Transparency Market Research has published a new study on the global man-portable military electronics market. According to the report’s findings, the global man-portable military electronics market will rise from a value of US$15.10 bn in 2012 to US$19.67 bn by 2019 at a CAGR of 3.8% therein. The report is titled “Man-Portable Military Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.”
Browse the full Man-Portable Military Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 Research Report With Complete TOC @ https://www.transparencymarketresearch.com/man-portable-military-electronics-market.html
Man-portable military electronics comprise portable electronics equipment that enhances the capabilities of military personnel in the battlefield. The use of advanced electronic equipment improves warfare capabilities by providing situational alerts in advance and serves as a communication medium with dismounted soldiers. These devices are important for achieving speed, agility, and receptiveness for combating the enemy in the battlefield.
Around the world, initiatives for the modernization of the armed forces to enhance warfare capabilities are boosting the demand for electronics and other man-portable military electronics. Developed countries such as the U.S., France, and Australia have instituted long-term programs for overhauling military capabilities. This includes deployment of miniature unmanned aerial vehicles (M-UAVs) and other hi-tech electronic equipment which is indirectly fuelling the growth of the man-portable electronics market.
The demand for compact, lightweight, and power-efficient electronics is also propelling the overall market’s growth. R&D collaborations between product manufacturers and government agencies, growth opportunities in emerging economies, and the newly introduced cognitive radios in association with other communication systems are expected to further bolster the market’s growth.
On the contrary, defense budget cuts and the lack of technological capabilities for network-centric communication among military personnel will slow down the growth of the man-portable electronics market.
The report segments the global man-made portable electronics market on the basis of product and geography. The product segments of this market are force protection, imaging, communications, ancillary electronics, ISTAR (intelligence, surveillance, target acquisition, and reconnaissance), and command control. In 2012, the communications segment was the largest with a share of 45.5% in the global market. Communication equipment such as manpack radios and transceivers are the only means of direct link communication and for situational alerts to be conveyed to dismounted soldiers.
Presently, countries such as India and South Korea are in the process of modernizing their military capabilities, replacing legacy systems with digital ones. As such, the communication segment is poised for growth in the coming years; the segment will display a 4.1% CAGR from 2013 to 2019.
North America leads the global market for man-portable electronics owing to technological advances and high budgets for enhancing defense competence. The region is closely followed by Europe due to substantial expenditures on military technologies and operations carried out by European nations to counter the threat of global terrorism. Asia Pacific will emerge as a significant market for man-portable electronics due to the increasing number of military modernization programs.
The report mentions key players actively involved in the global man-portable electronics market, which are Finmeccanica S.p.A., SAAB Group, Elbit Systems Ltd., FLIR Systems, Inc., Harris Corporation, Sierra Nevada Corporation, AeroVironment, Inc., Thales Group, Safran S.A., Exelis Inc., L-3 Communications Holdings, Inc., Rockwell Collins, Inc., ASELSAN Inc., General Dynamics Corporation, and Codan Limited.
The global man-portable military electronics market is segmented as follows:
Man-portable military electronics market: By product type
- Command and control
- ISTAR (intelligence, surveillance, target acquisition and reconnaissance)
- Force protection
- Ancillary electronics
Man-portable military electronics market: By geography
- South Korea
Rest of the World
- South Africa
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453