• About Us
  • Contact Us
  • Submit News Release
Thursday, March 30, 2023
No Result
View All Result
submit news
Oman News Club
  • BUSINESS
  • ENERGY
  • FINANCE
  • HEALTHCARE
  • LIFESTYLE
  • REAL ESTATE
  • TECH
  • TRAVEL
  • MIDDLE EAST
  • PRESS RELEASES
  • BUSINESS
  • ENERGY
  • FINANCE
  • HEALTHCARE
  • LIFESTYLE
  • REAL ESTATE
  • TECH
  • TRAVEL
  • MIDDLE EAST
  • PRESS RELEASES
No Result
View All Result
Oman News Club
Submit PR
Home PRESS RELEASES

Soldier Systems Market worth $12.8 Billion by 2027

by Newsroom Editor
February 14, 2023
Share on FacebookShare on Twitter


(EMAILWIRE.COM, February 14, 2023 ) The soldier system market is projected to grow from USD 10.4 Billion in 2022 to USD 12.8 Billion by 2027, at a CAGR of 4.4% during the forecast period. The overall soldier system market is projected to grow between 2022 and 2027 due to consumer preference for sophisticated gadgets, increasing growth prospects of next-generation displays and integrated soldier systems, the rising popularity of wearable fitness and medical devices, and the wide use of the Internet of Things (IoT).

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=137230260

Based on type, the vision segment will dominate the soldier system market during the forecast period. This segment is further divided into respiratory protective equipment (RPE), exoskeleton, training & simulation, surveillance & target acquisition, navigation & health monitoring, communication, personal protection, and power & data transmission. There is a huge demand for AR & VR-powered training to support the growth of the training & simulation segment of the soldier system market worldwide. The demand for soldier systems has increased significantly worldwide due to technological advancements in soldier system devices. Companies have been undertaking extensive research to develop an integrated soldier system with five enhanced capabilities provided to soldiers, including survivability, sustainability, lethality, mobility, command, control, communication, computer, and intelligence.

Based on end users, the soldier system market is segmented into military and homeland security. The military segment is projected to account for a larger share of the soldier system market during the forecast period due to increased demand for advanced soldier systems from military organizations. This segment growth can be attributed to the increased deployment of soldier systems 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 systems 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.

Based on Region, North America is estimated to account for the largest market share in 2022 and is projected to witness the highest CAGR during the forecast period. The region’s ongoing military modernization programs, rising investments in developing technologically advanced soldier systems for defense soldiers, and the growing military procurement by Russia, Germany, India, and China contribute to the global expansion of the market. The increased terror attacks and cross-border disputes drive the growth of Europe and the Asia Pacific soldier system markets. The developing market for soldier systems in the

Middle East and Asia Pacific is driven by increased defense spending and investments in the modernization of various law enforcement agencies in these regions. The demand for soldier systems worldwide is now driven by technological advancements such as exoskeletons, smart fabrics, power & energy management, and communication & computing.

Major players operating in the Soldier System market include BAE Systems plc (UK), Elbit Systems (Israel), Aselsan A.S. (Turkey), Saab AB (Sweden), Rheinmetall AG (Germany), General Dynamics (US), and Thales Group (France). These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, and Asia Pacific. They have an established portfolio of reputable products and services, a robust market presence, and strong business strategies. Furthermore, these companies have a significant market share, products with wider applications, broader geographical use cases, and a larger product footprint.

News Also Covered: https://www.prnewswire.com/news-releases/soldier-systems-market-worth-12-8-billion-by-2027—exclusive-report-by-marketsandmarkets-301743813.html

Related Reports:

Military Wearables Market by End User (Army, Navy, Air Force), Technology, Wearable Type (Headwear, Eyewear, Wristwear, Hearables and Bodywear) and Region (North America, Europe, Asia Pacific, Middle East, Rest of the World) – Global Forecast to 2027

C4ISR Market by Solution (Hardware, Application Software & Services), Platform (Airborne, Land, Naval, Space), Application, End User (Defence & Space, Homeland Security, Commercial), Installation, and Region (2021-2026)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.



Source link

Previous Post

CAPEX.com launches real shares dealing and its new brand … – Times of Oman

Next Post

Concrete Restoration Market Global Industry Overview and Competitive Landscape till 2026

Next Post
Concrete Restoration Market Global Industry Overview and Competitive Landscape till 2026

Concrete Restoration Market Global Industry Overview and Competitive Landscape till 2026

No Result
View All Result

Categories

  • BUSINESS (24)
  • ENERGY (36)
  • FINANCE (36)
  • HEALTHCARE (36)
  • LIFESTYLE (36)
  • MIDDLE EAST (85)
  • PRESS RELEASES (693)
  • REAL ESTATE (36)
  • TECH (21)
  • TRAVEL (20)

Recent.

Salalah Rotana Resort: The jewel of Hawana Salalah – Times of Oman

March 27, 2023
Power Grid Market worth $367.4 Billion by 2028

Power Grid Market worth $367.4 Billion by 2028

March 27, 2023
Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period

Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period

March 27, 2023

Subscribe to our Newsletter

    Share Us

    Categories

    Categories
    • BUSINESS
    • ENERGY
    • FINANCE
    • HEALTHCARE
    • LIFESTYLE
    • MIDDLE EAST
    • PRESS RELEASES
    • REAL ESTATE
    • TECH
    • TRAVEL

    Recent News

    Recent Posts
    • Salalah Rotana Resort: The jewel of Hawana Salalah – Times of Oman
    • Power Grid Market worth $367.4 Billion by 2028
    • Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period
    • Steel Wire Market expected to grow at a CAGR of 6.26 percent during the forecast period

    About Us

    OmanNews.Club™ reports, publishes and aggregates business, Tech and lifestyle news on Oman the Middle East and the North Africa (MENA). 

    We provide press release distribution to media outlets in Oman, Arab countries and the (MENA) regions. Submit a press release or contact us today.

    Oman News is part of GroupWeb Media Network. @ 2023 GroupWeb Media LLC

    About Us / Contact Us / Submit News Release

    No Result
    View All Result
    • About Us
    • Cart
    • Checkout
    • Contact Us
    • Home
    • My account
    • Shop
    • Submit News Release
    • Test page

    Oman News is part of GroupWeb Media Network. @ 2023 GroupWeb Media LLC