Global Soldier Modernization Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Weapons and Ammunition, Personal Protection, Communication, Surveillance and Target Acquisition, Exoskeleton, Training and Simulation and Others.

By Technology;

Wearable Technology, Advanced Weapon Systems, Communication Systems, and Armored Systems.

By Component;

Clothing and Gear, Weapons and Ammunition, Communication Devices, and Surveillance Equipment.

By Application;

Army, Navy, and Air Force.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn608396358 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Soldier Modernization Market (USD Million), 2021 - 2031

In the year 2024, the Global Soldier Modernization Market was valued at USD 15,535.34 million. The size of this market is expected to increase to USD 19,832.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.6%.

Soldier modernization programs aim to equip soldiers with state-of-the-art gear, ranging from individual protective equipment and weapons to communication systems, sensors, and wearable technology. These initiatives seek to address emerging threats, improve situational awareness, and optimize the operational effectiveness of infantry units across diverse operational environments.

One of the primary drivers of the soldier modernization market is the evolving nature of modern warfare, characterized by complex, asymmetric threats and hybrid warfare tactics. Militaries worldwide recognize the need to equip their soldiers with the latest advancements in technology to maintain a competitive edge on the battlefield. As adversaries continue to innovate and adapt, there is a growing emphasis on equipping soldiers with integrated systems that enhance their lethality, survivability, and mobility while ensuring interoperability and connectivity within the broader military ecosystem.

Moreover, technological advancements play a pivotal role in driving innovation within the soldier modernization market. From lightweight body armor and advanced helmet systems to augmented reality displays and next-generation communication networks, advancements in materials science, electronics, and information technology enable the development of cutting-edge solutions tailored to the needs of modern warfighters. As defense budgets increase and military modernization efforts intensify, the soldier modernization market is expected to witness sustained growth, with opportunities for defense contractors and technology providers to contribute to the enhancement of soldier capabilities worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Component
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Soldier Modernization Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Evolving Threat Landscape
        2. Technological Advancements
        3. Military Modernization Initiatives
      2. Restraints
        1. Budget Constraints
        2. Integration Challenges
        3. Regulatory Hurdles
      3. Opportunities
        1. Emerging Technologies
        2. International Collaborations
        3. Enhanced Soldier Performance
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Soldier Modernization Market, By Type, 2021 - 2031 (USD Million)
      1. Weapons and Ammunition
      2. Personal Protection
      3. Communication
      4. Surveillance and Target Acquisition
      5. Exoskeleton
      6. Training and Simulation
    2. Global Soldier Modernization Market, By Technology, 2021 - 2031 (USD Million)
      1. Wearable Technology
      2. Advanced Weapon Systems
      3. Communication Systems
      4. Armored Systems
    3. Global Soldier Modernization Market, By Component, 2021 - 2031 (USD Million)
      1. Clothing and Gear
      2. Weapons and Ammunition
      3. Communication Devices
      4. Surveillance Equipment
    4. Global Soldier Modernization Market, ByApplication, 2021 - 2031 (USD Million)
      1. Army
      2. Navy
      3. Air Force
    5. Global Soldier Modernization Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BAE Systems PLC
      2. Elbit Systems Ltd
      3. Leonardo SpA
      4. Thales Group
      5. L3Harris Technologies Inc
      6. FLIR Systems Inc
      7. Ultra Electronics Holdings PLC
      8. Rheinmetall AG
      9. Safran SA
      10. Saab AB
  7. Analyst Views
  8. Future Outlook of the Market