Man Portable Military Electronics Market by Type, Application, Regional Outlook, Technology, Opportunities and Forecast to 2021
Market Analysis:
The man portable military electronics market is predicted to grow at a 5% CAGR over the forecast period, states the new Market Research Future (MRFR) report. Man portable military electronics comprise of all the portable devices that enhance and facilitate the functional capacities of military personnel in the battlefield. Such electronic devices serve as force multipliers by offering direct link communications to dismounted soldiers and advanced situational awareness. They are crucial in attaining responsiveness, agility, and speed in the battlefield. Defense authorities are investing heavily in C31SR systems for extracting data from enemies and improving national security. Moreover, the defense sector is moving to a new generation of electronic systems that are highly sophisticated and allow flexible, cost-effective, secure, and fast communications.
Various factors are propelling the man portable military electronics market growth. These factors, as specified by the Market Research Future (MRFR) report, include the growing demand for new man-pack communication devices, the growing emphasis on soldier modernization programs, and the growing demand for wearable night vision, M-UAV, and thermal imaging systems. Additional factors pushing market growth include the burgeoning need of man portable military electronics, investments on portable military electronics products and battlefield surveillance radar, as well as, increasing demand for micro air vehicles.
On the contrary, military downsizing, budget cuts, and technological integration are factors that may impede the man portable military electronics market’s growth over the forecast period.
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Market Segmentation:
The Market Research Future report provides a wide segmental analysis of the man portable military electronics market based on platform and product type.
Based on platform, the man portable military electronics market is segmented into land-based, naval, and airborne.
Based on product type, the man portable military electronics market is segmented into command and control, ISTAR, communications, and others. Of these, the communications segment will dominate the market over the forecast period. The increasing use of man-pack radios by dismounted soldiers is boosting the market growth.
Regional Analysis:
Based on the region, the man portable military electronics market report covers growth opportunities and the latest trends across the Asia Pacific (APAC), Europe, Americas, and the Middle East and Africa (MEA). Of these, North America will lead the market over the forecast period. This is owing to huge expenditure made in the defense sector, coupled with advancements in technology.
The man portable military electronics market in the Asia Pacific will have a healthy growth over the forecast period. India, Japan, and China are the key contributors here. This is owing to increasing defense spending from these countries, which collectively will have a positive effect on market growth. Besides, military modernization programs undertaken by the government in this region are also contributing to the growth of the market.
The man portable military electronics market in Europe will have a favorable growth over the forecast period. This is owing to growing number of counter-terrorism operations worldwide and good investments in military technologies.
The man portable military electronics market in the Middle East and Africa will have a notable growth over the forecast period. Turkey and the UAE are the key contributors here.
Key Players:
Leading players profiled in the man portable military electronics market report include Thales Gorup, Safran, Rockwell Collins, Harris Corporation, FLIR Systems Inc, Aselsan, Codan, Exelis Inc, SAAB AB, and Elbit Systems, among others. The market is fragmented as well as highly competitive with the presence of numerous key players who are adopting strategies such as merger and acquisitions, partnerships, product innovations, research and development and more for strengthening their market presence.
January 2019: Engineers at EPFL and Stanford University in Switzerland have come up with a micro air vehicle, called the FlyCroTug. This has the capacity to pull 40 times its weight. Though it appears as a usual quad-copter drone, its base has 32 microspines which can fix to rough surfaces, a winch-and-cable system which offers the aforementioned pulling activity, and a dry adhesive which replicates the footpads of a gecko for smooth surfaces.
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