Global Soldier Systems Market: Key Highlights
Global Soldier Systems Market: Key Market Dynamics
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Global Soldier Systems Market: Regional Overview
The soldier systems market in the North American region is projected to witness high demand due to the continue lead on performance of aircraft in the region.
According to the International Air Transport Association In 2019, the region is have net profit of USD 16.9 Billion and is projected to be USD 16.5 Billion by 2020. The region is witness to grow the capacity by owing to new aircraft deliveries which will boost the earning and profitability. However, the region is having a strong economics and structural improvement for the industries from any other region.
Owing to the rapid growth of the aerospace & defense industry in Europe, the demand for expected to increase. The defense industry in the region are cooperate for more innovative and technological adoption for the growth and development. Moreover, in 2014 the US has launched Operation Atlantic Resolve (OAR) which reassure the US allies in Europe, particularly those bordering Russia. Also, in 2018 North Atlantic Treaty Organization (NATO) defense minister ministers has agreed to which the Four 30s plan to enhance movement of troops in the region by 2020.
Global Soldier Systems Market: Key Players Overview
Thales Group is a multinational company which design and build electric system and services for aerospace. The company is a global technology leader in transportation, aerospace and security. The company in the UK has developed unrivalled expertise for the delivery and growth of the product. The product of the company has been use in combat operations and also for the vehicle mounted close activity. In 2018, the company has signed an agreement with NASA for the unmanned systems control technologies.
Saab AB is aerospace and defense company and provides global leading products, services and solution for the military activities. Also the new technology for the soldier system soldier are helping for the conducting task. In 2019, the company has signed a contract for the support of Germany combat training center Gefechtsübungszentrum Heer (GUZ). Also in 2019 the company has receives awarded for the contract for production multispectral static camouflage system for the Canadian Army.
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