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Man Portable Military Electronics Market Size Worth at a Grow at a CAGR Of 4.2% By 2020-2030

Man-Portable Military Electronics Market is predicted to reach USD 5 Billion at a CAGR of 4.2% during the forecast period:


Market Research Future (MRFR) has published a cooked research report on the “Global Man-Portable Military Electronics Market” that contains information from 2018 to 2030. The Man-Portable Military Electronics market is estimated to register a CAGR of 4.2% during the forecast period of 2020 to 2030.


MRFR recognizes the following companies as the key players in the global Man-Portable Military Electronics market— Aselsan AS (Turkey), BAE Systems (UK), CODAN Limited (Australia), Collins Aerospace (US), Elbit Systems Ltd (Israel), Exelis Inc (US), FLIR Systems Inc. (US), General Dynamics Corporation (US), Leonardo SpA (Italy), Lockheed Martin Corporation (US), and Saab AB (Sweden).


Market Highlights


The global Man-Portable Military Electronics market is accounted to register a CAGR of 4.2% during the forecast period and is estimated to reach USD 5 Billion by 2030.


The Man-Portable Military Electronics Market focuses on the production and deployment of compact electronic devices and systems designed for individual soldiers. These technologies include communication devices, navigation tools, surveillance equipment, and portable energy sources, enhancing situational awareness and communication capabilities of military personnel in the field.


Segment Analysis


The global Man-Portable Military Electronics market has been segmented based on type and equipment.


On the basis of type, the market is segmented into communication, command & control, ancillary electronics, EO/IR (Electro-Optical/Infrared), ISTAR (intelligence, surveillance, target acquisition, and reconnaissance), and force protection. In 2018 the communication segment held the most market share and is predicted to grow at the highest CAGR over the next five years.


Based on equipment, the global Man-Portable Military Electronics market has been segmented into radar, imaging system, and others. During the projection period, the radar segment is anticipated to increase at the highest CAGR. Various military applications, including land, mobile, and air, use man-portable radar systems to intercept, detect, and follow targets in either a stationary or moving condition.


Regional Analysis


The global Man-Portable Military Electronics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Man-Portable Military Electronics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Man-Portable Military Electronics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Man-Portable Military Electronics market comprises of Middle East, Africa, and Latin America.


The North America Man-Portable Military Electronics Market dominated this market in 2022 During the review period, North America is anticipated to be the largest market. The presence of important players like FLIR Systems Inc., Exelis Inc., General Dynamics Corporation, and Lockheed Martin Corporation is to blame for this. Additionally, because purchasing modern man-portable military electronics systems comes with hefty defence costs.


During the projection period, the Asia-Pacific region is anticipated to have the quickest rate of growth. In order to replace their antiquated communication systems with more up-to-date ones, nations like China and India are putting more money into high-tech military hardware, which is anticipated to drive regional market expansion.


Moreover, North America dominates due to significant defense spending and advanced technology adoption. Europe follows suit, driven by collaborations among NATO members and advancements in soldier modernization programs. The Asia-Pacific region displays a rising market due to escalating security concerns and modernization efforts. The Middle East exhibits demand due to ongoing conflicts and the need for enhanced soldier capabilities.


Key Findings of the Study



  • The global Man-Portable Military Electronics market is expected to reach USD 5 Billion by 2030, at a CAGR of 4.2% during the forecast period.

  • The North America Man-Portable Military Electronics Market dominated this market in 2022 During the review period, North America is anticipated to be the largest market.

  • Based on equipment, During the projection period, the radar segment is anticipated to increase at the highest CAGR.

  • Aselsan AS (Turkey), BAE Systems (UK), CODAN Limited (Australia), Collins Aerospace (US), Elbit Systems Ltd (Israel), Exelis Inc (US), FLIR Systems Inc. (US), General Dynamics Corporation (US), Leonardo SpA (Italy), Lockheed Martin Corporation (US), and Saab AB (Sweden).

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Companies Covered 15
Pages 105
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