The defense forces across the globe are experiencing significant rise in terrorism with newer are lethal technologies. Pertaining to this fact, the military forces are constantly pressurizing the defense contractors to innovate and upgrade weaponries, wearable, communication technologies, and safety products, among others. This is influencing the growth of the soldier modernization market. Additionally, the continuous support from major defense forces such as the US, the UK, Russia, and China, among others is facilitating the soldier modernization market player to pace up their research & development wings, thereby, driving the market growth.
MARKET DYNAMICS
The soldier modernization market is catalyzed by the increasing demand for technologically advanced weaponries, protection gears, communication technologies, and mobility facilities. The rising defense expenditure in various developing countries is heavily boosting the soldier modernization market. The soldier modernization market is anticipated to soar in the coming years, attributing to the fact that, the market players are increasingly investing in upgrading their products, and also in innovating new lightweight, highly effective products. This factor is attracting the defense forces across the globe.
MARKET SCOPE
The "Global Soldier Modernization Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the global soldier modernization market with detailed market segmentation by purpose, platform and geography. The global soldier modernization market is expected to witness substantial growth during the forecast period. The report provides key statistics on the market status of the leading soldier modernization market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global soldier modernization market is segmented on the purpose and platform. On the basis of purpose, the soldier modernization market is segmented into weaponry/ammunition, C4ISR, protection, and mobility. On the basis of platform, the soldier modernization market is segmented into airborne, land, and naval.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global soldier modernization market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The soldier modernization market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the soldier modernization market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis on a global analysis.
MARKET PLAYERS
The reports cover key developments in the soldier modernization market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from soldier modernization market are anticipated to lucrative growth opportunities in the future with the rising demand for soldier modernization in the global market. Below mentioned is the list of few companies engaged in the soldier modernization market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the soldier modernization market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- BAE Systems Plc
- Colt Defense
- Elbit Systems
- FN Herstal
- General Dynamics Corporation
- Heckler & Koch GmbH
- Honeywell International Inc.
- Raytheon Company
- Remington Arms Company
- Safran Group