Man-Portable Military Electronics Market Projected For Healthy Growth Rate During The Forecast Period

Global Man-Portable Military Electronics Market: Overview

As terrorist activities grow worldwide, military spending increases by a notable value across the globe. And, this is pushing armies to demand for man-portable military electronic systems. The reason behind this procurement is to improve upon capabilities relating to land based warfare. Besides, a number of countries are on their way to upgrading their forces for better internal security and against foreign aggression.

All this will propel the global man-portable military electronic market to chart a decent growth trajectory over the forecast period of 2019 and 2027. The steady CAGR (Compound Annual Growth Rate) will lead to a higher value of the market by the end of the forecast period. This means that players operating the playfield will witness a slew of opportunities hitting up the market landscape.

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Global Man-Portable Military Electronics Market: Notable Developments

While man-made military electronics are seeing an upward curve owing to increase in requirement for products such as battlefield surveillance radar and micro air vehicles. Besides, players are focusing on innovation and investing heavily towards that end. Many are entering partnerships that promise future growth and larger profits

One of the most notable developments in this domain is the acquisition by Rockwell Collins of B/E Aerospace. It is pertinent to note here that later on Rockwell was acquired by UTC. That led to a stronger UTC portfolio. Further, the move consolidated UTC’s overall position in the market.

Owing to a large number of players present in the global man-portable military electronics market and the prominent ones are 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), among others.