Man Portable Military Electronics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Man Portable Military Electronics Market Analysis
The man-portable military electronics market is expected to register a CAGR of over 4.5% during the forecast period (2022-2027).
The outbreak of COVID-19 and the subsequent shutdowns have affected the defense manufacturing sector in several countries. The negative impacts of the pandemic are clearly visible in the global defense supply chains, as several programs rely upon a unique global network of part suppliers. Though governments and defense companies have been trying their best to avoid disruptions by allowing industrial production to work, the increasing scale of the pandemic may affect the industry.
Growing territorial surveillance and increasing military spending by nations across the world have been enabling the respective armies to procure advanced man-portable military electronic systems for enhancing their land-based warfare capabilities. These trends are expected to help the market during the forecast period.
The emphasis on the modernization of soldiers has been growing in various countries. As a part of enhancing the soldier systems, the countries are collaborating with defense manufacturers to develop exoskeleton technologies. In addition to exoskeleton technologies, the armed forces are also testing military textiles that are embedded with advanced flexible integrated circuits and sensors for the transfer of data with command centers. Such advancements in micro-electronics technology are anticipated to provide growth opportunities for the market in the years to come.
Man Portable Military Electronics Market Trends
This section covers the major market trends shaping the Man-Portable Military Electronics Market according to our research experts:
Communication Segment has Largest Share in the 2021
The communication segment currently dominates the market and is expected to continue its dominance over the market during the forecast period. The growth of the segment is due to the robust growth in investments towards the modernization of communication systems with the replacement of aging combat net radios with new and advanced software-defined radios (SDRs) that offer significant technological improvements and maximize the operational effectiveness of the armed forces. Due to their advantages, many armed forces like the US Armed Forces, the Finnish Defense Forces (FDF), Estonian Defence Forces (EDF), and the Austrian Armed Forces, among others, have inducted the SDR technologies for dismounted military personnel. The US Army began the deployment of ORION radio systems of Ultra Electronics as a part of an indefinite award/indefinite-quantity (IDIQ) contract worth USD 497 million provided to the company in 2019. The contract was provided under the TRILOS Radio Program of the US Army. The company has delivered over 500 ORION radio systems since the program's inception. Such procurements programs to enhance the data transfer technologies between infantry personnel and command and centers and other platforms are anticipated to accelerate the growth of the market during the forecast period.
Asia-Pacific Expected to Register the Highest Growth During the Forecast Period
By region, the growth of the Asia-Pacific market is anticipated to be higher during the forecast period. The robust growth in military spending of the countries like China, India, and Japan, among others, due to the ongoing geopolitical tensions and border tensions, has led to rapid investments in procurement and modernization of man-portable equipment that will enhance situational awareness and combat capabilities of the military personnel. The local companies in the region are investing in the integration of advanced electronic sensors into the body armored and clothing that can monitor and regulate the temperatures, monitor the health of the soldiers, and increase the threat detection capabilities. The Indian Institute of Technology and the Defense Research and Development Organization (DRDO) have partnered for the development of a smart and relatively cheaper jacket for soldiers with integrated interconnects, antennas, sensors, and chips. It is being developed at IIT-D's Joint Advanced Technology Centre (JATC), set up by DRDO. The jacket will be developed in three phases. Features like signal processing chips, chemical sensors, and communication chips will help the soldiers in mobility, threat detection, and communication. Sich investments are anticipated to boost the growth of the market in the coming years.
Man Portable Military Electronics Industry Overview
The market for man-portable military electronics is highly fragmented, with a few manufacturers accounting for a significant share of the market. Some of the prominent players in the man-portable military electronics market are General Dynamics Corporation, Thales Group, Collins Aerospace (Raytheon Technologies Corporation), L3Harris Technologies, Inc., and ASELSAN AS. In addition to international players, there are several local players in the market that cater to the requirements of local armed forces. For instance, in September 2021, Theon Sensors was awarded a contract by the UK Ministry of Defence (MoD) to deliver Thermis CS thermal imaging systems under Sniper In-Line Low Light System (SILLS) - Long Wave InfraRed (LWIR) Thermal Sight 'Weapon Sight 2' program. Under the contract, the company will deliver 500 units of Thermis CS imaging systems, and the delivery of the imaging systems is expected to be completed by the end of 2022. Furthermore, the local companies are partnering with international players to expand their portfolio with new electronic equipment. Such partnerships, as well as investments towards the development of new miniature electronics, are anticipated to support the companies increase their market share in the market.
Man Portable Military Electronics Market Leaders
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General Dynamics Corporation
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Thales Group
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Collins Aerospace (Raytheon Technologies Corporation)
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L3Harris Technologies, Inc.
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ASELSAN AS
*Disclaimer: Major Players sorted in no particular order
Man Portable Military Electronics Market News
In February 2022, General Dynamics Mission Systems was selected by the US Army's Program Executive Office Command, Control, Communications-Tactical to develop and manufacture a National Security Agency-certified key-loader: The Next Generation Load Device-Medium (NGLD-M), a certified hand-held device to transfer and manage cryptographic key material and mission planning data.
In October 2021, Collins Aerospace announced that the company delivered the ninth order from the US Army to deliver AN/PRC-162 ground radios for the Manpack, Handheld, and Small Form Fit (HMS) program. The AN/PRC-162 is a software-defined communications solution that features independent, two, channels crosswise all frequencies for seamless route, data, voice, and retransmission functionality. The delivery was part of multiple-award contracts to Collins Aerospace and two other companies in 2016. The contract has a ceiling worth of USD 12.7 billion with an ordering period ending March 2026.
Man Portable Military Electronics Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size and Forecast by Value - USD million, 2018 - 2027)
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5.1 By Product
- 5.1.1 Communications
- 5.1.2 Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR)
- 5.1.3 Command and Control
- 5.1.4 Other Products
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.2 Europe
- 5.2.2.1 United Kingdom
- 5.2.2.2 Germany
- 5.2.2.3 France
- 5.2.2.4 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 Japan
- 5.2.3.3 India
- 5.2.3.4 South Korea
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 Latin America
- 5.2.4.1 Brazil
- 5.2.4.2 Rest of Latin America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 United Arab Emirates
- 5.2.5.2 South Africa
- 5.2.5.3 Turkey
- 5.2.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 L3Harris Technologies Inc.
- 6.2.2 Collins Aerospace (Raytheon Technologies Corporation)
- 6.2.3 General Dynamics Corporation
- 6.2.4 Northrop Grumman Corporation
- 6.2.5 Thales Group
- 6.2.6 Codan Limited
- 6.2.7 Elbit Systems Ltd
- 6.2.8 Saab AB
- 6.2.9 Leonardo S.p.A.
- 6.2.10 ASELSAN AS
- 6.2.11 FLIR Systems Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Man Portable Military Electronics Industry Segmentation
All electronic equipment that can be operated while being carried by dismounted soldiers is included in the study. The study consists of all types of automated systems incorporated in the body armors of soldiers and mounted on their helmets; this does not include rocket/grenade/missile-launching systems man-portable. However, the man-portable electronics that form the accessories of the launching systems, like accessories such as gun sights and sniper scopes, are included in the scope.
The Man-portable Military Electronics Market is segmented based on product and Geography. By product, the market is segmented into Communications, Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR), Command and Control, and other products. The report also covers the market size and forecasts for the market in major countries across different regions. For each segment, the market sizing and forecasts have been represented based on value (USD million).
| By Product | Communications | |
| Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) | ||
| Command and Control | ||
| Other Products | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Middle-East and Africa | United Arab Emirates |
| South Africa | ||
| Turkey | ||
| Rest of Middle-East and Africa |
Man Portable Military Electronics Market Research FAQs
What is the current Man Portable Military Electronics Market size?
The Man Portable Military Electronics Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Man Portable Military Electronics Market?
General Dynamics Corporation, Thales Group, Collins Aerospace (Raytheon Technologies Corporation), L3Harris Technologies, Inc. and ASELSAN AS are the major companies operating in the Man Portable Military Electronics Market.
Which is the fastest growing region in Man Portable Military Electronics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Man Portable Military Electronics Market?
In 2024, the North America accounts for the largest market share in Man Portable Military Electronics Market.
What years does this Man Portable Military Electronics Market cover?
The report covers the Man Portable Military Electronics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Man Portable Military Electronics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Man-Portable Military Electronics Industry Report
Statistics for the 2024 Man-Portable Military Electronics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Man-Portable Military Electronics analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
