Mar 30, 2020 (AB Digital via COMTEX) -- Market Insight
Soldiers are often expected to carry heavy loads over long distances. There is a general need for the military forces to maintain mobility and sustainability and exhibit their ultimate performance on the battlefield with an external load. The requirement of water and food for the sustainment of soldiers during their missions will enable manufacturers to offer new product offerings to the market players. However, there are some shortcomings, such as the high probability of injuries, which will restrain the growth of this market. The market for global military load carriage system is estimated to witness a CAGR of 6% during the forecast period.
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The key players in Global Military Load Carriage System Market are Aegis Engineering Limited (U.K), BAE Systems Inc. (U.K), Boston Dynamics (U.S.), CQC (U.K), Lockheed Martin (U.S), Australian Defense Apparel (Australia), Honeywell International Inc.(U.S), ADS, Inc. (U.S.A), and Sarkar Defense Solutions (U.K).
On the basis of region, the Military Load Carriage System Market is segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. In North America, the increased investment in military expenses will boost the market growth. In Middle East, the major contributors of these regions are Iran, Iraq, Israel, UAE, Saudi Arabia, Turkey, and the U.K. Due to the current war in Syria, the demand for military load carriage systems is expected to increase at a fast pace.
In 2009, BAE Systems signed a contract with Defense Logistics Agency (DLA) for production of Modular Lightweight Load Carrying Equipment (MOLLE) Core Rifleman Sets, Ruck sets and components. In 2010, Boston Dynamics signed a contract with DARPA to a new robot mule to help the infantry carry gear in the field.
Table of Content
Table 1 Global Military Load Carriage Systems Market: By Region, 2017-2023
Table 2 North America Military Load Carriage Systems Market: By Country, 2017-2023
Table 3 Europe Military Load Carriage Systems Market: By Country, 2017-2023
Table 4 Asia Pacific Military Load Carriage Systems Market: By Country, 2017-2023
Table 5 Middle East & Africa Military Load Carriage Systems Market: By Country, 2018-2023
Table 6 Latin America Military Load Carriage Systems Market: By Country, 2018-2023
Table 7 Global Military Load Carriage Systems Market: By Configuration, By Regions, 2017-2023
Table 8 North America Military Load Carriage Systems Market By Type, By Country, 2017-2023
Table 9 Europe Military Load Carriage Systems Market, By Type, By Country, 2017-2023
Table 10 Middle East & Africa Military Load Carriage Systems Market By Type, By Country, 2017-2023
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