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The Global Soldier Modernization Market 2015–2025 Single Copy Price: $4,800

The Global Soldier Modernization Market

2015–2025

Reference Code: DF0066SR

Published: May 2015

Report Price: US$ 4,800 (Single Copy)


Summary

“The Global Soldier Modernization Market 2015–2025” report 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 global Soldier Modernization programs market is expected to value US$XX billion in 2015 and increase at

a CAGR of XX% to reach US$XX billion by 2025. The market consists of five soldier modernization

categories: C4ISR, lethality, survivability, mobility, and sustainability. The C4ISR segment is expected to

account for XX% of the global soldier modernization market, followed by lethality and survivability based

soldier modernization systems, with shares of XX% and XX% respectively. Over the forecast period, the

cumulative global expenditure on soldier modernization systems is expected to reach US$XX billion.

“The Global Soldier Modernization Market 2015–2025” provides detailed analysis of the current industry size

and growth expectations from 2015 to 2025, including highlights of key growth stimulators. It also benchmarks

the industry against key global markets and provides a detailed understanding of emerging opportunities in

specific areas.

Key Findings

The global soldier modernization market is estimated to value US$XX billion in 2015 and is expected to reach

US$XX billion by 2025. Defense ministries are striving to outfit infantry soldiers with modern equipment that is

highly modular and can be customized according to changing mission requirements. Cumulatively, the global

market for soldier modernization is expected to value US$XX billion during the forecast period. The market is

expected to be dominated by North America, followed by Asia-Pacific and Europe. In terms of categories,

lethality based soldier modernization systems are expected to account for the highest proportion of spending

in the global soldier modernization market, followed by C4ISR based systems and survivability based

systems.

Key Features and Benefits

The report provides detailed analysis of the Soldier Modernization market during 2015–2025, including the

factors that influence why countries are investing on enhancing the effectiveness of their soldiers. It provides

detailed expectations of growth rates and projected total expenditure. The report will also provide a deep

qualitative analysis of the global Soldier Modernization sector covering sections including demand drivers,

SWOT, industry trends, latest technological developments, among others. The major programs section will

inform the user about programs being undertaken within the global Soldier Modernization departments in

different segments of the market.

The market is expected to be dominated by countries in the North America, followed by Asia Pacific and

Europe. Market saturation in the US and higher CAGR growth of the Asian countries during the forecast

period are anticipated to be the major reasons for the emergence of the Asia Pacific region as the fast growing

Soldier Modernization market. The North American market, which was historically the stronghold of the global

soldier modernization sector, has witnessed low growth rate over the last few years owing to the after effects

of the global economic downturn and the resultant budget sequestration measures undertaken by the

government.


1 Global Soldier Modernization Market Size and Drivers

1.1 Soldier Modernization Market Size and Forecast 2015–2025

1.1.1 Global soldier modernization market to show positive growth during the forecast period

The global Soldier Modernization programs market is expected to value US$XX billion in 2015 and increase at

a CAGR of XX% to reach US$XX billion by 2025. The market consists of five soldier modernization categories:

C4ISR, lethality, survivability, mobility, and sustainability. The C4ISR segment is expected to account for XX%

of the global soldier modernization market, followed by lethality and survivability based soldier modernization

systems, with shares of XX% and XX% respectively. Over the forecast period, the cumulative global

expenditure on soldier modernization systems is expected to reach US$XX billion.

The chart below shows the expected Soldier Modernization market value during 2015–2025:

Figure 1: Global Soldier Modernization Market (US$ Billion), 2015–2025

Source: SDI analysis © SDI

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1.2 Global Soldier Modernization Market – Regional Analysis

1.2.1 North America is expected to lead the global soldier modernization market

During the forecast period, North America is expected to dominate the global soldier modernization market,

with a total share of XX%. Although the US has announced defense budget cuts influenced by an austere

fiscal policy, and the soldier modernization market is expected to be robust throughout the forecast period.

One of the primary reasons for this is the January 2012 declaration of the US Department of Defense (DoD),

stating the US Army’s desire to prepare for a smaller but better equipped infantry. According to the 2016 US

Defense Review, the army plans to reduce active component soldiers to XX soldiers by the end of 2018.

However, the US DoD is expected to continue upgrading its existing capabilities in order to remain the

dominant land force globally. The army's fiscal year 2016 Equipment Modernization Plan also prioritizes the

modernization of war fighters, with a focus on providing technologically advanced soldier modernization

systems, enabling mission command, and preparing soldiers for a large conflict. As such, the plan protects

science and technology investment, to further develop and mature technologies to support the army’s next

generation soldier capabilities. Due to these mandates, North America is the leading spender in the soldier

modernization sector and is expected to continue in this position during the forecast period. However, with

major spenders such as China and India, Asia comes in at a close second with XX%. The major reasons for

this are the ongoing armed forces expansion and modernization programs, and large troop sizes.

The table below gives a brief overview of the global Soldier Modernization market:

Table 1: Global Soldier Modernization Market Overview

Region Market in 2015 Market in 2025 Total Market (2015–2025)

Annualized growth/decline

(2015–2025)

Asia-Pacific US$XX billion US$XX billion US$XX billion XX%

North America US$XX billion US$XX billion US$XX billion XX%

Europe US$XX billion US$XX billion US$XX billion XX%

Middle East US$XX billion US$XX billion US$XX billion XX%

Latin America US$XX billion US$XX billion US$XX billion XX%

Africa US$XX billion US$XX billion US$XX billion XX%

Total Soldier Modernization Market US$XX billion US$XX billion US$XX billion XX%



The following chart shows the regional breakdown of the global Soldier Modernization market:

Figure 2: Soldier Modernization Market Breakdown by Region (%), 2015–2025


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2 SWOT Analysis of the Soldier Modernization Market

Table 2: SWOT Analysis of the Soldier Modernization market

Source: SDI Analysis © SDI

Strengths

Weaknesses

Opportunities

Threats


3 Country Analysis – Soldier Modernization Market

3.1 United States Market Size and Forecast 2015–2025

The US is expected to retain its dominant position in the soldier modernization market, with a market share of

XX% during the forecast period. Despite the defense budget cuts and low overall military budget growth, the

country’s soldier modernization sector is expected to post moderate growth of XX% over the next decade.

Soldier modernization is stated as a top priority in the army's fiscal year 2016 Equipment Modernization Plan,

with much importance given to enhancing the soldier for broad joint mission support, enabling mission

command, and preparing soldiers for joint arms maneuver. Joint mission support involves investment in the

procurement and integration of weapons, optics, fire control, and robotic squad augmentation, to improve

lethality, survivability and situational awareness. Ensuring mission command is expected to result in increased

spending on the connectivity of soldiers with teams, and on providing information whenever needed, while

reducing weight of the equipment and improving the security and adaptability of networks. Preparing soldiers

for joint arms maneuver will require an increase in investment in technologies and capabilities such as

precision munitions and unmanned aircraft systems, ensuring soldiers remain prepared for decisive action.

Technologies that reduce the logistics footprint and increase efficiency while increasing lethality, mobility,

protection, and deployability are expected to be prioritized during the forecast period.

Although budget cuts and the threat of sequestration are expected to be key challenges for the soldier

modernization market, spending on the sector is expected to witness sustained spending and resultant growth

over the forecast period. The next generation of soldier modernization equipment, such as flexible warfighter

information network capability, joint tactical radio systems, weapon sights, night vision devices, and lightweight

load carrying equipment are now driving new technology development. The demand for C4ISR driven soldier

modernization technology, allowing real time battle space awareness, is the major focus, causing higher

spending on research, development, and procurement in the soldier modernization sector. Cumulatively, the

US government is expected to spend US$XX billion on soldier modernization during the forecast period.

The table below gives a brief overview of the US Soldier Modernization market:

Table 3: US Soldier Modernization Market Overview

Category Market in 2015 Market in 2025 Total Market (2015–2025)

Annualized growth/decline

(2015–2025)

C4ISR US$XX million US$XX billion US$XX billion XX%

Lethality US$XX million US$XX billion US$XX billion XX%

Survivability US$XX million US$XX billion US$XX billion XX%

Sustainability US$XX million US$XX billion US$XX billion XX%

Mobility US$XX million US$XX billion US$XX billion XX%

Total soldier modernization market US$XX million US$XX billion US$XX billion XX%



The chart below shows the Soldier Modernization market size in the US between 2015 and 2025:

Figure 3: Soldier Modernization Market in the US (US$ Billion), 2015–2025


The table below shows the key US Soldier Modernization programs:

Table 4: Key US Soldier Modernization Programs

Program/Equipment Name

Type Quantity Procured

Supplier/Country Delivery Period

Total Contract Value

Warfighter Information Network - Tactical (WIN-

T) C4ISR - General Dynamics 2008-2025 US$XX billion

Joint Tactical Radio System

C4ISR - - 2015-2025 US$XX billion

Family of Weapons Sights (FWS)

Lethality - - 2015-2025 US$XX billion

Ordnance Items Lethality – Raytheon 2014-2025 US$XX billion


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The following chart shows the category break–up of the Soldier Modernization market in the US from 2015–

2025:

Figure 4: Soldier Modernization Market Split By Category in the US (%), 2015–2025


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MRAP IFV APC LMV MBT Tactical Truck


Report Methodology

Strategic Defense Intelligence (SDI) dedicated research and analysis teams consist of experienced

professionals with a background in industry research and consulting in the defense sector. The market size is

derived by consolidating ongoing procurement programs, modernization initiatives, and future procurement

plans, utilizing information gathered through primary and secondary sources. Forecasting is conducted based

on the lifetime of current inventory levels, suitability/need of the weapon category for a specific country, budget

availability, and opinion of leading industry experts. The following research methodology is followed for all

databases and reports.

Secondary Research

The research process begins with exhaustive secondary research to source reliable qualitative and

quantitative information related to the Soldier Modernization market. The secondary research sources that are

typically referred to include, but are not limited to:

Globally renowned think tanks

Industry associations

National government documents and statistical databases

Company websites, annual reports, financial reports, broker reports, and investor presentations

Industry trade journals and other literature

Internal and external proprietary databases

News articles, press releases, and webcasts specific to the companies operating in the market

Primary Research

SDI conducts hundreds of primary interviews a year with industry participants and commentators in order to

validate its data and analysis. A typical research interview fulfils the following functions:

Provides first-hand information on market size, market trends, growth trends, competitive landscape,

and future outlook.

Helps to validate and strengthen secondary research findings.

Further develops the analyses team’s expertise and market understanding.

The participants who typically take part in such a process include, but are not limited to:

Industry participants: CEOs, VPs, business development managers, market intelligence managers,

and national sales managers.

External experts: investment bankers, valuation experts, research analysts, and key opinion leaders

specializing in defense markets.


Conventions

Currency conversions are performed on the basis of average annual conversion rate format

calculations.

All the values in tables, with the exception of compounded annual growth rate (CAGR) and

compounded annual rate of change (CARC) are displayed to one decimal place. Growth rates may,

therefore, appear inconsistent with absolute values due to this rounding method.

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The Global Armored Vehicles and MRO Market 2015–2025


TABLE OF CONTENTS

1 Introduction ......................................................................................................................... 12

1.1 What is this Report About? ............................................................................................................. 12

1.2 Definitions ...................................................................................................................................... 12

1.3 Summary Methodology ................................................................................................................... 14

1.4 About Strategic Defence Intelligence .............................................................................................. 15

2 Executive Summary ............................................................................................................ 16

3 Global Soldier Modernization Market Size and Drivers .................................................... 18

3.1 Soldier Modernization Market Size and Forecast 2015–2025 ......................................................... 18

3.1.1 Global soldier modernization market to show positive growth over the forecast period ...........................18

3.2 Global Soldier Modernization Market – Regional Analysis .............................................................. 19

3.2.1 North America is expected to lead the global soldier modernization market ............................................19

3.2.2 Demand for C4ISR, and survivability capabilities in the US to support the global soldier modernization

market ...................................................................................................................................................................21

3.2.3 Asia Pacific region to be the one of the most attractive markets for Soldier modernization over the

forecast period .......................................................................................................................................................22

3.2.4 European soldier modernization market expected to increase despite defense budget pressures .........23

3.2.5 The Middle Eastern market to increase at a CAGR of XX% during the forecast period ...........................24

3.2.6 The soldier modernization market in Latin America expected to register a robust growth over the forecast

period 25

3.2.7 Markets in Africa expected to increase over the forecast period ..............................................................26

3.3 Soldier Modernization Sub–Sector Market Size Composition ......................................................... 27

3.3.1 Market size of C4ISR segment expected to grow at a CAGR of XX% over the forecast period ..............27

3.3.2 Market size of lethality based soldier modernization systems expected to rise at a CAGR of XX% over

the forecast period .................................................................................................................................................29

3.3.3 Survivability market to gather momentum at the global level over the forecast period.............................31

3.3.4 Mobility expected to account for a considerable share during the forecast period ...................................33

3.3.5 Market for sustainability based soldier modernization systems expected to grow at a CAGR of XX%

during the forecast period ......................................................................................................................................34

3.4 Demand Drivers and Growth Stimulators ........................................................................................ 35

3.4.1 Technological innovations driving the soldier modernization market ........................................................35

3.4.2 Rapidly evolving battlefield scenarios driving soldier modernization industry ..........................................35

3.4.3 Downsizing troop numbers and focus on effectiveness ............................................................................36

3.5 Defense Budget Spending Review ................................................................................................. 37

3.5.1 North American defense expenditure projected to decline marginally during the forecast period............37

3.5.2 Asian defense budgets expected to increase at a robust pace ................................................................38

3.5.3 European capital expenditure expected to increase during the forecast period .......................................39


3.5.4 Modernization programs likely to drive defense expenditure in South American countries .....................40

3.5.5 Military budgets of African countries expected to increase during the forecast period .............................41

3.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period ....................42

3.6 Defense Modernization Review ...................................................................................................... 43

3.6.1 Financial constraints causing delays in European defense modernization programs ..............................43

3.6.2 Defense budgets of Asian countries likely to be driven by competitive arms acquisitions .......................43

3.6.3 Global economic slowdown leading to defense budget cuts in the North American region .....................44

3.6.4 Need to replace aging equipment driving South American defense expenditure .....................................44

3.6.5 Security threats increasing the defense budget of African countries ........................................................44

3.6.6 Demand for soldier modernization systems is likely to increase in the Middle East .................................45

4 Industry Trends, Recent Developments and Challenges ................................................. 46

4.1 Technological Developments .......................................................................................................... 46

4.1.1 Liquid armor technology to provide lighter and better protection ..............................................................46

4.1.2 Tactilus electronic sensor system to reduce weight carried by soldiers and increase tactical ability at the

same time ..............................................................................................................................................................46

4.1.3 Countries are investing in developing next generation combat helmets ...................................................47

4.1.4 Trinity series of portable alternative energy hybrid solutions to power soldier modernization equipment in

the future ................................................................................................................................................................47

4.1.5 DARPA’s Metabolically Dominant Soldier program to revolutionize soldier modernization .....................48

4.2 Market Trends ................................................................................................................................ 49

4.2.1 Greater focus on solar powered soldier systems ......................................................................................49

4.2.2 Portable electronic systems to be in demand ...........................................................................................49

4.3 Industry Consolidation .................................................................................................................... 50

4.3.1 Growing importance of product focused partnerships ..............................................................................50

4.3.2 Companies are expected to consolidate in the face of global defense budget cuts .................................51

4.4 Key Challenges .............................................................................................................................. 52

4.4.1 Soldier modernization programs plagued by budget cuts and delayed decision making .........................52

4.4.2 Reducing the burden of soldiers poses a key challenge for the soldier modernization market ................52

5 SWOT Analysis of the Soldier Modernization Market ...................................................... 53

5.1 Strengths ........................................................................................................................................ 54

5.1.1 Spread of asymmetric warfare across the globe and the resultant focus on soldier protection ...............54

5.1.2 High soldier casualty rates in conflicts and widespread awareness to support the soldier modernization

market ...................................................................................................................................................................54

5.1.3 Technological advancements driving the market for soldier modernization .............................................55

5.2 Weaknesses ................................................................................................................................... 56

5.2.1 Rising unit costs of improved soldier systems ..........................................................................................56

5.2.2 Conflict between weight of equipment and mobility of soldiers ................................................................56


5.3 Opportunities .................................................................................................................................. 57

5.3.1 Demand for Exoskeletons to witness high growth ....................................................................................57

5.3.2 Advanced powering systems to be in demand .........................................................................................57

5.4 Threats ........................................................................................................................................... 59

5.4.1 US and European economic crisis ............................................................................................................59

5.4.2 Project delays and defense budget cuts ...................................................................................................59

6 Country Analysis – Soldier Modernization Market ........................................................... 60

6.1 United States Market Size and Forecast 2015–2025 ...................................................................... 61

6.1.1 C4ISR based equipment expected to account for the largest share of the US soldier modernization

expenditure ............................................................................................................................................................64

6.1.2 Demand for survivability equipment expected to increase during the forecast period .............................66

6.1.3 Lethality expected to be the third largest spend category in the US .........................................................67

6.2 Russia Market Size and Forecast 2015–2025 ................................................................................ 69

6.2.1 C4ISR segment expected to register a CAGR of XX% during the forecast period...................................72

6.2.2 Russia expected to allocate US$XX billion towards the acquisition of survivability systems ...................73

6.3 UK Market Size and Forecast 2015–2025 ...................................................................................... 74

6.3.1 C4ISR expected to account for the largest segment of the UK soldier modernization market .................77

6.3.2 Significant emphasis on soldier protection to drive spending on survivability segment ...........................78

6.3.3 FIST program to drive expenditure in lethality soldier modernization market ...........................................79

6.4 France Market Size and Forecast 2015–2025 ................................................................................ 80

6.4.1 C4ISR segment to occupy XX% of the French soldier modernization market ..........................................83

6.4.2 Lethality soldier modernization market of France to grow at an anticipated CAGR of XX% during 2015-

2025 ...................................................................................................................................................................84

6.4.3 FELIN program to drive the survivability soldier modernization market during the forecast period ..........85

6.5 China Market Size and Forecast 2015–2025 .................................................................................. 86

6.5.1 Expenditure on lethality based systems to dominate Chinese soldier modernization expenditure ..........89

6.5.2 China’s expenditure on C4ISR systems to grow at XX% over the forecast period...................................90

6.6 India Market Size and Forecast 2015–2025 ................................................................................... 91

6.6.1 Procurement of lethality based soldier modernization systems driven by the urgent need to modernize

outdated small arms ..............................................................................................................................................94

6.6.2 C4ISR to garner second highest share of India’s soldier modernization investment over the forecast

period ...................................................................................................................................................................95

6.6.3 Soldier survivability systems to account for third largest spending over the forecast period ....................96

6.7 Australian Market Size and Forecast 2015–2025 ........................................................................... 96

6.7.1 Australia to focus more on protection under soldier modernization program .........................................100

6.7.2 Australia to spend significantly on developing battle space communication system over forecast period

101

6.8 Saudi Arabia Market Size and Forecast 2015–2025 ..................................................................... 102


6.8.1 C4ISR to account for the largest segment in Saudi Arabian market ......................................................104

6.8.2 Lethality to comprise the second largest area of spending on Saudi Arabian soldier modernization

systems ................................................................................................................................................................105

6.9 Israel Market Size and Forecast 2015-2025 ................................................................................. 106

6.9.1 C4ISR expected to dominate the Israeli soldier modernization market ..................................................108

6.9.2 Israeli MoD expected to spend considerably on enhancing its soldiers’ battlefield survivability ............109

6.10 Brazil Market Size and Forecast 2015–2025 ................................................................................ 110

6.10.1 Brazil is expected to spend significantly on C4ISR based soldier modernization systems ....................113

6.10.2 Lethality to account for the second highest proportion of expenditure by Brazil on soldier modernization

114

6.10.3 Brazilian survivability based soldier modernization procurement to be driven by COBRA program ......115

6.11 South Africa Market Size and Forecast 2015–2025 ...................................................................... 116

6.11.1 C4ISR based soldier modernization market to increase during the forecast period ...............................119

7 Major Soldier Modernization Programs ........................................................................... 120

7.1 C4ISR........................................................................................................................................... 120

7.1.1 US - Joint Tactical Radio System (JTRS) Program ................................................................................120

7.1.2 US - The Nett Warrior (NW) Program .....................................................................................................121

7.1.3 France – CONTACT (Communications Numeriques TACtiqueset de Theatre) .....................................122

7.2 Lethality ........................................................................................................................................ 123

7.2.1 France - Arme Individuelle Future (AIF) program ...................................................................................123

7.2.2 India - F-INSAS (Stage 1) .......................................................................................................................124

7.2.3 US - Family of Weapons Sights (FWS) ...................................................................................................125

7.3 Survivability .................................................................................................................................. 126

7.3.1 UK - Future infantry soldier technology (FIST) program .........................................................................126

7.3.2 Australia - Land 125 (Phase-3B) .............................................................................................................127

7.3.3 US - Night Vision Devices and Thermal Weapon Sights Procurement ..................................................128

7.4 Sustainability ................................................................................................................................ 129

7.4.1 US - The Mobile Maintenance Equipment Systems (MMES) program ...................................................129

7.4.2 US - Mobile Soldier Power ......................................................................................................................130

7.5 Mobility ......................................................................................................................................... 131

7.5.1 US - Human Universal Load Carrier (HULC) Procurement ....................................................................131

7.5.2 India - Modular Individual Load Carrying Equipment ..............................................................................132

8 Competitive Landscape and Strategic Insights .............................................................. 133

8.1 Competitive Landscape overview ................................................................................................. 133

8.1.1 Ceradyne Inc.: Overview .........................................................................................................................133

8.1.2 Ceradyne Inc.: Products and Services ....................................................................................................133

8.1.3 Ceradyne Inc.: Alliances..........................................................................................................................134


8.1.4 Ceradyne Inc.: Recent Contract Wins .....................................................................................................134

8.1.5 ArmorSource: Overview ..........................................................................................................................135

8.1.6 ArmorSource: Products and Services .....................................................................................................135

8.1.7 ArmorSource: Alliances ...........................................................................................................................135

8.1.8 ArmorSource: Recent Contract Wins ......................................................................................................136

8.1.9 General Dynamics: Overview ..................................................................................................................136

8.1.10 General Dynamics: Products and Services.............................................................................................136

8.1.11 General Dynamics: Alliances ..................................................................................................................137

8.1.12 General Dynamics: Recent Contract Wins ..............................................................................................137

8.1.13 General Dynamics: Financial Analysis ....................................................................................................138

8.1.14 Raytheon: Overview ................................................................................................................................140

8.1.15 Raytheon: Products and Services ...........................................................................................................140

8.1.16 Raytheon: Alliances .................................................................................................................................140

8.1.17 Raytheon: Recent Contract Wins ............................................................................................................140

8.1.18 Raytheon: Financial Analysis ..................................................................................................................141

8.1.19 Safran Group: Overview ..........................................................................................................................143

8.1.20 Safran Group: Products and Services .....................................................................................................143

8.1.21 Safran Group: Alliances ..........................................................................................................................143

8.1.22 Safran Group: Recent Contract Wins ......................................................................................................144

8.1.23 Safran Group: Financial Analysis ............................................................................................................144

8.1.24 BAE Systems: Overview .........................................................................................................................145

8.1.25 BAE Systems: Products and Services ....................................................................................................146

8.1.26 BAE Systems: Alliances ..........................................................................................................................146

8.1.27 BAE Systems: Recent Contract Wins .....................................................................................................147

8.1.28 BAE Systems: Financial Analysis ...........................................................................................................148

8.1.29 Science Applications International Corporation (SAIC): Overview .........................................................149

8.1.30 Science Applications International Corporation (SAIC): Products and Services ....................................149

8.1.31 Science Applications International Corporation (SAIC): Recent Contract Wins .....................................150

8.1.32 Elbit Systems: Overview ..........................................................................................................................150

8.1.33 Elbit Systems: Products and Services ....................................................................................................150

8.1.34 Elbit Systems: Alliances ..........................................................................................................................151

8.1.35 Elbit Systems: Recent Contract Wins .....................................................................................................151

8.1.36 Elbit Systems: Financial Analysis ............................................................................................................151

8.1.37 Rheinmetall Defence: Overview ..............................................................................................................153

8.1.38 Rheinmetall Defence: Products and Services .........................................................................................153

8.1.39 Rheinmetall Defence: Alliances ..............................................................................................................154

8.1.40 Rheinmetall Defence: Recent Contract Wins ..........................................................................................154

8.1.41 Rheinmetall Defence: Financial Analysis ................................................................................................155


8.1.42 Thales: Overview .....................................................................................................................................157

8.1.43 Thales: Products and Services ...............................................................................................................157

8.1.44 Thales: Alliances .....................................................................................................................................157

8.1.45 Thales: Recent Contract Wins ................................................................................................................157

8.1.46 Thales: Financial Analysis .......................................................................................................................158

8.1.47 Bren-Tronics: Overview ...........................................................................................................................160

8.1.48 Bren-Tronics: Products and Services ......................................................................................................160

8.1.49 Bren-Tronics: Alliances ...........................................................................................................................160

8.1.50 Bren-Tronics: Recent Contract Wins .......................................................................................................162

8.1.51 Exelis Inc.: Overview ...............................................................................................................................162

8.1.52 Exelis Inc.: Products and Services ..........................................................................................................162

8.1.53 Exelis Inc.: Alliances ................................................................................................................................163

8.1.54 Exelis Inc: Recent Contract Wins ............................................................................................................163

8.1.55 Exelis Inc.: Financial Analysis .................................................................................................................164

8.1.56 Vectonix: Overview ..................................................................................................................................165

8.1.57 Vectronix: Products and Services ...........................................................................................................165

8.1.58 Vectronix: alliances .................................................................................................................................166

8.1.59 Vectronix: Recent contract wins ..............................................................................................................166

8.1.60 Harris Corporation: Overview ..................................................................................................................166

8.1.61 Harris Corporation: Products and Services .............................................................................................166

8.1.62 Harris Corporation: alliances ...................................................................................................................167

8.1.63 Harris Corporation: Recent Contract Wins ..............................................................................................167

8.1.64 Harris Corporation: Financial Analysis ....................................................................................................168

8.1.65 FLIR Systems, Inc.: overview ..................................................................................................................170

8.1.66 FLIR Systems, Inc.: products and services .............................................................................................170

8.1.67 FLIR Systems, Inc.: recent contract wins ................................................................................................170

8.1.68 FLIR Systems: alliances ..........................................................................................................................171

8.1.69 FLIR Systems, Inc.: financial analysis .....................................................................................................171

9 Appendix ............................................................................................................................ 173

9.1 Methodology ................................................................................................................................. 173

9.2 About SDI ..................................................................................................................................... 173

9.3 Disclaimer .................................................................................................................................... 173


LIST OF FIGURES

Figure 1: Global Soldier Modernization Market (US$ Billion), 2015–2025 ........................................................................................................... 18 Figure 2: Soldier Modernization Market Breakdown by Region (%), 2015–2025 ................................................................................................. 20 Figure 3: North American Soldier Modernization Market (US$ Billion), 2015–2025 ............................................................................................. 21 Figure 4: Asia-Pacific Soldier Modernization Market (US$ Billion), 2015–2025 ................................................................................................... 22 Figure 5: European Soldier Modernization Market (US$ Billion), 2015–2025 ...................................................................................................... 23 Figure 6: Middle East Soldier Modernization Market (US$ Million), 2015–2025................................................................................................... 24 Figure 7: Latin American Soldier Modernization Market (US$ Million), 2015–2025 ............................................................................................. 25 Figure 8: African Soldier Modernization Market (US$ Million), 2015–2025 .......................................................................................................... 26 Figure 9: Soldier Modernization Market Breakdown by Segment (%), 2015–2025 .............................................................................................. 28 Figure 10: C4ISR Based Soldier Modernization Market Size (US$ Billion), 2015–2025 ...................................................................................... 28 Figure 11: Lethality Based Soldier Modernization Market Size (US$ Billion), 2015–2025 .................................................................................... 30 Figure 12: Survivability Based Soldier Modernization Market Size (US$ Billion), 2015–2025 .............................................................................. 32 Figure 13: Mobility Based Soldier Modernization Market Size (US$ Million), 2015–2025 .................................................................................... 33 Figure 14: Sustainability based Soldier Modernization Market Size (US$ Million), 2015–2025 ............................................................................ 34 Figure 15: Defense Capital Expenditure of North American Defense Spenders (US$ Billion), 2015–2025 .......................................................... 37 Figure 16: Defense Capital Expenditure of Top Three Asian Defense Spenders (US$ Billion), 2015–2025 ........................................................ 38 Figure 17: Defense Capital Expenditure of Top Three European Defense Spenders (US$ Billion), 2015–2025 .................................................. 39 Figure 18: Defense Capital Expenditure of Top Three South American Defense Spenders (US$ Billion), 2015–2025 ........................................ 40 Figure 19: Defense Capital Expenditure of Top Three African Countries (US$ Billion), 2015–2025.................................................................... 41 Figure 20: Defense Capital Expenditure of Top Three Middle Eastern Defense Spenders (US$ Billion), 2015–2025 .......................................... 42 Figure 21: Soldier Modernization Market in the US (US$ Billion), 2015–2025 ..................................................................................................... 62 Figure 22: Military Soldier Modernization Market Split By Category in the US (%), 2015–2025 ........................................................................... 63 Figure 23: C4ISR Based Soldier Modernization Market Size in the US (US$ Billion), 2015–2025 ....................................................................... 65 Figure 24: Survivability Based Soldier Modernization Market Size in the US (US$ Billion), 2015–2025 ............................................................... 66 Figure 25: Lethality based Soldier Modernization Market Size in the US (US$ Million), 2015–2025 .................................................................... 68 Figure 26: Soldier Modernization Market in the Russia (US$ Million), 2015–2025 ............................................................................................... 70 Figure 27: Soldier Modernization Market By Category in Russia (%), 2015–2025 ............................................................................................... 71 Figure 28: C4ISR Soldier Modernization Market Size in Russia (US$ Million), 2015–2025 ................................................................................. 72 Figure 29: Survivability Based Soldier Modernization Market Size in Russia (US$ Million), 2015–2025 .............................................................. 73 Figure 30: Soldier Modernization Market in the UK (US$ Million), 2015–2025 .................................................................................................... 75 Figure 31: Soldier Modernization Market Split by Sector in the UK (%), 2015–2025............................................................................................ 76 Figure 32: C4ISR Based Soldier Modernization Market Size in the UK (US$ Million), 2015–2025 ...................................................................... 77 Figure 33: Survivability Soldier Modernization Market Size in the UK (US$ Million), 2015–2025 ......................................................................... 78 Figure 34: Lethality Based Soldier Modernization Market Size in the UK (US$ Million), 2015–2025 .................................................................... 79 Figure 35: Soldier Modernization Market in the France (US$ Million), 2015–2025 .............................................................................................. 81 Figure 36: Soldier Modernization Market By Category in France (%), 2015–2025 ............................................................................................... 82 Figure 37: C4ISR Based Soldier Modernization Market Size in France (US$ Million), 2015–2025 ...................................................................... 83 Figure 38: Lethality Based Soldier Modernization Market Size in France (US$ Million), 2015–2025 .................................................................... 84 Figure 39: Survivability Based Soldier Modernization Market Size in France (US$ Million), 2015–2025 .............................................................. 85 Figure 40: Soldier Modernization Market in China (US$ billion), 2015–2025 ....................................................................................................... 87 Figure 41: Soldier Modernization Market Split by Sector in China (%), 2015–2025 ............................................................................................. 88 Figure 42: Lethality Based Soldier Modernization Market Size in China (US$ Million), 2015–2025 ..................................................................... 89 Figure 43: C4ISR Based Soldier Modernization Market Size in China (US$ Million), 2015–2025 ........................................................................ 90 Figure 44: Soldier Modernization Market in India (US$ Million), 2015–2025 ........................................................................................................ 92 Figure 45: Soldier Modernization Market Split by Sector in India (%), 2015–2025 ............................................................................................... 93 Figure 46: Lethality Based Soldier Modernization Market Size in India (US$ Million), 2015–2025 ....................................................................... 94 Figure 47: C4ISR Based Soldier Modernization Market Size in India (US$ Million), 2015–2025 .......................................................................... 95 Figure 48: Survivability Based Soldier Modernization Market Size in India (US$ Million), 2015–2025 ................................................................. 96 Figure 49: Soldier Modernization Systems in Australia (US$ Million), 2015–2025 ............................................................................................... 98 Figure 50: Soldier Modernization Market Split by Sector in Australia (%), 2015–2025 ......................................................................................... 99 Figure 51: Survivability Based Soldier Modernization Market Size in Australia, 2015–2025 .............................................................................. 100 Figure 52: C4ISR Based Soldier Modernization Market Size in Australia (US$ Million), 2015–2025.................................................................. 101 Figure 53: Soldier Modernization Market in Saudi Arabia (US$ Million), 2015–2025 ......................................................................................... 103 Figure 54: Soldier Modernization Market Split by Sector in Saudi Arabia (%), 2015–2025 ................................................................................ 103 Figure 55: C4ISR Based Soldier Modernization Market Size in Saudi Arabia (US$ Million), 2015–2025 ........................................................... 104 Figure 56: Lethality Based Soldier Modernization Market Size in Saudi Arabia (US$ Million), 2015–2025 ........................................................ 105


Figure 57: Soldier Modernization Market in Israel (US$ Million), 2015–2025 ..................................................................................................... 107 Figure 58: C4ISR Based Soldier Modernization Market Size in Israel (US$ Million), 2015–2025 ....................................................................... 108 Figure 59: Survivability Based Soldier Modernization Market Size in Israel (US$ Million), 2015–2025 .............................................................. 109 Figure 60: Soldier Modernization Market in Brazil (US$ Million), 2015–2025 .................................................................................................... 111 Figure 61: Soldier Modernization Market Split By Category in Brazil (%), 2015–2025 ....................................................................................... 112 Figure 62: C4ISR based Soldier Modernization Market Size in Brazil (US$ Million), 2015–2025 ....................................................................... 113 Figure 63: Lethality Based Soldier Modernization Market Size in Brazil (US$ Million), 2015–2025 .................................................................... 114 Figure 64: Survivability based Soldier Modernization Market Size in Brazil (US$ Million), 2015–2025 .............................................................. 115 Figure 65: Soldier Modernization Market in South Africa (US$ Million), 2015–2025 .......................................................................................... 117 Figure 66: Soldier Modernization Market Split by Sector in South Africa (%), 2015–2025 ................................................................................. 118 Figure 67: C4ISR Based Soldier Modernization Market Size in South Africa (US$ Million), 2015–2025 ............................................................ 119 Figure 68: General Dynamics – Revenue Trend Analysis (US$ billion), 2010–2014.......................................................................................... 138 Figure 69: General Dynamics – Operating Profit (US$ million), 2010–2014 ...................................................................................................... 139 Figure 70: General Dynamics – Net Profit Trend Analysis (US$ million), 2010–2014 ........................................................................................ 139 Figure 71: Raytheon – Revenue Trend Analysis (US$ Billion), 2010–2014 ....................................................................................................... 141 Figure 72: Raytheon – Operating Profit Trend Analysis (US$ Million), 2010–2014 ............................................................................................ 142 Figure 73: Raytheon – Net Profit Trend Analysis (US$ Million), 2010–2014 ..................................................................................................... 142 Figure 74: Safran Group – Revenue Trend Analysis (EUR billion), 2010-2014.................................................................................................. 144 Figure 75: Safran Group – Operating Profit (EUR million), 2010–2014 ............................................................................................................. 144 Figure 76: Safran Group – Net Profit Trend Analysis (EUR million), 2010–2014 ............................................................................................... 145 Figure 77: BAE Systems – Revenue Trend Analysis (GBP billion), 2010–2014 ................................................................................................ 148 Figure 78: BAE Systems – Operating Profit (GBP billion), 2010–2014 .............................................................................................................. 148 Figure 79: BAE Systems – Net Profit Trend Analysis (GBP million), 2010–2014 ............................................................................................... 149 Figure 80: Elbit Systems – Revenue Trend Analysis (US$ billion), 2010–2014 ................................................................................................. 152 Figure 81: Elbit Systems – Operating Profit (US$ million), 2010–2014 .............................................................................................................. 152 Figure 82: Elbit Systems – Net Profit Trend Analysis (US$ million), 2010–2014................................................................................................ 153 Figure 83: Rheinmetall Defence – Revenue Trend Analysis (EUR billion), 2010–2014 ..................................................................................... 155 Figure 84: Rheinmetall Defence – Operating Profit (EUR million), 2010–2014 .................................................................................................. 156 Figure 85: Rheinmetall Defence – Net Profit Trend Analysis (EUR million), 2010–2014 .................................................................................... 156 Figure 86:Thales –Revenue Trend Analysis (EUR billion), 2010–2014 ............................................................................................................. 158 Figure 87:Thales – Operating Profit (EUR million), 2010–2014 ......................................................................................................................... 159 Figure 88:Thales – Net Profit Trend Analysis (EUR million), 2010–2014 ........................................................................................................... 159 Figure 89: Exelis Inc. – Revenue Trend Analysis (US$ million), 2010–2014 ..................................................................................................... 164 Figure 90: Exelis Inc. – Operating Profit (US$ million), 2010–2014 ................................................................................................................... 164 Figure 91: Exelis Inc. – Net Profit Trend Analysis (US$ million), 2010–2014 ..................................................................................................... 165


LIST OF TABLES

Table 1: Global Soldier Modernization Market Overview ..................................................................................................................................... 19 Table 2: Global Soldier Modernization Market Overview, 2015-2025 .................................................................................................................. 27 Table 3: SWOT Analysis of the Soldier Modernization Market ............................................................................................................................ 53 Table 4: Leading Soldier Modernization Markets and Top Three Segments ........................................................................................................ 60 Table 5: US Soldier Modernization Market Overview .......................................................................................................................................... 62 Table 6: Key US Soldier Modernization Programs .............................................................................................................................................. 63 Table 7: Russian Soldier Modernization Market Overview .................................................................................................................................. 70 Table 8: Key Russian Soldier Modernization Programs ...................................................................................................................................... 71 Table 9: UK Soldier Modernization Market Overview .......................................................................................................................................... 74 Table 10: Major UK Soldier Modernization Programs .......................................................................................................................................... 75 Table 11: French Soldier Modernization Market Overview .................................................................................................................................. 80 Table 12: Key French Soldier Modernization Programs ...................................................................................................................................... 81 Table 13: Chinese Soldier Modernization Market Overview ................................................................................................................................ 87 Table 14: Major Chinese Soldier Modernization Programs .................................................................................................................................. 88 Table 15: Indian Soldier Modernization Market Overview.................................................................................................................................... 91 Table 16: Major Indian Soldier Modernization Programs ..................................................................................................................................... 92 Table 17: Australian Solider Modernization Systems Market Overview ............................................................................................................... 97 Table 18: Key Australian Soldier Modernization Programs .................................................................................................................................. 98 Table 19: Saudi Arabian Soldier Modernization Market Overview ..................................................................................................................... 102 Table 20: Israeli Soldier Modernization Market Overview .................................................................................................................................. 106 Table 21: Major Israeli Soldier Modernization Programs ................................................................................................................................... 107 Table 22: Brazilian Soldier Modernization Overview ......................................................................................................................................... 111 Table 23: Key Brazilian Soldier Modernization Programs in Brazil .................................................................................................................... 112 Table 24: South Africa Soldier Modernization Market Overview ........................................................................................................................ 116 Table 25: Major South Africa Soldier Modernization Programs ......................................................................................................................... 117 Table 26: Program Details – JTRS HMS program ............................................................................................................................................. 120 Table 27: Program Details –Nett Warrior (NW) program ................................................................................................................................... 121 Table 28: Program Details –CONTACT (Communications Numeriques TACtiques et de Theatre) .................................................................... 122 Table 29: Program Details – Arme Individuelle Future (AIF) ............................................................................................................................ 123 Table 30: Program Details –F-INSAS (Stage 1) program .................................................................................................................................. 124 Table 31: Program Details –Family of Weapons Sights (FWS) ......................................................................................................................... 125 Table 32: Program Details – FIST program ....................................................................................................................................................... 126 Table 33: Program Details – Land 125 (Phase-3B) program ............................................................................................................................. 127 Table 34: Program Details – Night Vision Devices Procurement ....................................................................................................................... 128 Table 35: Program Details – The Mobile Maintenance Equipment Systems (MMES) ........................................................................................ 129 Table 36: Program Details – Mobile Soldier Power ........................................................................................................................................... 130 Table 37: Program Details – Human Universal Load Carrier (HULC) Procurement ........................................................................................... 131 Table 38: Program Details – Modular Individual Load Carrying Equipment ....................................................................................................... 132 Table 39: Ceradyne Inc. – Alliances.................................................................................................................................................................. 134 Table 40: Ceradyne Inc. – Recent Contract Wins ............................................................................................................................................. 134 Table 41: ArmorSource: – Alliances .................................................................................................................................................................. 135 Table 42: ArmorSource: – Recent Contract Wins .............................................................................................................................................. 136 Table 43: General Dynamics – Alliances .......................................................................................................................................................... 137 Table 44: General Dynamics – Recent Contract Wins ...................................................................................................................................... 137 Table 45: Raytheon – Alliances ........................................................................................................................................................................ 140 Table 46: Raytheon – Recent Contract Wins .................................................................................................................................................... 140 Table 47: Safran Group – Alliances ................................................................................................................................................................. 143 Table 48: Safran Group – Recent Contract Wins .............................................................................................................................................. 144 Table 49: BAE Systems – Alliances .................................................................................................................................................................. 146 Table 50: BAE Systems – Recent Contract Wins .............................................................................................................................................. 147 Table 51: Science Applications International Corporation (SAIC) – Recent Contract Wins ................................................................................ 150 Table 52: Elbit Systems – Alliances .................................................................................................................................................................. 151 Table 53: Elbit Systems – Recent Contract Wins .............................................................................................................................................. 151 Table 54: Rheinmetall Defence– Alliances ........................................................................................................................................................ 154 Table 55: Rheinmetall Defence– Recent Contract Wins .................................................................................................................................... 154 Table 56: Thales – Alliances ............................................................................................................................................................................ 157


Table 57: Thales – Recent Contract Wins ......................................................................................................................................................... 157 Table 58: Bren-Tronics – Alliances ................................................................................................................................................................... 160 Table 59: Bren-Tronics – Recent Contract Wins ............................................................................................................................................... 162 Table 60: Exelis Inc. – Alliances ....................................................................................................................................................................... 163 Table 61: Exelis Inc. – Recent Contract Wins ................................................................................................................................................... 163 Table 62: Vectronix – Alliances ......................................................................................................................................................................... 166 Table 63: Harris Corporation – Alliances ........................................................................................................................................................... 167 Table 64: FLIR Systems – Alliances ................................................................................................................................................................. 171

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