The military load carriage systems market is anticipated to grow at a significant CAGR of 5.8% during the forecast period (2022-2028). The military makes extensive use of load transportation to transport huge loads over great distances. One of the key factors leading to the growth of the military load carriage systems market includes the placement of battle zones in hilly and rough terrain. The military load carriage systems market is also driven by the necessity to store other essential commodities, such as medications, food, communication systems, and many more.
The global military load carriage systems market is segmented based on type and system type. Based on the type, the market is sub-segmented into backpack load carriage systems and wearable load carriage systems. Among these types, the backpack load carriage segment is expected to propel the growth of the market as it is more convenient to carry more items in backpacks. The backpack load carriage system provides ample space for carrying items required in battle zones and hilly areas. Based on the system type, the market is sub-segmented into waist-mounted and shoulder-mounted.
The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in December 2019, Elbit Equipment Ltd. announced that the Dutch Ministry of Defense has given them a follow-on contract for about $65 million to deliver additional soldier systems to the Netherlands’ Armed Forces as part of the VOSS program (the Dutch program for improved operational soldier systems). The contract will be completed over the course of two years. Elbit Devices will deliver additional wearable equipment, including soldier Load Carriage and Protection (LCP) systems, under this follow-on contract. Elbit Systems is supplying the Netherlands Armed Forces with man-pack E-LynX Software Defined Radio systems, RAPTOR wearable computing units, command and control capabilities, and vehicle systems under the VOSS program.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By System Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Abbott Laboratories Inc., F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., GE Healthcare, Hologic Inc., Illumina Inc., Bio-Rad Laboratories Inc., Agilent Technologies Inc., and Cancer Diagnostic Inc., among others.
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Global Military Load Carriage Systems Market Report by Segment
By Type
- Backpack Load Carriage Systems
- Wearable Load Carriage Systems
By System Type
- Waist Mounted
- Shoulder Mounted
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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