision, respiratory protective equipment (RPE), exoskeleton, communication, surveillance and target acquisition, navigation and health monitoring, power and data transmission, and training and simulation. The personal protection segment is further segmented based on type into helmet, clothing, vest, gloves, and boots, while the vision segment is further divided by type into camera, scope, and module.

On the basis of end user, the soldier system market segmentation includes military and homeland security. The major regional markets for soldier system include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global soldier system market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• BAE Systems Plc

• Elbit Systems Ltd

• General Dynamics Corporation

• Teledyne FLIR LLC

• Bionic Power Inc

• L3Harris Technologies, Inc

• Leonardo S.p.A

• Rheinmetall AG

• Northrop Grumman Systems Corporation

• Thales Group

• Others

Market Share by Type

Vision accounts for a significant portion of the soldier system market share. This can be attributed to the heightening adoption of night vision goggles by soldiers to boost their lethality and warfare performance. Rising investments by leading market players aimed towards developing next-generation night vision technology to enhance the survivability and attack capabilities of commandos and marines are expected to further boost the segment’s growth in the forecast period.

Market Share by End User

According to the soldier system market analysis, the military sector holds a healthy share of the market. Personal protection, superior communication systems, and training and simulation, among other processes offered by soldier systems can bolster the war preparedness of the soldiers. Hence, the increasing efforts by sovereign military nations to enhance battling capabilities, counter threats, and fight adversities are fuelling the growth of this segment.

Over the forecast period, the anticipated increase in military expenditure of emerging economies is expected to support the soldier system market demand.

Competitive Landscape of Soldier System Industry

BAE Systems Plc is a company which provides advanced, technology-led defence, aerospace, and security solutions, along with innovative military communication devices. It was founded in 1999 and is headquartered in Farnborough, the United Kingdom.

Elbit Systems Ltd. is a renowned aerospace and defence company which manufactures products and systems for defence, homeland security, and commercial applications. The company was founded in 1966 and is headquartered in Haifa, Israel.

General Dynamics Corporation is a publicly traded aerospace and defence corporation which manufactures business jets, combat vehicles, and powered submarines, among others. It was established in 1952 and is headquartered in Virginia, the United States.

Other soldier system market players include Teledyne FLIR LLC, Bionic Power Inc, L3Harris Technologies, Inc, Leonardo S.p.A, Rheinmetall AG, Northrop Grumman Systems Corporation, and Thales Group, among others.

Key Highlights of the Report