With military operations becoming highly sophisticated around the world there is an increase in the demand for portable electronics for quick response, which resulted in several key defense spenders to invest heavily in this market of man-portable electronics devices. Increasing focus on soldier modernization program and rising demand for new man-pack communication devices as well as wearable night vision, thermal imaging systems and M-UAV is contributing significantly to the growth of the global man-portable electronics market.
Global Man-Portable Military Electronics Market 2017-2027 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for man-portable electronic systems, key market trends, and challenges faced by industry participants.
- The global man-portable military electronics market, valued at US$4.7 billion in 2017, is projected to grow at a CAGR of 3.29% over the forecast period, to reach US$6.4 billion by 2027 and cumulatively value US$55.6 billion.
- The market consists of three categories: communication, ISTAR and force protection.
- The market is expected to be dominated by communication segment, which will account for 56.7% of the market, followed by ISTAR and force protection segments with shares of 28.4% and 14.9% respectively. North America is projected to dominate the sector with a share of 37.8%, followed by Asia Pacific, with an estimated share of 36.0%
Reasons to buy
- Determine prospective investment areas based on a detailed trend analysis of the global man-portable electronics market over the next ten years
- Gain in-depth understanding about the underlying factors driving demand for different man-portable electronic systems segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the global man-portable electronics market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global military man-portable electronics market
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top man-portable electronic solution providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available
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