According to a new market report published by
Transparency Market Research “Man-Portable Military Electronics Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” the
global man-portable military electronics market was valued at USD 15.10 billion
in 2013, growing at a CAGR of 3.84% from 2014 to 2019 to account for USD 19.67
billion in 2019.
The major factor driving the growth of this market
is the soldier modernization programs undertaken by military forces worldwide.
Countries such as the U.S., France, India, and Australia have taken military
modernization initiatives on a massive scale. These long term programs will
ensure the continued demand for man-portable military electronics during the
forecast period. Growing demand for miniature unmanned aerial vehicles (M-UAVs)
is expected to stimulate the category growth and as well as the growth of the overall
market. The growth of this market is further fuelled by the increasing need for
advanced man-portable equipments with reduced size, weight, and power
consumption (SWAP).
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full report at:
On the basis of product type, the man-portable
military electronics market can be categorized into six segments including
communications, command and control, ISTAR (intelligence, surveillance, target
acquisition and reconnaissance), imaging, force protection, and ancillary
electronics. Communication segment was the largest segment and accounted for
45.5% of the global market in 2012, due to worldwide increase in demand for
manpack radios and transceivers. The communication equipment market is expected
to grow at a CAGR of 4.1%.
In 2013, the North America market was the leading
revenue generator for man-portable military electronics market. The dominance
of North America is due to technological advancement and huge expenditure in
defense sector. Replacement of ageing communication equipment with modern
high-end devices is also driving the growth of man portable communication
devices in the region.
The report provides company market share analysis
of the various industry participants. Key players have also been profiled on
the basis of company overview, financial overview, business strategies, SWOT
analysis and recent developments in the field of passive optical network
equipment. Major market participants profiled in this report include
AeroVironment, Aselsan Inc, Codan Ltd, Elbit Systems Ltd, ITT Exelis Inc,
Finmeccanica S.p.A, FLIR Systems, General Dynamics, Harris Corporation, L-3
Communications Holdings, Inc, Rockwell Collins, Inc, Saab AB, Safran Group,
Sierra Nevada Corporation, and Thales Group among others.
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Sample Report at:
Man-Portable
Military Electronics Market
By product
types
·
Communication
·
Command and
control
·
Imaging
·
ISTAR
·
Force protection
·
Ancillary
electronics
By
geography
·
North America
·
U.S
·
Europe
·
U.K
·
Russia
·
France
·
Italy
·
Germany
·
Asia Pacific
·
China
·
India
·
Australia
·
Japan
·
South Korea
·
Rest of the
World
·
UAE
·
Israel
·
Brazil
·
South Africa
·
Turkey
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