Worldwide Soldier Modernization Market to Post 4% CAGR to 2027, Says SDI in Report Available at MarketPublishers.com05 Apr 2017 • by Natalie Aster
LONDON – Valued at USD 9.0 billion as of 2017, the worldwide soldier modernization market is expected to be worth USD 13.3 billion by 2027, recording a CAGR of 4.00%.
The market demand for soldier modernization is likely to be stimulated by fast-paced technology advances in the field and the surging requirement of C4ISR, sustainability, survivability, mobility and lethality solutions amid military forces from pole to pole.
Fast-developing battleground scenarios are presently driving the growth of the worldwide soldier modernization industry. In addition, counter insurgency operations in tandem with the need to enhance the effectiveness of soldier performance are projected to give a boost to the market in the offing.
Category-wise, C4ISR is the leading segment, capturing 38% of the total market, with the lethality and survivability segments following after accounting for 28% and 26%, respectively.
The North America region is poised to grab the dominant share (38%) of the market, followed by APAC and Europe, accounting for 28% and 23%, respectively.
In-demand report “The Global Soldier Modernization Market 2017-2027” elaborated by Strategic Defence Intelligence (SDI) offers a comprehensive, unbiased trend assessment of the market on a global scale over the next decade. It examines the factors driving demand for various market segments in the leading spending nations worldwide and pinpoints the opportunities created by them. The study gives an all-round look at the demand drivers, prevailing industry trends, and the up-to-the-minute technology developments, etc. It casts light on the major channels driving the market, giving a clear view of prospective opportunities in the market space. The research publication canvasses the total competitive scenario and profiles the world’s leading providers of soldier modernization solutions, covering their product lines, recent contract wins, alliances, and financial information wherever available.
To find more in-demand research studies by the publisher follow to online SDI catalogue at MarketPublishers.com.