Man Portable Military Electronics Market Analysis | 2023-2028

Market Insights

The global man portable military electronics market size was valued at USD 3.92 billion in 2022 and is forecast to grow to USD 4.98 billion by 2028 at a CAGR of 4.01 % during 2023-2028.

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What is man portable military electronic?

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 radios and weapon sight & scopes.

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 highly technologically advanced devices is likely to create lucrative opportunities for the market players over the forecast period.

COVID-19 Impact on Global Man Portable Military Electronics Market

The market growth was affected when governments across geographies imposed lockdowns resulting in trade restrictions 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.

Key Players

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

• Leonardo S.p.A. (Italy),
• BAE Systems plc (UK)
• 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),
• L3 Technologies (The U.S),
• Saab AB (Sweden),
• Lockheed Martin Corporation (The U.S), and.

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 2022 on account of the widespread use of man-portable military electronics for military tactical communications during military missions.

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Regional Trends

• The market in North America accounted for the largest share in 2022.
• The market growth in the region can be attributed to the presence of a 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 a 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.

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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.

Research Methodology

This man portable military electronics market report offers high-quality insights and results from a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence most comprehensively. The man portable military electronics market report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players and those willing to enter the market.

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Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.