Global Soldier Modernization Market Research Report 2023

The net weight of carrying these modern equipment prevents soldiers from being agile, mobile and effective in the face of war, especially in difficult terrains, high elevations and fast-paced operations that today's troops experience, the weight on their shoulders is critical. Because of the equipment weight they often tend to leave the lifesaving equipment as it is the heaviest compared to rest thus making them vulnerable to dangers. The key to soldier modernisation market is to reduce the weight of equipment to the lowest possible, without compromising protection and performance, at the time of need.

The global Soldier Modernization market was valued at US$ 11480 million in 2022 and is anticipated to reach US$ 13080 million by 2029, witnessing a CAGR of 2.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Soldier Modernization is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Soldier Modernization is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for Soldier Modernization in Army is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Soldier Modernization include BAE Systems, General Dynamics Corporation, Safran Group, Raytheon Company, Elbit Systems Ltd, Ceradyne, Rheinmetall Defense, Thales Group and FLIR Systems Inc, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

This report aims to provide a comprehensive presentation of the global market for Soldier Modernization, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Soldier Modernization.

The Soldier Modernization market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Soldier Modernization market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Soldier Modernization companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Soldier Modernization Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 C4ISR

1.2.3 Lethality

1.2.4 Survivability

1.2.5 Sustainability

1.2.6 Mobility

1.3 Market by Application

1.3.1 Global Soldier Modernization Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Army

1.3.3 Navy

1.3.4 Air Force

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Soldier Modernization Market Perspective (2018-2029)

2.2 Soldier Modernization Growth Trends by Region

2.2.1 Global Soldier Modernization Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Soldier Modernization Historic Market Size by Region (2018-2023)

2.2.3 Soldier Modernization Forecasted Market Size by Region (2024-2029)

2.3 Soldier Modernization Market Dynamics

2.3.1 Soldier Modernization Industry Trends

2.3.2 Soldier Modernization Market Drivers

2.3.3 Soldier Modernization Market Challenges

2.3.4 Soldier Modernization Market Restraints

3.1 Global Top Soldier Modernization Players by Revenue

3.1.1 Global Top Soldier Modernization Players by Revenue (2018-2023)

3.1.2 Global Soldier Modernization Revenue Market Share by Players (2018-2023)

3.2 Global Soldier Modernization Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Soldier Modernization Revenue

3.4 Global Soldier Modernization Market Concentration Ratio

3.4.1 Global Soldier Modernization Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Soldier Modernization Revenue in 2022

3.5 Soldier Modernization Key Players Head office and Area Served

3.6 Key Players Soldier Modernization Product Solution and Service

3.7 Date of Enter into Soldier Modernization Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Soldier Modernization Historic Market Size by Type (2018-2023)

4.2 Global Soldier Modernization Forecasted Market Size by Type (2024-2029)

5.1 Global Soldier Modernization Historic Market Size by Application (2018-2023)

5.2 Global Soldier Modernization Forecasted Market Size by Application (2024-2029)

6.1 North America Soldier Modernization Market Size (2018-2029)

6.2 North America Soldier Modernization Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Soldier Modernization Market Size by Country (2018-2023)

6.4 North America Soldier Modernization Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Soldier Modernization Market Size (2018-2029)

7.2 Europe Soldier Modernization Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Soldier Modernization Market Size by Country (2018-2023)

7.4 Europe Soldier Modernization Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Soldier Modernization Market Size (2018-2029)

8.2 Asia-Pacific Soldier Modernization Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Soldier Modernization Market Size by Region (2018-2023)

8.4 Asia-Pacific Soldier Modernization Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Soldier Modernization Market Size (2018-2029)

9.2 Latin America Soldier Modernization Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Soldier Modernization Market Size by Country (2018-2023)

9.4 Latin America Soldier Modernization Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Soldier Modernization Market Size (2018-2029)

10.2 Middle East & Africa Soldier Modernization Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Soldier Modernization Market Size by Country (2018-2023)

10.4 Middle East & Africa Soldier Modernization Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 BAE Systems

11.1.1 BAE Systems Company Detail

11.1.2 BAE Systems Business Overview

11.1.3 BAE Systems Soldier Modernization Introduction

11.1.4 BAE Systems Revenue in Soldier Modernization Business (2018-2023)

11.1.5 BAE Systems Recent Development

11.2 General Dynamics Corporation

11.2.1 General Dynamics Corporation Company Detail

11.2.2 General Dynamics Corporation Business Overview

11.2.3 General Dynamics Corporation Soldier Modernization Introduction

11.2.4 General Dynamics Corporation Revenue in Soldier Modernization Business (2018-2023)

11.2.5 General Dynamics Corporation Recent Development

11.3 Safran Group

11.3.1 Safran Group Company Detail

11.3.2 Safran Group Business Overview

11.3.3 Safran Group Soldier Modernization Introduction

11.3.4 Safran Group Revenue in Soldier Modernization Business (2018-2023)

11.3.5 Safran Group Recent Development

11.4 Raytheon Company

11.4.1 Raytheon Company Company Detail

11.4.2 Raytheon Company Business Overview

11.4.3 Raytheon Company Soldier Modernization Introduction

11.4.4 Raytheon Company Revenue in Soldier Modernization Business (2018-2023)

11.4.5 Raytheon Company Recent Development

11.5 Elbit Systems Ltd

11.5.1 Elbit Systems Ltd Company Detail

11.5.2 Elbit Systems Ltd Business Overview

11.5.3 Elbit Systems Ltd Soldier Modernization Introduction

11.5.4 Elbit Systems Ltd Revenue in Soldier Modernization Business (2018-2023)

11.5.5 Elbit Systems Ltd Recent Development

11.6 Ceradyne

11.6.1 Ceradyne Company Detail

11.6.2 Ceradyne Business Overview

11.6.3 Ceradyne Soldier Modernization Introduction

11.6.4 Ceradyne Revenue in Soldier Modernization Business (2018-2023)

11.6.5 Ceradyne Recent Development

11.7 Rheinmetall Defense

11.7.1 Rheinmetall Defense Company Detail

11.7.2 Rheinmetall Defense Business Overview

11.7.3 Rheinmetall Defense Soldier Modernization Introduction

11.7.4 Rheinmetall Defense Revenue in Soldier Modernization Business (2018-2023)

11.7.5 Rheinmetall Defense Recent Development

11.8 Thales Group

11.8.1 Thales Group Company Detail

11.8.2 Thales Group Business Overview

11.8.3 Thales Group Soldier Modernization Introduction

11.8.4 Thales Group Revenue in Soldier Modernization Business (2018-2023)

11.8.5 Thales Group Recent Development

11.9 FLIR Systems Inc

11.9.1 FLIR Systems Inc Company Detail

11.9.2 FLIR Systems Inc Business Overview

11.9.3 FLIR Systems Inc Soldier Modernization Introduction

11.9.4 FLIR Systems Inc Revenue in Soldier Modernization Business (2018-2023)

11.9.5 FLIR Systems Inc Recent Development

11.10 Harris Corporation

11.10.1 Harris Corporation Company Detail

11.10.2 Harris Corporation Business Overview

11.10.3 Harris Corporation Soldier Modernization Introduction

11.10.4 Harris Corporation Revenue in Soldier Modernization Business (2018-2023)

11.10.5 Harris Corporation Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Soldier Modernization Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of C4ISR

    Table 3. Key Players of Lethality

    Table 4. Key Players of Survivability

    Table 5. Key Players of Sustainability

    Table 6. Key Players of Mobility

    Table 7. Global Soldier Modernization Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 8. Global Soldier Modernization Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 9. Global Soldier Modernization Market Size by Region (2018-2023) & (US$ Million)

    Table 10. Global Soldier Modernization Market Share by Region (2018-2023)

    Table 11. Global Soldier Modernization Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 12. Global Soldier Modernization Market Share by Region (2024-2029)

    Table 13. Soldier Modernization Market Trends

    Table 14. Soldier Modernization Market Drivers

    Table 15. Soldier Modernization Market Challenges

    Table 16. Soldier Modernization Market Restraints

    Table 17. Global Soldier Modernization Revenue by Players (2018-2023) & (US$ Million)

    Table 18. Global Soldier Modernization Market Share by Players (2018-2023)

    Table 19. Global Top Soldier Modernization Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Soldier Modernization as of 2022)

    Table 20. Ranking of Global Top Soldier Modernization Companies by Revenue (US$ Million) in 2022

    Table 21. Global 5 Largest Players Market Share by Soldier Modernization Revenue (CR5 and HHI) & (2018-2023)

    Table 22. Key Players Headquarters and Area Served

    Table 23. Key Players Soldier Modernization Product Solution and Service

    Table 24. Date of Enter into Soldier Modernization Market

    Table 25. Mergers & Acquisitions, Expansion Plans

    Table 26. Global Soldier Modernization Market Size by Type (2018-2023) & (US$ Million)

    Table 27. Global Soldier Modernization Revenue Market Share by Type (2018-2023)

    Table 28. Global Soldier Modernization Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 29. Global Soldier Modernization Revenue Market Share by Type (2024-2029)

    Table 30. Global Soldier Modernization Market Size by Application (2018-2023) & (US$ Million)

    Table 31. Global Soldier Modernization Revenue Market Share by Application (2018-2023)

    Table 32. Global Soldier Modernization Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 33. Global Soldier Modernization Revenue Market Share by Application (2024-2029)

    Table 34. North America Soldier Modernization Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 35. North America Soldier Modernization Market Size by Country (2018-2023) & (US$ Million)

    Table 36. North America Soldier Modernization Market Size by Country (2024-2029) & (US$ Million)

    Table 37. Europe Soldier Modernization Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 38. Europe Soldier Modernization Market Size by Country (2018-2023) & (US$ Million)

    Table 39. Europe Soldier Modernization Market Size by Country (2024-2029) & (US$ Million)

    Table 40. Asia-Pacific Soldier Modernization Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 41. Asia-Pacific Soldier Modernization Market Size by Region (2018-2023) & (US$ Million)

    Table 42. Asia-Pacific Soldier Modernization Market Size by Region (2024-2029) & (US$ Million)

    Table 43. Latin America Soldier Modernization Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 44. Latin America Soldier Modernization Market Size by Country (2018-2023) & (US$ Million)

    Table 45. Latin America Soldier Modernization Market Size by Country (2024-2029) & (US$ Million)

    Table 46. Middle East & Africa Soldier Modernization Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 47. Middle East & Africa Soldier Modernization Market Size by Country (2018-2023) & (US$ Million)

    Table 48. Middle East & Africa Soldier Modernization Market Size by Country (2024-2029) & (US$ Million)

    Table 49. BAE Systems Company Detail

    Table 50. BAE Systems Business Overview

    Table 51. BAE Systems Soldier Modernization Product

    Table 52. BAE Systems Revenue in Soldier Modernization Business (2018-2023) & (US$ Million)

    Table 53. BAE Systems Recent Development

    Table 54. General Dynamics Corporation Company Detail

    Table 55. General Dynamics Corporation Business Overview

    Table 56. General Dynamics Corporation Soldier Modernization Product

    Table 57. General Dynamics Corporation Revenue in Soldier Modernization Business (2018-2023) & (US$ Million)

    Table 58. General Dynamics Corporation Recent Development

    Table 59. Safran Group Company Detail

    Table 60. Safran Group Business Overview

    Table 61. Safran Group Soldier Modernization Product

    Table 62. Safran Group Revenue in Soldier Modernization Business (2018-2023) & (US$ Million)

    Table 63. Safran Group Recent Development

    Table 64. Raytheon Company Company Detail

    Table 65. Raytheon Company Business Overview

    Table 66. Raytheon Company Soldier Modernization Product

    Table 67. Raytheon Company Revenue in Soldier Modernization Business (2018-2023) & (US$ Million)

    Table 68. Raytheon Company Recent Development

    Table 69. Elbit Systems Ltd Company Detail

    Table 70. Elbit Systems Ltd Business Overview

    Table 71. Elbit Systems Ltd Soldier Modernization Product

    Table 72. Elbit Systems Ltd Revenue in Soldier Modernization Business (2018-2023) & (US$ Million)

    Table 73. Elbit Systems Ltd Recent Development

    Table 74. Ceradyne Company Detail

    Table 75. Ceradyne Business Overview

    Table 76. Ceradyne Soldier Modernization Product

    Table 77. Ceradyne Revenue in Soldier Modernization Business (2018-2023) & (US$ Million)

    Table 78. Ceradyne Recent Development

    Table 79. Rheinmetall Defense Company Detail

    Table 80. Rheinmetall Defense Business Overview

    Table 81. Rheinmetall Defense Soldier Modernization Product

    Table 82. Rheinmetall Defense Revenue in Soldier Modernization Business (2018-2023) & (US$ Million)

    Table 83. Rheinmetall Defense Recent Development

    Table 84. Thales Group Company Detail

    Table 85. Thales Group Business Overview

    Table 86. Thales Group Soldier Modernization Product

    Table 87. Thales Group Revenue in Soldier Modernization Business (2018-2023) & (US$ Million)

    Table 88. Thales Group Recent Development

    Table 89. FLIR Systems Inc Company Detail

    Table 90. FLIR Systems Inc Business Overview

    Table 91. FLIR Systems Inc Soldier Modernization Product

    Table 92. FLIR Systems Inc Revenue in Soldier Modernization Business (2018-2023) & (US$ Million)

    Table 93. FLIR Systems Inc Recent Development

    Table 94. Harris Corporation Company Detail

    Table 95. Harris Corporation Business Overview

    Table 96. Harris Corporation Soldier Modernization Product

    Table 97. Harris Corporation Revenue in Soldier Modernization Business (2018-2023) & (US$ Million)

    Table 98. Harris Corporation Recent Development

    Table 99. Research Programs/Design for This Report

    Table 100. Key Data Information from Secondary Sources

    Table 101. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Soldier Modernization Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Soldier Modernization Market Share by Type: 2022 VS 2029

    Figure 3. C4ISR Features

    Figure 4. Lethality Features

    Figure 5. Survivability Features

    Figure 6. Sustainability Features

    Figure 7. Mobility Features

    Figure 8. Global Soldier Modernization Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 9. Global Soldier Modernization Market Share by Application: 2022 VS 2029

    Figure 10. Army Case Studies

    Figure 11. Navy Case Studies

    Figure 12. Air Force Case Studies

    Figure 13. Soldier Modernization Report Years Considered

    Figure 14. Global Soldier Modernization Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 15. Global Soldier Modernization Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 16. Global Soldier Modernization Market Share by Region: 2022 VS 2029

    Figure 17. Global Soldier Modernization Market Share by Players in 2022

    Figure 18. Global Top Soldier Modernization Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Soldier Modernization as of 2022)

    Figure 19. The Top 10 and 5 Players Market Share by Soldier Modernization Revenue in 2022

    Figure 20. North America Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. North America Soldier Modernization Market Share by Country (2018-2029)

    Figure 22. United States Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. Canada Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. Europe Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. Europe Soldier Modernization Market Share by Country (2018-2029)

    Figure 26. Germany Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. France Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. U.K. Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Italy Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Russia Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Nordic Countries Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Asia-Pacific Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Asia-Pacific Soldier Modernization Market Share by Region (2018-2029)

    Figure 34. China Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Japan Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. South Korea Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Southeast Asia Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. India Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Australia Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Latin America Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Latin America Soldier Modernization Market Share by Country (2018-2029)

    Figure 42. Mexico Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Brazil Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Middle East & Africa Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Middle East & Africa Soldier Modernization Market Share by Country (2018-2029)

    Figure 46. Turkey Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 47. Saudi Arabia Soldier Modernization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 48. BAE Systems Revenue Growth Rate in Soldier Modernization Business (2018-2023)

    Figure 49. General Dynamics Corporation Revenue Growth Rate in Soldier Modernization Business (2018-2023)

    Figure 50. Safran Group Revenue Growth Rate in Soldier Modernization Business (2018-2023)

    Figure 51. Raytheon Company Revenue Growth Rate in Soldier Modernization Business (2018-2023)

    Figure 52. Elbit Systems Ltd Revenue Growth Rate in Soldier Modernization Business (2018-2023)

    Figure 53. Ceradyne Revenue Growth Rate in Soldier Modernization Business (2018-2023)

    Figure 54. Rheinmetall Defense Revenue Growth Rate in Soldier Modernization Business (2018-2023)

    Figure 55. Thales Group Revenue Growth Rate in Soldier Modernization Business (2018-2023)

    Figure 56. FLIR Systems Inc Revenue Growth Rate in Soldier Modernization Business (2018-2023)

    Figure 57. Harris Corporation Revenue Growth Rate in Soldier Modernization Business (2018-2023)

    Figure 58. Bottom-up and Top-down Approaches for This Report

    Figure 59. Data Triangulation

    Figure 60. Key Executives Interviewed