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Man-Portable Military Electronics Market Growing at a CAGR of 3.84% from 2014 to 2019 to Account for USD 19.67 Billion in 2019.By Transparency Market Research.

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

 
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Albany, NY -- (SBWIRE) -- 06/27/2014 -- 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 ofNorth 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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Man-Portable Military Electronics Market

By product types
ommunication
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

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