The report presents an in-depth assessment of the Man-portable military electronics including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Man-portable military electronics investments from 2019 till 2024.
The man-portable military electronics market is expected to register a CAGR of 4.89% during the forecast period (2019-2024), to reach a market value of USD 6.13 billion, by 2024.
The global man-portable military electronics market is fragmented, with four manufacturers accounting for a major market revenue share (in 2018), while over a dozen companies accounting for the remaining share of the market revenue, globally. The mergers and acquisitions that took place between the players in the recent past helped the companies strengthen their market presence. For example, the acquisition of B/E Aerospace by Rockwell Collins and of Rockwell Collins by UTC is expected to strengthen UTC’s portfolio in the market, while also improving their market presence in the military man-portable electronics market over the next few years.
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Scope of the Report
All electronic equipment that can be operated, while being carried by dismounted soldiers, are included in the study. The study includes all types of electronic systems that are incorporated in the body armors of soldiers and mounted on their helmets; this does not include rocket/grenade/missile-launching systems that are man-portable. However, the man-portable electronics that form the accessories of the launching systems are included.
Key Market Trends
ISTAR Segment Projected to Grow at a High Pace
Currently, the communications segment of the market studied has the highest share out of all the segments. The increased use of man-pack radios by dismounted soldiers is the primary reason for the high share of this segment. However, growth rates are expected to be high in the ISTAR segment. ISTAR includes intelligence, surveillance, target acquisition, as well as reconnaissance. ISTAR capabilities help in linking together several battlefield functions, to assist a combat force in deploying their sensors on the battlefield, as well as managing the information the unit gathers. Thus, the focus is currently on this segment, which is the reason for its high expected CAGR.
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Asia-Pacific expected to Record the Highest Growth
By region, the North American market is generating the highest revenue at present, in the market studied. However, the growth of the Asia-Pacific market is anticipated to be higher during the forecast period. Emerging economies in Asia-Pacific, like India, China, and Japan, are investing significant amounts in modernizing their armed forces. These modernization programs are further being boosted by the increasing defense spending from these countries, which collectively, has a positive impact on the growth of the market.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Man-portable military electronics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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