Global Man-Portable Military Electronics Market is expected to Reach USD 19.67 Billion in 2019: Transparency Market Research - 47 ABC - Delmarva's Choice

Global Man-Portable Military Electronics Market is expected to Reach USD 19.67 Billion in 2019: Transparency Market Research

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SOURCE http://www.transparencymarketresearch.com/

ALBANY, New York, June 23, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Man-Portable Military Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global man-portable military electronics market was valued at USD 15.10 billion in 2013, growing at a CAGR of 3.84% from 2014 to 2019 to account for USD 19.67 billion in 2019.

Browse the full Man-Portable Military Electronics Market report at http://www.transparencymarketresearch.com/man-portable-military-electronics-market.html

The major factor driving the growth of this market is the soldier modernization programs undertaken by military forces worldwide. Countries such as the U.S., France, India, and Australia have taken military modernization initiatives on a massive scale. These long term programs will ensure the continued demand for man-portable military electronics during the forecast period. Growing demand for miniature unmanned aerial vehicles (M-UAVs) is expected to stimulate the category growth and as well as the growth of the overall market. The growth of this market is further fuelled by the increasing need for advanced man-portable equipments with reduced size, weight, and power consumption (SWAP).

On the basis of product type, the man-portable military electronics market can be categorized into six segments including communications, command and control, ISTAR (intelligence, surveillance, target acquisition and reconnaissance), imaging, force protection, and ancillary electronics. Communication segment was the largest segment and accounted for 45.5% of the global market in 2012, due to worldwide increase in demand for manpack radios and transceivers. The communication equipment market is expected to grow at a CAGR of 4.1%.

In 2013, the North America market was the leading revenue generator for man-portable military electronics market. The dominance of North America is due to technological advancement and huge expenditure in defense sector. Replacement of ageing communication equipment with modern high-end devices is also driving the growth of man portable communication devices in the region.

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The report provides company market share analysis of the various industry participants. Key players have also been profiled on the basis of company overview, financial overview, business strategies, SWOT analysis and recent developments in the field of passive optical network equipment. Major market participants profiled in this report include AeroVironment, Aselsan Inc, Codan Ltd, Elbit Systems Ltd, ITT Exelis Inc, Finmeccanica S.p.A, FLIR Systems, General Dynamics, Harris Corporation, L-3 Communications Holdings, Inc, Rockwell Collins, Inc, Saab AB, Safran Group, Sierra Nevada Corporation, and Thales Group among others.

Man-Portable Military Electronics Market 

By product types

  • Communication
  • Command and control
  • Imaging
  • ISTAR
  • Force protection
  • Ancillary electronics

Browse the full Man-Portable Military Electronics Market report at http://www.transparencymarketresearch.com/man-portable-military-electronics-market.html

By geography

  • North America
    • U.S.
  • Europe
    • U.K
    • Russia
    • France
    • Italy
    • Germany
  • Asia Pacific
    • China
    • India
    • Australia
    • Japan
    • South Korea
  • Rest of the World (RoW)
    • UAE
    • Israel
    • Brazil
    • South Africa
    • Turkey

Browse Defense and Aeronautics Market Research Reports @ http://www.transparencymarketresearch.com/defense-and-aeronautics-market-reports-21.html

About Us 

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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