The military landscape is changing rapidly, and technology must advance with it. Demand for soldier modernization looks to be driven by rapid advances in technology, and a need for command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) , survivability, sustainability, mobility and lethal solutions. Another driving force for the market will be counterinsurgency campaigns.
To improve effectiveness, soldier modernization needs to advance
The report ‘The Global Soldier Modernization Market 2018-2028’ explores soldier modernization and how it will develop in the coming years. Soldier modernization is an effort to ensure that soldiers all around the world are equipped with the capabilities to complete operations efficiently and safely. The market for soldier modernization is projected to grow and a compound annual growth rate (CAGR) of 2.72%, reaching $21.7billion by 2028.
It is important for military organisations to continually enhance and develop their capabilities, and this report explores the theme in detail and provides key industry insights.
Some of the key highlights in this report include:
- The market’s five categories are explored: C4ISR, lethality, survivability, sustainability and mobility
- C4ISR is expected to dominate the soldier modernization market, accounting for 50% of the market
- Asia-Pacific will have a 34% share, making it the largest regional contributor, followed by the US and Europe
- The report analyses the key trends and challenges faced by industry participants in the development of soldier modernization technology
GlobalData’s report allows an understanding of soldier modernization as a theme, and its impact on the military market. The reader will be able to determine prospective investment opportunities based on trend analysis, and understand the key market segments and their forecast impact over the next 10 years. The report identifies the major channels driving soldier modernization, providing a comprehensive overview of the market and its future.
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