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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