“Invest in military modernization programs to increase the incidence of asymmetric wars and lead the military systems market”
The military systems market is expected to grow from $55.7 billion in 2016 to $7.31 billion in 2021 at a CAGR of 5.60% between 2021 and 2027. The military systems market is driven by factors such as an increase in the incidence of asymmetric warfare. Increased cross-border conflict and increased investment in soldier modernization programs.
However, reduced defense budgets in developed countries such as the United States and the United Kingdom could be a major constraint on the military systems market.
A full report of Soldier System Market available at https://www.orionmarketreports.com/soldier-system-market/50639/
Soldier System Market- Segmentation
By Product Type
• Helmets
• Vests
• Devices
By Application
• Military
• Homeland Security
In global market, the following companies are covered:
• Rheinmetall (Germany)
• Elbit Systems (Israel)
• General Dynamics (U.S.)
• Thales Group (France)
• BAE Systems (U.K.)
• Rockwell Collins (U.S.)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
