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Overhaul of Defense Capabilities to Drive Man-Portable Military Electronics Market

  • Date Submitted: 08/29/2016 05:27 AM
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Technological advancements and high investment in military products and services have led North America to dominate the global man-portable military electronics market, says a recent market study released by Transparency Market Research (TMR). The report is titled “Man-Portable Military Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” and states that the man-portable military electronics market will exhibit a modest 3.80% CAGR from 2013 to 2019, to rise to a market valuation of US$19.6 bn by 2019, increasing from US$15.1 bn in 2012.

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The 128-page research report provides revenue (US$ bn) estimates for the global market for man-portable military electronics from 2013 to 2019.In many countries around the world, armed forces are aiming for modernization of the military, which has propelled the demand for newer communication systems, including man-portable military electronics. In some countries such as France, Australia, and the U.S., long-term programs for the upgradation of surveillance modes have resulted in increasing demand for miniature unmanned aerial vehicles (M-UAVAS), which is in turn propelling the global man-portable military electronics market.

Other than this, the demand for compact, lightweight, and power-efficient equipment is contributing to the growth of this market. Increasing R&D collaboration between product manufacturers and government agencies, introduction of cognitive radios that are tied with other communication systems, and untapped potential in developing countries will further accentuate the growth of this market. However, defense budget cuts and lack of adequate technological capabilities to facilitate network-oriented military communications will impede the growth of the man-portable military electronics market in the forecast period.

The report segments the...


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