Man Portable Military Electronics Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The global military hand-held equipment market is expected to reach around $14.3 billion by 2032, at a CAGR of 4.4% from 2024 to 2032. This growth trend is due to the steady demand for advanced hand-held equipment, which provides military personnel with a wide range of new capabilities. The demand is driven by the need for improved communication systems and situational awareness. The development of lightweight, rugged and multi-functional hand-held equipment will also drive the market. Moreover, the innovations in the field of satellite communication, global positioning system technology and real-time data processing will have a positive effect on the demand for hand-held equipment. Strategic initiatives undertaken by the key players in this market, such as the Harris corporation, Thales group and Northrop Grumman, include the establishment of new strategic alliances and the investment in R&D to enhance the product offerings and maintain their competitive advantages. Product launches, focusing on improved interoperability and interoperability, have further increased the market's responsiveness to the needs of the military.

Regional Market Size

Regional Deep Dive

The Man-Portable Military Electronics Market is characterized by the rapid technological development and the increasing demand for light, durable, and multi-function equipment in various regions. In North America, the market is driven by large defense budgets and the need to modernize military capabilities. In Europe, the development of common defense projects is gaining momentum, and in Asia-Pacific, increased military spending is being driven by regional tensions. The Middle East and Africa are characterized by ongoing conflicts and the need to enhance military capabilities. Latin America is slowly increasing its investment in military technology. Each region is characterized by its own challenges and opportunities, based on the geopolitical situation, the economy, and the regulatory framework.

Europe

• The European Union has launched the European Defence Fund, which aims to foster collaboration among member states in developing advanced military technologies, including portable electronics.
• Countries like Germany and France are increasing their defense budgets, leading to a rise in procurement of man portable military electronics to enhance their operational capabilities.

Asia Pacific

• China's military modernization efforts have led to significant investments in portable military electronics, with companies like Huawei and China Electronics Technology Group Corporation (CETC) developing advanced communication systems.
• India's 'Make in India' initiative is encouraging local production of military electronics, with the government promoting partnerships with private firms to enhance indigenous capabilities.

Latin America

• Countries like Brazil and Colombia are beginning to modernize their military forces, leading to increased interest in man portable military electronics, particularly in surveillance and communication systems.
• The region is witnessing a rise in defense cooperation agreements, which are facilitating technology transfers and joint development projects in military electronics.

North America

• The U.S. Department of Defense has initiated several programs aimed at integrating advanced electronics into soldier systems, including the Integrated Visual Augmentation System (IVAS), which enhances situational awareness and decision-making.
• Key players like Harris Corporation and Raytheon are investing heavily in R&D to develop next-generation portable military electronics, focusing on miniaturization and increased functionality.

Middle East And Africa

• The ongoing conflicts in Syria and Yemen have prompted countries in the region to invest in portable military electronics to improve their operational effectiveness on the battlefield.
• The UAE has been actively collaborating with defense contractors like Thales and Leonardo to develop advanced portable systems tailored to their specific military needs.

Did You Know?

“Did you know that the global demand for man portable military electronics is significantly influenced by the increasing use of unmanned systems, which require advanced communication and control technologies?” — Market Research Future

Segmental Market Size

The field of military portable radio equipment plays a vital role in the combat capabilities of the armed forces and is currently growing steadily. In particular, the increasing need for modern communication systems and situational awareness tools is driving the demand, as military operations are becoming increasingly complex and technology-driven. Further growth drivers include modernization and interoperability policies, which require equipment to be interoperable with allied forces. During the field trial stage, the most important projects are the Integrated Tactical Communications System of the U.S. Army and the Future Soldier System of the United Kingdom. The main applications are communication devices, surveillance systems and navigation aids. The most important companies in this field are the American company Harris and the French company Thales. Asymmetric warfare and the need to increase the survivability of soldiers are driving the growth, while artificial intelligence and advanced materials are shaping the future of military portable radio equipment.

Future Outlook

The market for hand-held military equipment is forecast to grow from $ 103,701,000 in 2023 to $1,520,000 in 2032, at a compound annual growth rate (CAGR) of 4.34%. The increase is based on the increasing demand for advanced communication systems, surveillance equipment and situational awareness equipment by military forces around the world. As nations modernize their armed forces, the integration of new technology such as artificial intelligence, augmented reality and enhanced cyber security measures will drive the adoption of hand-held military equipment to ensure that military personnel are equipped with the most effective tools for achieving operational success. The advancement of key technological developments, especially miniaturization and the use of batteries, will increase the functionality and usability of hand-held military equipment. And the increasing importance of soldier modernization programs and the need for interoperability between allied forces will further drive the penetration of the market. Also, the increasing use of unmanned systems and the transition to network-centric warfare will create new opportunities for innovation in the market. So, it is essential for companies operating in the hand-held military equipment market to stay on top of these developments and invest in R & D to maintain their competitive edge in the evolving market.