Global Military Load Carriage Systems Market 2016-2020
About Global Military Load Carriage Systems Market
Technavio expects the global military load carriage systems market to post at a CAGR of 3.36% during the forecast period. In 2015, the Americas led the market with a share of 36.65%, followed by EMEA with a share of 35.34%, and APAC with a share of 28.01%. Over the forecast period, the European and the Middle East countries are expected to be the fastest-growing market for the military load carriage systems with the major share of expenses made by France, Germany, Iran, Iraq, Israel, the Netherlands, Russia, Saudi Arabia, Turkey, and the UK.
Technavio’s analysts forecast the global military load carriage systems market to grow at a CAGR of 3.36% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global military load carriage systems market for 2016-2020. To calculate the market size, the report presents the market landscape and a corresponding detailed analysis of the five major vendors operating in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Military Load Carriage Systems Market 2016-2020
Technavio recognizes the following companies as the key players in the global military load carriage systems market: Aegis Engineering, BAE Systems, Boston Dynamics, CQC, and Lockheed Martin.
Commenting on the report, an analyst from Technavio’s team said: “Introduction of Integrated Load Carriage System will be a key trend for market growth. The Integrated Load Carriage System (ILCS), a patented product line, developed by AttackPAK, comprises of both the backpack and body armor into one unit. This system enables the transfer of the operator’s equipment weight onto the hips and legs, off the shoulders and back, of military personnel. This results in the reduction of stress, body pain, and fatigue. This system also enables quick and efficient performance of the soldiers' engagement in military operations, despite carrying heavy loads for long hours.”
According to the report, war zones located in rugged and mountainous regions will be a key driver for market growth. Water and food sources are very critical for the sustainment of the armed personnel in the deserted regions, particularly, as the deployed soldiers lose a lot of their body water in the form of sweat during vigorous military training exercises and combat operations. Similarly, the artillery, communication systems, and pharmaceuticals are of equal importance in such regions. This is where the military load carriage systems come into the picture.
Further, the report states that a concerning challenge is to maintain the effectiveness of the man-portable systems while reducing the equipment weight at the same time. This would require huge investments, extensive R&D, and technological advancements. As a result, the defense manufacturing companies worldwide are focused on integrating inexpensive and lightweight man-portable systems to reduce the burden on infantrymen. The defense ministries have also invested in R&D projects focusing on the weight reduction of equipment that the soldiers carry.
Aegis Engineering, BAE Systems, Boston Dynamics, CQC, and Lockheed Martin.