Global $15.25bn Soldier Modernization Market to 2023: Analysis by Purpose & Geography - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 17, 2018--The “Global Soldier Modernization Market - Segmented by Purpose and Geography - Industry Analysis and Market Forecast (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.
The market for soldier modernisation is expected to grow at a CAGR close to 3.9% and touch USD 15.25 billion by 2023.
Increase in worldwide security threat, more allocation towards research and development, low level of equipment with soldiers in developing countries, rapid developments in technology are the major drivers of the soldier modernisation technology. Increasing spending on military and defence by different nations aid these research and development.
The equipment in the soldier modernisation market can be segmented on the basis of the purpose for which they are used, i.e, lethality, survivability, C4ISR, sustainability, mobility etc. The market is expected to be dominated by C4ISR segment, which will account for 38% of the market, followed by Lethality and Survivability with shares of 28% and 26% respectively.
In spite of the need for soldier modernisation, factors like slow decision making and acquisition process and falling defence budget restrain the soldier modernization in developed countries like US and the UK.
Key Market DevelopmentsUS supplies Ukraine with lethal defensive weaponry. Training and network transformation to be the major focus of the US soldier modernization.
Companies FeaturedBAE Systems plc General Dynamics Corporation Safran Group Raytheon Company Elbit Systems Exelis Inc. Colt Defence Remington Arms Company FN Herstal Heckler & Koch Israel Weapons Industries Boeing
Key Topics Covered
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Soldier Modernization Market, by Purpose
6. Soldier Modernization Market, by Region
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/vg249n/global_15_25bn?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180917005748/en/
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Related Topics:Infantry Weapons and Equipment
INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
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PUB: 09/17/2018 04:09 PM/DISC: 09/17/2018 04:09 PM