Overhaul of Defense Capabilities to Drive Man-Portable Military Electronics Market

Man-portable military electronics include portable equipment that facilitates or enhances the capabilities of military personnel on the battlefield. Man-portable military electronics act as a force multiplier by providing advance situational information and offer direct link communications to soldiers on field. Man-portable military electronics are crucial to achieving high speeds, agility and quick responsiveness to combat soldiers in battlefields and war fronts. According to a report published by Transparency Market Research, the global man-portable military electronics market which was valued to be US$15.10 bn in 2012 is expected to rise to US$19.67 bn by 2019, expanding at a 3.8% CAGR between 2013 and 2019.

Man Portable Military Electronics Market Description:

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The global man-portable military electronics market is driven by soldier modernization programs which are undertaken by military forces worldwide. These modernization programs are long term programs and thus, will ensure continued demand for man-portable military electronics in the forthcoming years. India, France, Australia, and the U.S., where the modernization military initiatives are undertaken on a large scale, will compel the global man-portable military electronics market to a large extent.

The rising demand for miniature unmanned aerial vehicles (M-UAVs) and advanced portable equipment with reduced size, weight, and power consumption (SWAP) are expected to ensure that the global man-portable military electronics market flourishes.

Fresh Investments by Militaries Worldwide to Spur Demand for Man-portable Military Electronics

There is an increased focus and awareness among the government and defense and security chiefs of various countries for timely investments in the intelligence and surveillance sector, which is driving the man-portable military electronics market. The importance of adding ISTAR capabilities is being felt across defense and military sectors, thus encouraging the growth of the global man-portable military electronics market.

Although portable electronic device manufacturers have made significant improvements in the military and defense sectors, they have also increased the requirement for charged batteries. To solve the problem of batteries, products such as portable battery chargers have been invented. These portable chargers enable uninterrupted use of various electronic devices such as GPS units, radios, night-vision goggles, and mine detecting devices. The U.S. Army has invested in one such charger developed by the communications-electronics center (CERDEC), which functions under the aegis of the Development and Engineering Command.

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Moreover, substantial investments are being made in man-portable UAVs. In the United States, many such systems have been deployed in combat. Companies such as AeroVironment, for instance, has developed a man-portable drone, the RQ-11 Raven. Other organizations such as CATIC in China and the EADS in Europe are working on miniature drones that can be easily carried by soldiers.

Huge Expenditure Allowance in Defense Sector behind North America’s Domination in the Military Electronics Market

Today, North America is leading the man-portable military electronics market due to the high technological advancement in the region as well as the huge expenditure allowance enjoyed by the defense sector. Europe is the second largest market for man-portable military electronics owing to an increase in the counter-terrorism operations undertaken by the different countries in Europe. Asia Pacific is expected to become a promising market for man-portable military electronics owing to massive military modernization programs undertaken by the various governments in the region. Countries such as UAE, Turkey, and Brazil will drive the man-portable military electronics market in the Rest of the World region. 

Man-portable Military Electronics- Increasing Demand for Innovative Compact Man-Portable Equipments

The man-portable military electronics includes all the portable equipments which facilitates and enhances the functional capabilities of military personals in the battlefield. These electronic equipments act as a force multiplier by providing advanced situational awareness and direct link communications to dismounted soldiers. The man-portable military electronics are crucial in achieving speed, agility and responsiveness by combat soldiers in battlefield. In some countries such as France, Australia, and the U.S., long-term programs for the upgradation of surveillance modes have resulted in increasing demand for miniature unmanned aerial vehicles (M-UAVAS), which is in turn propelling the global man-portable military electronics market. Other than this, the demand for compact, lightweight, and power-efficient equipment is contributing to the growth of this market. Increasing R&D collaboration between product manufacturers and government agencies, introduction of cognitive radios that are tied with other communication systems, and untapped potential in developing countries will further accentuate the growth of this market. However, defense budget cuts and lack of adequate technological capabilities to facilitate network-oriented military communications will impede the growth of the man-portable military electronics market in the forecast period.

Man-portable Military Electronics and Its Market-

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Joint R&D Programs to Significantly Influence Global Man-portable Military Electronics Market

One of the most influential trends shaping the global man-portable military electronics market is the rising number of joint research and development programs between the manufacturing companies and government. Some of the top programs in this industry include JTRS HMS program, F-INAS (Future Infantry Soldier as a System) program, FN-6 MANPADS procurement, Night Vision Devices and Thermal Weapon Sights procurement, and Software and Systems Engineering Services program.

According to a leading market research firm based in the U.S., the global man-portable military electronics market will grow at a moderate CAGR of 3.8% during the forecast period of 2013 to 2019. The market was valued at US$15,100.0 million in 2012 and will reach a total value of US$19,674.5 million by the end of 2019.

Communications Sector to Lead Global Man-portable Military Electronics Market

The global man-portable military electronics market is broadly divided into imaging, command and control, force protection, communications, ancillary electronics, and ISTAR (intelligence, surveillance, target acquisition, and reconnaissance). The communication sector led the global man-portable military electronics market with a significant share of 45.5% in 2012. This segment will continue to demonstrate a high growth rate, as manpack radios and transceivers are the most common communication equipment that deliver direct link communications and advanced situational awareness to soldiers. The communications segment of the man-portable military electronics market will demonstrate a CAGR of 4.1% during the forecast period.

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Geographically, the global man-portable military electronics market is divided into North America, Asia Pacific, Europe, and Rest of the World. Till date, the North American man-portable military electronics market dominates the global market. The growth and development of the North American man-portable military electronics market is soaring, which can be attributed to technological advancements coupled with administrative willingness to spend significantly on various military products and technologies in the defense sector.

Another region expected to stay abreast of the competition in this industry is the Asia Pacific market. Several nations in Asia Pacific are currently engaging in military modernization programs. This will fuel the Asia Pacific market for man-portable military electronics during the forecast period. Other nations such as Turkey, Brazil, and the U.A.E. will also support the growth of the global man-portable military electronics market in the coming years.

The second leading regional market in the man-portable military electronics market will be Europe. European nations have rapidly expanded their counter-terrorisms operations and are currently being recognized for significant investments in military technologies. As a result, the European market for man-portable military electronics will show a promising growth in the coming years.

The top companies operating in the global man-portable military electronics market are Codan Limited, ASELSAN Inc., Elbit Systems Ltd., Finmeccanica S.p.A., Exelis Inc., Harris Corp., FLIR Systems, Inc., and Rockwell Collins, Inc.