Aviation News
Press release distribution service
Home > Aviation News & Resources
Aviation Industry
  • Aviation News
  • Business Aviation
  • Commercial Aviation
  • Defense
  • Submit News

    Watch Aviation News

  • Airbus News
  • Airlines News
  • Airport News
  • Aviation News
  • Boeing News

  • Soldier System MarketÂ’s Oppportunities and Challenges

     



    (Aviation-NewsWire.Com, November 15, 2019 ) The soldier system market was valued at USD 9.08 billion in 2017 and is projected to reach USD 14.14 billion by 2023, at a CAGR of 7.65% during the forecast period from 2018 to 2023.



    Development and incorporation of advanced technologies to overcome deficiencies of the existing soldier systems



    Companies dealing in soldier systems market across the globe are continuously working for the development of a number of cutting-edge technologies in the field of communication and intelligence to enable troops to function quickly and smartly in battlefields. These companies are carrying out R&D activities for the development of new and innovative technologies to address the identified gaps in soldier systems, thereby supporting the operational effectiveness of soldiers.



    Download Free PDF Brochure @

    https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=137230260



    The companies developing modern soldier systems are emphasizing the development of integrated modular soldier systems to overcome the above-mentioned deficiencies of the existing soldier systems. These integrated modular soldier systems are being designed to improve command execution, target acquisition, and situational awareness for soldiers in battlefields, thereby offering a growth opportunity for the manufacturers of various components and subsystems of soldier systems. Countries of South Asia and the Middle East are the emerging pockets for the soldier systems market as these countries are continuously facing cross-border terrorism due to regional disputes and hence, need high-tech integrated suites for their soldiers.



    Lack of clarity and technology readiness



    Without a clear technology strategy, the soldier modernization programs might fail to achieve their objectives. Presently, most of the countries of the world are not clear about their combat requirements due to continuously changing warfare scenarios. Moreover, there is a gap between the expected performance of technologies and their availability.



    This lack of technological readiness impacts the progress of the ongoing soldier modernization programs, which are based on the total system approach (modern equipment is acquired as a single kit). This is expected to have an adverse impact on the soldier system market. Most of the soldier modernization programs carried out in the European region followed total system approach and as such, suffered from significant delays in their implementation, thereby leading to the reconsideration of these programs by the governments of their respective countries. This is due to low clarity with respect to long-term combat requirements of countries and the inability of technologies to meet their expected performance requirements. A very few initiatives, which involved a close collaboration between militaries and industry experts have succeeded in this domain. FELIN, which is a soldier modernization program of France, is the most successful program of all programs adopted by different countries that followed the total system approach. The success of this soldier modernization program can be attributed to the effectiveness of its supplier, Safran to meet various end-use and operational requirements of soldier systems, which include protection, mobility, weapon use, autonomy, observation, communication, and command.



    However, governments of countries such as India, South Korea, and Brazil have identified the challenges that pioneers of soldier modernization programs have faced and as such, have opted for the incremental approach, which involved modernization of soldier systems in different phases, to guarantee a sustained procurement process to avoid extended delays in modernizing their soldier systems.



    About MarketsandMarkets™



    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



    Contact:

    Mr. Shelly Singh

    MarketsandMarkets™ INC.

    630 Dundee Road

    Suite 430

    Northbrook, IL 60062

    USA : 1-888-600-6441

    sales@marketsandmarkets.com

    MarketsandMarkets™

    Mr. Shelly Singh

    1-888-600-6441

    raviraj.tak@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Aviation News & Resources

    Aviation Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Governing
    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    Aviation-Newswire.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    Aviation-NewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC