The growing need to focus on reducing soldier casualties and enhancing soldier capability, is impacting positively on the growth of the market for soldier monitoring systems. The increase in terrorism and cross border insurgencies led to increase in soldier casualties, which in turn compelled the defense forces and defense contractors to develop the soldier monitoring systems. The concern to reduce soldier casualties during combat, is driving the market growth. Moreover, the global defense forces are constantly focusing on modernizing their military troops in order to enhance their strength during combat. This factor also led the soldier monitoring systems market to surge over the period.
The key factor restraining the market for soldier monitoring systems to grow over the period is the lack of technological awareness among the soldiers. The soldier monitoring systems are technologically enhanced and robust systems, which is limiting the soldiers to adopt the up graded systems, hence inhibiting the market to grow over the years. In addition, the declining defense budgets in developed nations is also impacting negatively on the market growth. This is attributed to the fact that, as declining defense budgets results in less procurement of technologically advanced systems, thus, hindering the growth of the market in the future.
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The rising need for better and efficient soldier systems in the developing nations is expected to drive the market for soldier monitoring systems in the coming years. The defense forces in the developing nations are increasing adopting these technologically advanced soldier monitoring systems in order to strengthen their armed forces and reduce casualties during combat. This factor is acting as an opportunity for the soldier monitoring systems market in the coming years.
The market for soldier monitoring systems is segmented on basis of materials, subsystems, application and geography. The different materials used to manufacture soldier monitoring systems are steel, composite ceramic, Kevlar or aramid, ultra-light weight polyethylene and others. The different subsystems of soldier monitoring systems are helmets, vests, exoskeletons, devices and advanced personal clothing. The helmets segment is sub segmented as advanced combat helmet, personal armor system for ground troop helmet, light weight helmet, and modular integrated communication helmet. The most prominent helmet segment used by the defense forces across the globe accounted for modular integrated communication helmet, while the advanced combat helmet is gaining the interest among the defense forces due to various advantages. The various types of vests on which soldier monitoring systems are integrated are interceptor body armor, personnel armor systems for ground troops, ranger body armor, and interim small arms protective over vest. The different types of devices used in soldier monitoring systems are communication devices, navigation devices, imaging devices, and respiratory protective equipment. The exoskeleton segment is further classified in to passive exoskeleton and battery powered exoskeleton.
The defense sectors and law enforcement agencies constitute the application segment in the soldier monitoring systems market. The defense forces segment is sub classifies as infantry and Special Forces, and law enforcement agencies are further classified as police and paramilitary forces. Geographically, the soldier monitoring systems market is evalued on basis of strategic regions across the globe. These region includes, North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Owing to the fact, that the U.S is investing huge amounts in order to develop robust technologies for the defense forces, the region accounted for the leading region in 2016 in soldier monitoring systems market.
The market for soldier monitoring systems includes large number of participants across the globe. The key players in the field of soldier monitoring systems are General Dynamics Corporation (U.S), Thales Group (France), Rockwell Collins (U.S), FLIR Systems (U.S), BAE Systems PLC (United Kingdom), Rheinmetall AG (Germany), Northrop Grumman Corporation (U.S), Harris Corporation (U.S), Elbit Systems (Israel), L-3 Technologies Systems and (U.S) among others.
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