The Global Soldier Modernization Market 2014-2024 Reportstack Reportstack Contact contactus@reportstack.com
Summary “The Global Soldier Modernization Market 2014-2024” offers the reader detailed analysis of the global soldier modernization market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts. The soldier modernization market is going through rapid technological developments with major innovations in the fields of networked soldier technology and future soldier outfit modernization. The defense procurement agencies of various countries are constantly updating the various manufacturers on potential future requirements in fields of lethality, survivability, C4ISR, sustainability and mobility. This makes it absolutely essential for the leading military nations of the world to routinely invest in science and technology as well as research and development in order to ensure they maintain their technological edge. Given these factors, the demand for soldier modernization solutions will be driven by the continual digitization of the modern battlefield where many nations are fielding infantry who are capable of utilizing tools such as advanced navigation, as well as communication and targeting equipment. “The Global Soldier Modernization Market 2014-2024” provides detailed analysis of the current industry size and growth expectations from 2014 to 2024, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas. Reportstack Contact contactus@reportstack.com
Key Features and Benefits ďƒź The report provides detailed analysis of the market for soldier modernization systems during 2014-2024, including the factors that influence why countries are investing or cutting expenditure on soldier modernization. It provides detailed expectations of growth rates and projected total expenditure.
ďƒź A significant number of countries are investing in the development of their domestic
solider modernization industry by establishing strategic alliances and technology transfer agreements with established global manufacturers. In addition to improving the indigenous capabilities of a domestic firm, this provides the foreign company with an opportunity to cater to a new market. Partnerships between countries that possess an advanced defense industrial base, such as US and India, aid the mutual sharing of advanced technology.
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Key Market Issues ďƒ˜
Followed by the recent US and Eurozone economic crisis, numerous countries around the world have implemented serious austerity measures on their defense budgets during the last two to three years. This has adversely affected the progress of many nations' soldier modernization programs which were underway as well as resulted in reconsiderations among countries with planned programs. The militaries have widely adopted troop downsizing as an immediate effort of cost cutting which is negatively affecting the economies of scale of the orders for new soldier kits as part of total soldier modernization programs. Troop downsizing can be observed among numerous major militaries including the US, the UK, France, Germany, Spain, Italy, and South Korea. Some of the major examples for defense ministries cutting down on their soldier modernization spending include the delays and scarcity of funds for the Land Warrior Program in the US and reduction of orders for soldier kits by France and the UK.
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Reducing the weight of soldier equipment without compromising protection and combat performance is a key challenge for the soldier modernization industry. Modernization of soldier systems to protect, mobilize and empower the soldier has resulted in an exponential increase in the total weight being carried. The combined weight of equipment prevents them from being agile, mobile and effective war fighters and lives of soldiers are being put at risk as heavy lifesaving equipment is often being left behind. Reportstack Contact contactus@reportstack.com
Key Highlights ď Ź
Most of the major militaries are undertaking their individual soldier modernization programs in order to upgrade their troops' capabilities in response to the evolving war scenarios including asymmetric warfare and fighting in urban environments. Major European countries including France, Germany, Spain and Italy are implementing their modernization programs in a total system approach; the new equipment is procured in the form of complete kits at a time. This type of procurement system has certain inherent disadvantages or weaknesses including rigidity and high complexity in programs and slower than expected technological progress which together result in program delays and cost overruns. Delay in a single module of the program affects the progress of the total kit delivery. In order to overcome this challenge, many countries are currently adopting a step by step approach known as the incremental system or a mix of the former two according to their requirements. The Canadian ISSP, Brazilian COBRA, British FIST, Australian Land 125 and South Korean Future Soldier are some of the examples for programs being implemented in an incremental or hybrid approach. In an incremental system the modernization is undertaken in phases which allow increased involvement of both, the firms under contract and militaries in order to continuously keep track of the program as well as making any necessary changes if necessary. Furthermore, this system is also expected to provide substantial cost advantages to the procuring agency by eliminating the need to invest huge amounts of funds on the program in a short period of time. Therefore, this system also reduces the risk of program failure up to a large extent. Reportstack Contact contactus@reportstack.com
Companies Mentioned
Lockheed Martin Corporation, Boeing Defense, Space and Security, General Dynamics, Raytheon, Safron Group, BAE Systems, SAIC (Science Applications International Corporation), Elbit Systems, Rheinmetall Defence Electronics, Samsung Thales, Bren-Tronics, Exelis Inc., Vectronix, Harris Corporation, Flir Systems Inc. Reportstack Contact contactus@reportstack.com
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