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Business Management June 12, 2018

Man Portable Military Electronics Market 2018 World Analysis and Forecast to 2023

Market Synopsis of Man Portable Military Electronics

The global Man Portable Military Electronics market is expected to grow at a CAGR of around 5% during 2016-2021. The factors driving the growth are growing demand for battlefield surveillance radar, investments on portable military electronics products, and growing demand for micro air vehicles.

Whereas, technological integration, budget cuts and military downsizing are some of the factors restraining the market. One of critical and most important challenges is to maintain the effectiveness of man portable electronics systems and reducing the equipment weight the same time, which requires investments, extensive R&D, and technological advancements.

Key Player

Some of the key players in the Man Portable Military Electronics Market are Elbit Systems, SAAB AB, Exelis Inc, Codan, Aselsan, FLIR Systems Inc, Harris Corporation, Rockwell Collins, Safran, and Thales Gorup.

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Man Portable Military Electronics Market - Competitive Analysis

The global man portable military electronics market is highly competitive, and vendors compete on the basis of cost, product quality, reliability, and aftermarket service. In order to survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality man portable military electronics systems with latest technology and materials. Elbit Systems and SAAB AB are the two leading vendors in the market. Their focus is primarily on the implementation of light-weight materials, more electric technologies, and robust systems.

Mergers and acquisitions, along with increased collaboration with alliance partners around the world, would drive the global man portable military electronics market, in the forecast period. In 2015, Data Link Solutions LLC was formed, as a result of the joint venture of BAE Systems and Rockwell Collins to provide support to the military assets globally. The joint venture would enhance the company's position in the market and enable direct access to the local customers.

Man Portable Military Electronics Market - Segments

For the convenience of the report and enhanced understanding; the man portable military electronics market is segmented in to four key dynamics:

Segmentation by Product Type: Communications, ISTAR, Command and Control, and Others.

Segmentation by Platform: Airborne, Naval, and Land-based.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Man Portable Military Electronics Market - Regional Analysis

The Latin American region has witnessed a major growth in its defense sector, in the past decade. Among all the countries in the region, Brazil is expected to grow at a significant rate, owing to established defense market in the country. Furthermore, it was reported that the country spent approximately USD 19.5 billion on military operations, exercises, and equipment, in 2016, accounting for 47.5% of the overall spend in the Latin American region, in the same year. Therefore, it is expected that there would be a significant growth in the market for the region.

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The market report for Man Portable Military Electronics of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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