North America to Lead World Man-Portable Military Electronics Market through 2027, Expects SDI in Its New Report Available at MarketPublishers.com
30 Oct 2017 • by Natalie Aster
LONDON – In the wake of the rising sophistication of the military operations across the globe, the demand for portable electronics is increasing at a swift pace, thus, encouraging several top defense spenders to make huge investments in the man-portable military electronics devices. Moreover, growth in this market is spurred by enhancing focus on soldier modernisation and escalating demand for novel man-pack communication devices, wearable night vision, M-UAV and thermal imaging systems.
In 2017, the world’s market for man-portable military electronics climbed to the value of USD 4.7 billion. In the next 10 years, the market value is predicted to continue increasing at a modest 3.29% CAGR to touch USD 6.4 billion by the year 2027.
During 2017-2027, the man-portable military electronics market is anticipated to be led by the communication segment, which is set to grab a 56.7% share of the overall market.
Regionally, the North American region is projected to hold the dominant position in the world’s man-portable military electronics market through 2027, accounting for a share of around 37.8%; it will be closely followed by APAC with a 36% share.
New topical research study “Global Man-Portable Military Electronics Market 2017-2027” elaborated by Strategic Defence Intelligence (SDI) provides access to an in-depth analysis of the market with data on its historical background, current scenario and future possible development trends over 2017-2027. Besides, this study sheds light on the market dynamics and the major growth propelling and hampering factors, identifies and discusses the emerging market growth opportunities and threats, canvasses the prevailing trends. It also covers the demand influencing factors, reviews the recent industry developments and product launches, describes the competitive environment, profiles the leading companies engaged into the man-portable military electronics industry and offers details on the ongoing programs undertaken by defense ministries of various countries. Additionally, a comprehensive future outlook through 2027 is at hand.
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