Man Portable Military Electronics Market Report

Market Insights

The Global Man Portable Military Electronics Market is estimated to grow from USD 3.6 billion in 2020 to USD 4.6 billion by 2026 at a healthy CAGR of 4.2% during the forecast period.

Figure: Global Man Portable Military Electronics Market Size, 2020-2026 (USD Billion)

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What are Man-portable military electronics?

The Man-portable military electronics are designed to improve the safety, connectivity, and protection of troops on the battlefield. It also helps to counter-terrorism operations. They receive and transmit signals such as video, audio, and data through satellite connectivity. The man-portable military electronic devices include portable radio and weapon sight & scopes.

Key Players

Key players operating in the global man portable military electronics market are-

• Harris Corporation (The U.S),
• General Dynamics Corporation (The U.S),
• Northrop Grumman Corporation (The U.S),
• Elbit Systems Ltd (Israel),
• Exelis Inc. (The U.S),
• Codan Limited (Australia),
• FLIR Systems (The U.S),
• Aselsan (Turkey),
• Leonardo S.p.A. (Italy),
• L3 Technologies (The U.S),
• Saab AB (Sweden),
• Lockheed Martin Corporation (The U.S), and
• BAE Systems plc (UK).

Market Dynamics

Growing demand for electronic devices aimed at improving the safety and security of troops is driving the growth of the global man-portable military electronics market.

• Increasing terrorism activities and conflicts have resulted in an increased requirement for devices providing better connectivity and increasing defensive capabilities.
• This is likely to drive the growth of man-portable electronic devices at a significant rate during the review period.
• Additionally, growing demand for high technologically advanced devices is likely to create lucrative opportunities for the market players over the forecast period.

Segment Analysis

Application Trends

Based on application, the market has been divided into communication, command & control, ancillary electronics, EO/IR (electro-optical/infrared) and ISTAR (intelligence, surveillance, target acquisition and reconnaissance).

The communication segment accounted for the largest share in 2020 on account of the widespread use of man-portable military electronics for military tactical communications during military missions.

Regional Trends

The market in North America accounted for the largest share in 2020. The market growth in the region can be attributed to the presence of strong military industry and key market players such as Harris Corporation (The U.S), General Dynamics Corporation (The U.S), and Northrop Grumman Corporation (The U.S). The market in Asia-Pacific is projected to register healthy CAGR during the review period. This can be attributed to increasing spending on military equipment by the government to bolster the military power of the country.

COVID-19 Impact on Global Man Portable Military Electronics market

The market growth was affected when the governments across geographies-imposed lockdown as it resulted in trade restriction and supply chain disruptions. Many market players had to shut their production spaces which affected the market growth. However, with the lift of lockdown, the demand for man-portable military electronics is likely to gain pace.

• What are the key trends in the global man portable military electronics market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global man portable military electronics market?
• What are the key strategies adopted by the major vendors to lead in the global man portable military electronics market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the Man-portable military electronics market hopes to have the greatest opportunity to convert-

• Man-portable military electronics distributors,
• Man-portable military electronics suppliers,
• Man-portable military electronics manufacturers,
• Logistics organizations,
• Government Bodies.

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