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Man Portable Military Electronics Market SynopsisMan 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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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
• 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.
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.
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.
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Study Objectives of Man Portable Military Electronics
• To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the global Man Portable Military Electronics market
• To provide insights about factors affecting the market growth
• To Analyze the Man Portable Military Electronics market based on various factors- price analysis, supply chain analysis, Porters five force analysis.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to six main geographies and their countries- North America, Europe, Asia-Pacific, South America, Middle East, and Africa
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by product types and by regions
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, and new product developments in the global Man Portable Military Electronics market
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/man-portable-military-electronics-market-1401
Release ID: 462081
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