Asia-Pacific Emerged to Be the Fastest-Growing Market for Soldier Systems during the Review Period

Pune, India, Dec 2022, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Soldier System Market.

In Asia-Pacific, according to the Global Peace Index (GPI), Afghanistan was the worst-ranked country in 2021, occupying the last (163) spot. Besides Afghanistan, countries such as North Korea (151), Pakistan (150), Iran (142), India (135), and the Philippines (128) also did not do well. Over the past decade, various crises and conflicts emerged, leading to heightened internal and external tensions in the region. Some of these crises and conflicts have been resolved but replaced by new waves of uncertainty and tension. Transforming economic scenarios in most nations has led to an increase in anti-government and political demonstrations, thereby causing political instability. There have been several drivers and triggers behind rising civil unrest and a growing number of riots. Rising costs of living budding from reforms to remove subsidies, restrictions on freedom of the press, the existence of vast marginalized political or religious groups, election outcome uncertainties, and others have all led to rising in civil unrest and increasing riots in one way or another. The aforementioned factors contribute to the growth of the soldier systems market in the region.

The North American region is home to some of the prominent soldier system manufacturers, such as General Dynamics Corporation, L3Harris Technologies, Raytheon Technologies Corporation, and Teledyne Technologies. The governments in the region have been working closely with the leading soldier system manufacturers to develop advanced soldier systems for their military and homeland security personnel. Military personnel is equipped with these advanced soldier systems to enhance their military capabilities in armed conflicts, this reason is expected to drive the market in the forecasted time frame.

In Europe, the market growth in the region is driven by the growing usage of soldier systems in various military operations, particularly against non-state actors. The growth in the market can also be attributed to the presence of leading soldier system manufacturers, including BAE Systems plc, Leonardo S.p.A., Rheinmetall AG, Saab AB, Safran S.A., and Thales Group. A wide range of soldier systems based on advanced military technology, coupled with ergonomic design, are being developed for the military forces in the region.

The Middle East & African soldier systems market accounted for a significant market share and is expected to witness significant growth in the coming years during the forecast period. Much of this can be attributed to growing civil unrest, the rising dominance of terrorist groups & non-state actors, increasing geopolitical tensions, and increasing riots & conflicts in the region. The countries in the Middle East & Africa region face threats from state and non-state actors. Furthermore, growing political instability, increase in political protests, and heightened violence have been observed in countries such as Egypt, Tunisia, Jordan, Syria, Bahrain, and others are also helping in driving the demand in the region.

The soldier systems market in the region held a considerable market share in 2021 and is forecasted to continue growing at a significant rate in the coming years during the forecast timeline. The market growth in the region is primarily propelled by growing civil unrest and advancements in the operational resilience of the governments in countering threats pertaining to non-state actors. 

Global Soldier Systems Market Share, by Region, 2021 (%)

Source: MRFR Analysis

Covid Impact Analysis

Due to COVID-19, several countries put imposed certain restrictions on imports and exports. Due to the dependency of most of the soldier system manufacturers on imports of raw materials/components from producers based in different parts of the world, the soldier systems industry has been negatively affected. These manufacturers have been abiding by the COVID-19 corporate guidelines, which have either halted their operations or are forced to operate at partial capacity. Moreover, the import restrictions have led to a shortage of raw materials, resulting in decreased production capacities, and negatively impacting the manufacturers and the market itself. Furthermore, The manufacturing and development of soldier systems require significant investments in R&D. The pandemic has affected the scale of imports, necessary for the growth of the market, which has affected the production of soldier systems.

Segmentation

The global soldier systems market is segmented on the basis of  Type, End-User, and Region.

On the basis of Type the global soldier systems market has been segmented into Protection Systems, Communication Systems, Power & Data Transmission Systems, Surveillance & Target Acquisition, Navigation & Health Monitoring System, Vision System, and Other System.

Based on End-User the global soldier systems market has been bifurcated into Military and Homeland Security.

Key Players

Some of the prominent players operating in the global Soldier Systems market include Aselsan A.Ş.(Turkey), BAE Systems Plc (UK), Elbit Systems Ltd (Israel), General Dynamics Corporation (US), L3Harris Technologies, Inc. (US), Leonardo SpA (Italy), Rheinmetall AG (Germany), Saab AB (Sweden), Thales Group (France), Raytheon Technologies Corporation (US), Teledyne FLIR LLC (US), and Safran (France).