Soldier Modernization Market Report Scope & Overview:

The Soldier Modernization Market Size was valued at a CAGR of 3.5% over the forecast period 2023-2030. The growing concern for the safety and security of soldiers around the world has resulted in the expansion of the Soldier Modernization Market. The market is concerned about enhanced and advanced equipment, as well as modernization strategies that can aid soldiers in military tasks. The public and government's need to safeguard front line employees such as troops and armies who protect nations throughout the world has increased the Market Value.

Soldier modernization systems include improved weapons, military vehicles, necessary supplies, and other critical objects used in conflicts and attacks. These upgraded systems are beneficial to all military platforms, including the terrestrial army, navy, and air force. To meet the demand of the defence sectors, significant actors all around the world are contributing to more advanced featured systems. Terrorist attacks, wars, violence, and conflicts are driving the Soldier Modernization Market to develop new technologies, which will result in the development of advanced systems.

Soldier Modernization Market Revenue Analysis

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  • Global Terrorism is on the rise.

  • Increasing Military R&D Programs


  • High Maintenance and Modernization Costs for Soldier Systems

  • Government Regulations Are Strict


  • The increased awareness of the need to protect soldiers boosts the Soldier Modernization Market Trends.


  • The market is occasionally challenged by a lack of modern items and systems.


During the epidemic, the military-based markets experienced varied results. When the manufacturing units were closed, the Soldier Modernization Market suffered. When the supply of raw materials was halted and the delivery process was delayed as a result of the lockdown instructions, the market suffered. Military equipment, materials, and weaponry were even delayed in transit to military agencies. All of these issues contributed to massive economic losses. However, the increased worry about military force protection will assist the industry steady its growth in the coming years. Large investments in the defence sectors boost the Market to a high CAGR value.

The evolving warfare circumstances need militaries to provide soldiers with improved technologies that assist them in adapting to the changes. Soldier systems must meet five key functional requirements: lethality, survivability, command and control, sustainment, and mobility on the battlefield. In this regard, countries are investing in the research and development of sophisticated soldier systems in order to improve their battlefield performance, acquire a tactical edge, and reduce overall unit losses. The topics covered vary from lethality and protection to mobility, command and control (C2) technology, communication, support, and search and rescue systems in a variety of land, airborne, and maritime scenarios.

The Soldier Modernization Market's purpose section is divided into sub-segments such as weaponry/ammunition, C5ISR, protection, and mobility. Weaponry/ammunition has dominated the market in recent years. This market is developing as a result of the increasing demand for updating outdated systems and the increased demand for innovative military equipment such as wearables and sensors in the military sectors.

The C5ISR segment will experience the highest CAGR value due to increased use in military operations, particularly border protection. The protection segment will be driven by an increase in demand for sophisticated ammunition to protect military personnel. Furthermore, the mobile segment will increase steadily as the requirement for swift transit facilities to convey resources to military troops accelerates the segment. The platform section of the Soldier Modernization Market is divided into three categories: airborne, naval, and land.

The airborne segment will have the highest CAGR due to increased investment in aircraft modernization by nations such as China and India. The demand for naval ship modernization by the UK Royal Navy will boost the naval section of the market. Furthermore, the land segment is regarded as the dominant segment, accounting for the largest proportion of the Soldier Modernization Market Share, owing to the increasing need for increased security and lightweight military equipment.


By Purpose

  • Weaponry or Ammunition

  • C5ISR

  • Protection

  • Mobility

By Platform

  • Airborne

  • Naval

  • Land

Soldier Modernization Market Segmentation Analysis

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The North American area is experiencing the fastest growth rate and the greatest share value of the Soldier Modernization Market Share, and it is regarded as the dominant region due to the presence of key players. The growing collaboration rate among significant European corporations is propelling the European market.

Increased military spending and conflicts in the Asia Pacific region are hastening the region. Furthermore, the rising demand for modernising aircraft in the Middle East and Africa, as well as the increased pace of buying advanced military equipment in Latin America, are pushing regional markets in these countries.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The Major Players are BAE Systems, General Dynamics Corporation, Safran Group, Raytheon Company, Elbit Systems Ltd, Ceradyne, Rheinmetall Defense, Thales Group, FLIR Systems Inc, Harris Corporation, and other players

General Dynamics Corporation-Company Financial Analysis

Soldier Modernization Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ xx Billion
Market Size by 2030 US$ xx Billion
CAGR CAGR of 3.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Platform (Airborne, Naval and Land)
• By Purpose (Weaponry/Ammunition, C5ISR, Protection, and Mobility)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles BAE Systems, General Dynamics Corporation, Safran Group, Raytheon Company, Elbit Systems Ltd, Ceradyne, Rheinmetall Defense, Thales Group, FLIR Systems Inc, Harris Corporation, and other players.
DRIVERS • Global Terrorism is on the rise.
• Increasing Military R&D Programs
RESTRAINTS • High Maintenance and Modernization Costs for Soldier Systems
• Government Regulations Are Strict

Frequently Asked Questions

The growth rate of the Soldier Modernization Market is 3.5% over the forecast period 2023-2030.

Rising global terrorism and increasing investment in the R&D programs of military are the driving factors of the Soldier Modernization Market.

The key players of the Soldier Modernization Market are BAE Systems, General Dynamics Corporation, Safran Group, Raytheon Company, Elbit Systems Ltd, Ceradyne, Rheinmetall Defense, Thales Group, FLIR Systems Inc, and Harris Corporation.

Soldier Modernization Market is segmented into two types: By purpose and By Platform

North America region dominated the Soldier Modernization Market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Soldier Modernization Market Segmentation, By Purpose

8.1 Weaponry or Ammunition

8.2 C5ISR

8.3 Protection

8.4 Mobility

9. Soldier Modernization Market Segmentation, by Platform

9.1 Airborne

9.2 Naval

9.3 Land

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11. Company Profiles

11.1 BAE Systems

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 General Dynamics Corporation

11.3 Safran Group

11.4 Raytheon Company

11.5 Elbit Systems Ltd

11.6 Ceradyne,

11.7 Thales Group

11.8 FLIR Systems Inc

11.9 Harris Corporation

11.10 Rheinmetall Defense

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share Analysis

12.3 Recent Developments

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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