Global Soldier Systems Market is valued at approximately USD 10.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2023-2030. "Soldier systems" typically refer to a range of equipment and technologies designed to enhance the capabilities, protection, and effectiveness of military personnel, particularly infantry soldiers. These systems are developed and utilized by armed forces around the world to improve the performance of soldiers in various operational environments. The Soldier Systems Market is expanding because of factors such as growing demand for advanced weapons and military technology and rising defense spending and arms trade. As a result, the demand for Soldier Systems has progressively increased in the international market during the forecast period 2023-2030.

Advanced weapons and technology can enhance the firepower and lethality of soldiers, making it necessary for soldier systems to adapt to the increased capabilities of modern weaponry. This involve providing soldiers with better personal protective equipment, such as enhanced body armor, helmets, and eyewear, to withstand the firepower of modern weapons. According to Statista, from 2018 to 2022, the United States dominated the international arms market, commanding a 40% share of global arms exports. Russia, the second-largest supplier of major weapons on a global scale during this period, held a 16% share. Together, the United States and Russia jointly accounted for more than half of all major weapons exports between 2017 and 2021. Another important factor that drives the Soldier Systems Market is increasing defense spending and arms trade. Higher defense budgets can fund research and development efforts to create innovative soldier systems. This led to the development of more efficient, durable, and capable gear for soldiers. In addition, as per Statista, the United States accounts world's top military spending position in 2022, investing a significant USD 877 billion in defense. This amounted to nearly 40% of worldwide military spending that year, which totaled USD 2.2 trillion. The military spending in the United States accounted for 3.5% of the country's GDP. Moreover, government initiatives towards advanced technologies in military equipment and the rising integration of nanotechnology into soldier subsystems are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost of Soldier Systems is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Soldier Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to rising instances of terrorist attacks and continual military equipment modernization initiatives in the region. Advanced technology in soldier systems requires robust cybersecurity measures to protect sensitive data and communication systems from cyber threats. The increasing reliance on technology makes these systems vulnerable to hacking, emphasizing the need for strong cybersecurity protocols. The region's dominant performance is anticipated to propel the overall demand for Soldier Systems. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as the rising conflict between nations and increased expenditure on advanced technology by the defense sector in the region.

Major market player included in this report are:
BAE Systems plc
Aselsan A.S.
Elbit Systems Ltd
General Dynamics Corporation
Teledyne FLIR LLC
Bionic Power Inc
L3Harris Technologies, Inc
Leonardo S.p.A.
Lockheed Martin Corporation
Rheinmetall AG
Recent Developments in the Market:
In January 2023, BAE Systems has secured a contract modification from the Swedish Defence Materiel Administration to produce an extra 20 CV90 mortar vehicles. The contract, valued at around USD 30 million, has been awarded to BAE Systems' Swedish joint venture, HB Utveckling AB, underscoring a collaborative approach that leverages both BAE Systems' proficiency and Swedish capabilities. This joint effort is aimed at fulfilling the contract, enhancing the Swedish armed forces' capabilities in indirect fire support, and potentially bolstering their overall military readiness.
Global Soldier Systems Market Report Scope:
Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Vision
Respiratory Protective Equipment
Exoskeleton
Training & Simulation
Surveillance & Target Acquisition
Navigation & Health Monitoring
Communication
Personal Protection
Power & Data Transmission
By End User
Military
Homeland Security
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa