Modernisation Efforts Continue To Play A Crucial Role In $3.1B Man Portable Military Electronic Market Growth
Man portable military electronics are now viewed as crucial military equipment. Their role is as a force multiplier, providing direct link communications and advanced situational awareness to armed forces. Technological advances in both miniaturisation and telecommunications mean that in recent years the possibility of providing advanced battlefield awareness and connectivity to the dismounted warfighter has dramatically increased.
An independent business intelligence provider, has recently released its latest defence report, The Man Portable Military Electronics Market Forecast 2014-2024: Future Prospects for Leading Players. This report finds overall market growth over the forecast period as more nations enter the market and technological advances realise new capabilities.
A detailed analysis of the latest political, economic and technological trends lies at the heart of the unparalleled quantitative and qualitative analysis of the man portable military electronics market. The new report has assessed that global spending on man portable military electronics will amount to $3.1bn in 2014.
The 246 page report is packed with 229 tables, figures and charts that illustrate key trends in the market at the global level, in 6 technology submarkets and in 15 leading national markets. Of these leading national markets 7 have been also broken down by submarket, giving a deeper analysis of the market. The report profiles the 15 leading man-portable equipment companies. The report also contains an interview with Ben Walker, Business Development Manager of rugged computing specialists GRiD Defence Systems.
The lead analyst for the report commented “Our research indicates that the withdrawal of ISAF troops and the strategic realignment of military efforts by a number of leading national markets will, to a certain extent, have a negative impact upon the man portable military electronics market, particularly in the short term.
However, increased efforts of nations such as India, Russia and Turkey to modernise their armed forces will provide new market opportunities. It is believed that a lowering of barriers to entry with technological advancements made over the past decade will create new demand for man portable communication and ISTAR systems. This new demand will drive growth within the market and mitigate any contraction in leading markets.”
The Man Portable Military Electronics Market 2014-2024: Future Prospects for Leading Players report will be of impressive value to current, and future, investors into the industry, as well as to companies and research centres who wish to broaden their knowledge of the man portable military electronics market.