Market Trends of Man Portable Military Electronics Industry
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.
