Soldier System Market Research Report, Trends, Analysis and Forecast to 2027

Soldier system is a kind of system, which develops running capabilities, equipping infantrymen with voice and data network communication equipment. In this system, it comprises equipment for get down soldiers for shield as well as effectiveness during operations. Soldier systems are kit which improves the operational capabilities of soldiers during combat. These systems are extensively being obtained by different defense organizations around the world. The systems cover the whole thing from tiny wearables such as scopes to huge portable devices such as Radars and Jammers. Soldier systems find massive application in the defense sector as well as in the law enforcement agencies, soldier systems use vary. But the system elements vary from end-user to end-user. The “Global Soldier System Market” is accounted for $9.34 billion in 2018 and is expected to reach $19.70 billion by 2027 growing at a CAGR of 8.65% during the forecast period.

Due to the growth in Soldier System, leading companies dealing in soldier systems across the globe are constantly working for the growth of a number of cutting-edge technologies in the field of communication and intelligence to allow troops to function rapidly and smartly in battlefields. These companies are carrying out R&D actions for the growth of innovative and innovative technologies to address the identified gaps in soldier systems, thereby supporting the working efficiency of soldiers. For example, the integrated soldier systems project, which is a soldier modernization program being carried out in Canada, defines the deficiencies of traditional soldier systems as follows. 

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Numerous companies have formed long-term partnerships with the armed forces to improve and enhance the battlefield capabilities of infantry soldiers as well as for the growth of future soldier modernization programs of the defense ministry. Companies are investing greatly in research and development for the modernism of latest and advanced products and technologies that may help the soldiers in the frontline to have a tactical benefit over the rivals. Development of exoskeletons, versatile technology platforms in terms of connectivity, double role weapon sights, and integration of VR technology for the training of soldiers are some of the innovations of the companies that received attention in recent times from different armed forces around the world. Such breakthrough technologies are expected to help the companies gain latest contracts and increase their market presence.

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Soldier System market across Asia Pacific regions has huge demand of growth on account of growing operation of the military for law enforcement and mounting funds in soldier modernization programs such as Land Warrior, F-INSAS, RATNIK, Future Soldier, FIST 3/DCC Inc 3. The expansion of the Asia Pacific market is driven by the increasing incidences of terror attacks and cross-border disputes. Countries in the Asia-Pacific region, such as China, India, and South Korea are some of the major defense spenders in the world. China’s indigenous technological and manufacturing capability gives it a huge edge in terms of modernization and the implementation of soldier modernization programs. The country has done both technical and organizational varies to modernize its army. The partnership between the private and public sector has radically augmented in the country in recent years, resulting in quick expansion in technology transfer and cost-effective R&D. China aims to build a technologically superior, top-tier world-class force in the next thirty years. 

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On the other hand, India, currently, has the major ground force in the world, with about 1.4 million personnel at its disposal. The country is currently in the first stages of building a leaner and technology-enabled modern force as envisioned in 2015. The Government of India plans to spend USD 130 billion during the forecast period to modernize its army, air force, and navy. This will comprise the procurement of infantry equipment, such as assault rifles and the deployment of different protection and C4ISR systems for the infantry. In March 2020, the Indian Ministry of Defence awarded a contract to the Israel Weapons Industries (IWI) to supply 16,479 modern, state-of-the-arts, Negev 7.62X51 mm Light Machine Guns (LMGs) for USD 116.4 million. India has also newly procured 72,400 assault rifles and 93,895 carbines for modernizing its frontline troops under the Fast Track Procurement (FTP) route. Such increases are envisioned to additional propel the region to dominate the market in the years to come.