The Global Soldier Modernization Market 2017-2027
The Global Soldier Modernization Market 2017-2027
The report “ Global Soldier Modernization Market 2017-2027 ” offers detailed analysis of the Global Soldier Modernization Market over the next ten years , and provides market size forecasts . Global Soldier Modernization market is expected to value US $ 9.0 Billion in 2017 , and will grow at a CAGR of 4.00 %, to value US $ 13.3 Billion by 2027 . The cumulative market for global expenditure on soldier modernization will reach US $ 118.0 Billion over the forecast period . Furthermore , it covers key technological and market trends in the industry , and analyses factors influencing demand for soldier modernization .
The C4ISR segment is expected to be the largest soldier modernization market during the forecast period . The fast paced technological advancement in this domain has led to the growing demand of C4ISR based soldier modernization systems rendering earlier equipment obsolete . Driven by large scale procurement as well as upgrade programs that are being undertaken by several nations across the world , the C4ISR based systems are expected to account for the largest share of 36 % in the global market over the forecast period .
The global soldier modernization market is expected to be dominated by North America . Despite the defense budget sequestration , the region is expected to record a CAGR of 3.67 % between 2017 and 2027 . Overall , North America is projected to spend US $ 45.4 Billion on soldier modernization over the forecast period . In 2017 , regional expenditure is expected to value US $ 3.7 Billion and increase to US $ 5.4 Billion by 2027 .
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