Man Portable Military Electronics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

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.