Market Size of Man Portable Military Electronics Industry
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 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 |
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Man Portable Military Electronics Market Size Summary
The man-portable military electronics market is poised for steady growth, driven by increasing military expenditures and a focus on enhancing land-based warfare capabilities. The market is experiencing a surge in demand for advanced electronic systems as nations prioritize territorial surveillance and soldier modernization. This includes collaborations with defense manufacturers to develop cutting-edge technologies such as exoskeletons and military textiles embedded with integrated circuits and sensors. The communication segment remains a dominant force within the market, fueled by significant investments in modernizing communication systems. The transition from aging combat net radios to advanced software-defined radios (SDRs) is a key trend, with various armed forces adopting these technologies to improve operational effectiveness and data transfer capabilities.
Regionally, the Asia-Pacific market is expected to witness robust growth, driven by increased military spending in countries like China, India, and Japan, amid geopolitical tensions. Local companies are investing in advanced electronic sensors for body armor and clothing to enhance soldier capabilities. The market is characterized by fragmentation, with major players like General Dynamics Corporation, Thales Group, and L3Harris Technologies, Inc. holding significant shares. These companies, along with local players, are expanding their portfolios through partnerships and investments in miniature electronics. Such strategic moves are anticipated to bolster market growth, as evidenced by contracts and collaborations aimed at developing and delivering advanced military electronics solutions.
Man Portable Military Electronics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size and Forecast by Value - USD million, 2018 - 2027)
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2.1 By Product
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2.1.1 Communications
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2.1.2 Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR)
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2.1.3 Command and Control
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2.1.4 Other Products
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.2 Europe
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2.2.2.1 United Kingdom
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2.2.2.2 Germany
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2.2.2.3 France
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2.2.2.4 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 South Korea
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 Latin America
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2.2.4.1 Brazil
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2.2.4.2 Rest of Latin America
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2.2.5 Middle-East and Africa
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2.2.5.1 United Arab Emirates
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2.2.5.2 South Africa
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2.2.5.3 Turkey
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2.2.5.4 Rest of Middle-East and Africa
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Man Portable Military Electronics Market Size 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.