Global Man-portable Military Communication Systems Market Analysis 2021
The Global Man-portable Military Communication Systems Market is expected to reach $49.59 billion by 2027 growing at a CAGR of 5.2% from 2020 to 2027. A man-portable military communication system is considered to be a compact and strong amplification system which is used in field and defense communications. The lifecycle of the man-portable military communication system is approximately around 10 years and the upgradation related to software and hardware are done in the midlife of the systems and are interdependent on the lifecycle of each other. The future of man-portable communication systems will be the software defined radios and very small aperture terminals (VSATs).
Factors such as evolution of faster satellite-based communication and the advent of newer-generation portable SATCOM devices that are highly effective even in contested environments are driving the growth of the market. However, global economic turndown that is triggered by the pandemic is restraining the growth of the market.
Based on communication type, the satellite segment is going to have a lucrative growth during the forecast period which can be attributed to the low latency and high transmission rate of this mode of communication. There is an increased focus on satellite-based cellular networks into battlefield communications to provide secure and faster communications for mobile forces. Militaries are partnering with communication systems manufacturers to integrate satellite-based cellular networks into battlefield communications to provide secure and faster communications for mobile forces.
The key vendors mentioned are Elbit Systems Ltd, General Dynamics Corporation, L3Harris Technologies, Inc, Raytheon Technologies Corporation, and Thales Group.
Communication Types Covered:
• North America
• Asia Pacific
• South America
• Middle East & Africa
Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period
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