Man Portable Military Electronics Market - Future Estimations till 2023

Posted by Savni on November 29th, 2019

Global Man-Portable Military Electronics Market Research Report: Information by Type (Communication, Command & Control, Ancillary Electronics, EO/IR (Electro-Optical/Infrared), ISTAR (Intelligence, Surveillance, Target Acquisition and Reconnaissance) and Force Protection), Equipment (Radar, Imaging System and Others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2025

Man portable military electronics are the mobile electronic devices that are used for communication, tracking and surveying purpose on active war zones or border surveillance which mainly constitute compact wireless devices. Market Research Future (MRFR) has published a report stating that the global man portable military electronics market is market to project moderate expansion at a CAGR of 5% during the forecast period of 2016-2021. Increasing territorial conflicts and terrorist activities are inducing high demand for optimized battlefield and border surveillance radar that are portable and compact enough to be carried by an individual, resulting in the expansion of the global man portable military electronics market. high demand for latest technology to enhance the safety and optimize the ground functioning of the troops are also fueling the growth of the global man portable military electronics market during the assessment period.

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Market Segmentation:

The global man portable military electronics market has been segmented on the basis of product type and platform. Based on product type, the global man portable military electronics market has been segmented into communications, ISTAR, command and control, and others. The communications segment is anticipated to command for the largest share in the global man portable military electronics market owing to the extensive utilization of manpack radio and transceivers by the soldiers on the war front. Based on platform, the global man military electronics market has been segmented into airborne, naval, and land-based.

Regional Analysis:

Geographically, the global man portable military electronics market has been segmented into four major regions such as Europe, Americas, Asia Pacific, and the Middle East and Africa. Increased expenditure for extensive research and development of advanced military electronic devices that are compact yet highly efficient in the military and defense sector is aiding the growth of the man portable military electronics market in the Europe region. The man portable military electronics market in the Americas is projecting significant growth during the assessment period owing to the rapid technological advancement, easy adoption of technologically advanced solutions in the military and defense sector and presence of large pool of players that are focusing on the development of advanced electronics for defense purposes in this region. Increased government funding to strengthen the defense sector as result of increased territorial conflicts and rise in terrorist activities and increasing adoption of technologically advanced devices in the military and defense sector of the emerging economies such as India, China, and others are propelling the growth of the man portable military electronics market in the Asia Pacific region. Poor economic conditions and low penetration of advanced technology in the underdeveloped countries are resulting in the slow growth of the man portable military electronics market in the Middle East and Africa region.

Industry Updates:

In July 2018, Indra Sistemas, a Spanish information technology and defense systems company has announced the development of a new one-man portable electronic warfare (EW) system which is capable of tracking adversary's radar signals and detecting its defense systems.

In August 2018, Mnemonics Inc., Melbourne, has announced that its initiative of building wireless man portable remote-control explosives for the U.S. Army and Marine Corps under a military contract.

Key Players:

The major player profiled by MRFR that are operating in the global man portable military electronics market are Elbit Systems, SAAB AB, Exelis Inc, Codan, Aselsan, FLIR Systems Inc, Harris Corporation, Rockwell Collins, Safran, and Thales Group. The players in the global man portable military electronics market are aiming towards expanding their businesses on the global level by launching new and advanced products in the global market. Increased research and development activities and strategic mergers and acquisitions are also aiding these players to sustain the competition in the global man portable military electronics market.

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