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Global Soldier Systems Market to reach USD 14.68 billion by the end of 2030.

Global Soldier Systems Market Size study & Forecast, by Type (Vision, Respiratory Protective Equipment, Exoskeleton, Training & Simulation, Surveillance & Target Acquisition, Navigation & Health Monitoring, Communication, Personal Protection, Power & Data Transmission), by End User (Military, Homeland Security) and Regional Analysis, 2023-2030

Product Code: SSAD-79269950
Publish Date: 20-12-2023
Page: 200

Global Soldier Systems Market is valued at approximately USD 10.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2023-2030. “Soldier systems” typically refer to a range of equipment and technologies designed to enhance the capabilities, protection, and effectiveness of military personnel, particularly infantry soldiers. These systems are developed and utilized by armed forces around the world to improve the performance of soldiers in various operational environments. The Soldier Systems Market is expanding because of factors such as growing demand for advanced weapons and military technology and rising defense spending and arms trade. As a result, the demand for Soldier Systems has progressively increased in the international market during the forecast period 2023-2030.

Advanced weapons and technology can enhance the firepower and lethality of soldiers, making it necessary for soldier systems to adapt to the increased capabilities of modern weaponry. This involve providing soldiers with better personal protective equipment, such as enhanced body armor, helmets, and eyewear, to withstand the firepower of modern weapons. According to Statista, from 2018 to 2022, the United States dominated the international arms market, commanding a 40% share of global arms exports. Russia, the second-largest supplier of major weapons on a global scale during this period, held a 16% share. Together, the United States and Russia jointly accounted for more than half of all major weapons exports between 2017 and 2021. Another important factor that drives the Soldier Systems Market is increasing defense spending and arms trade. Higher defense budgets can fund research and development efforts to create innovative soldier systems. This led to the development of more efficient, durable, and capable gear for soldiers. In addition, as per Statista, the United States accounts world’s top military spending position in 2022, investing a significant USD 877 billion in defense. This amounted to nearly 40% of worldwide military spending that year, which totaled USD 2.2 trillion. The military spending in the United States accounted for 3.5% of the country’s GDP. Moreover, government initiatives towards advanced technologies in military equipment and the rising integration of nanotechnology into soldier subsystems are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost of Soldier Systems is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Soldier Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to rising instances of terrorist attacks and continual military equipment modernization initiatives in the region. Advanced technology in soldier systems requires robust cybersecurity measures to protect sensitive data and communication systems from cyber threats. The increasing reliance on technology makes these systems vulnerable to hacking, emphasizing the need for strong cybersecurity protocols. The region’s dominant performance is anticipated to propel the overall demand for Soldier Systems. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as the rising conflict between nations and increased expenditure on advanced technology by the defense sector in the region.

Major market player included in this report are:
BAE Systems plc
Aselsan A.S.
Elbit Systems Ltd
General Dynamics Corporation
Teledyne FLIR LLC
Bionic Power Inc
L3Harris Technologies, Inc
Leonardo S.p.A.
Lockheed Martin Corporation
Rheinmetall AG

Recent Developments in the Market:
Ø In January 2023, BAE Systems has secured a contract modification from the Swedish Defence Materiel Administration to produce an extra 20 CV90 mortar vehicles. The contract, valued at around USD 30 million, has been awarded to BAE Systems’ Swedish joint venture, HB Utveckling AB, underscoring a collaborative approach that leverages both BAE Systems’ proficiency and Swedish capabilities. This joint effort is aimed at fulfilling the contract, enhancing the Swedish armed forces’ capabilities in indirect fire support, and potentially bolstering their overall military readiness.
Global Soldier Systems Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Respiratory Protective Equipment
Training & Simulation
Surveillance & Target Acquisition
Navigation & Health Monitoring
Personal Protection
Power & Data Transmission

By End User
Homeland Security

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Soldier Systems Market, by Region, 2020-2030 (USD Billion)
1.2.2. Soldier Systems Market, by Type, 2020-2030 (USD Billion)
1.2.3. Soldier Systems Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Soldier Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Soldier Systems Market Dynamics
3.1. Soldier Systems Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing demand for advance weapon and military technology Rising defense spending and arms trade
3.1.2. Market Challenges Conventional warfare systems Lack of technology readiness
3.1.3. Market Opportunities Government initiatives towards advanced technologies in military equipment’s Rising integration of nanotechnology into soldier subsystems
Chapter 4. Global Soldier Systems Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Soldier Systems Market, by Type
5.1. Market Snapshot
5.2. Global Soldier Systems Market by Type, Performance – Potential Analysis
5.3. Global Soldier Systems Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Soldier Systems Market, Sub Segment Analysis
5.4.1. Vision
5.4.2. Respiratory Protective Equipment
5.4.3. Exoskeleton
5.4.4. Training & Simulation
5.4.5. Surveillance & Target Acquisition
5.4.6. Navigation & Health Monitoring
5.4.7. Communication
5.4.8. Personal Protection
5.4.9. Power & Data Transmission
Chapter 6. Global Soldier Systems Market, by End User
6.1. Market Snapshot
6.2. Global Soldier Systems Market by End User, Performance – Potential Analysis
6.3. Global Soldier Systems Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Soldier Systems Market, Sub Segment Analysis
6.4.1. Military
6.4.2. Homeland Security
Chapter 7. Global Soldier Systems Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Soldier Systems Market, Regional Market Snapshot
7.4. North America Soldier Systems Market
7.4.1. U.S. Soldier Systems Market Type breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Soldier Systems Market
7.5. Europe Soldier Systems Market Snapshot
7.5.1. U.K. Soldier Systems Market
7.5.2. Germany Soldier Systems Market
7.5.3. France Soldier Systems Market
7.5.4. Spain Soldier Systems Market
7.5.5. Italy Soldier Systems Market
7.5.6. Rest of Europe Soldier Systems Market
7.6. Asia-Pacific Soldier Systems Market Snapshot
7.6.1. China Soldier Systems Market
7.6.2. India Soldier Systems Market
7.6.3. Japan Soldier Systems Market
7.6.4. Australia Soldier Systems Market
7.6.5. South Korea Soldier Systems Market
7.6.6. Rest of Asia Pacific Soldier Systems Market
7.7. Latin America Soldier Systems Market Snapshot
7.7.1. Brazil Soldier Systems Market
7.7.2. Mexico Soldier Systems Market
7.8. Middle East & Africa Soldier Systems Market
7.8.1. Saudi Arabia Soldier Systems Market
7.8.2. South Africa Soldier Systems Market
7.8.3. Rest of Middle East & Africa Soldier Systems Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. BAE Systems plc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Aselsan A.S.
8.3.3. Elbit Systems Ltd
8.3.4. General Dynamics Corporation
8.3.5. Teledyne FLIR LLC
8.3.6. Bionic Power Inc
8.3.7. L3Harris Technologies, Inc
8.3.8. Leonardo S.p.A.
8.3.9. Lockheed Martin Corporation
8.3.10. Rheinmetall AG
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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