The man-portable military electronics market is fragmented on the basis of two categories. These include products and geographies. The products market consists of command and control, communications, ISTAR (Intelligence, Surveillance, Target Acquisition and Reconnaisance), imaging, ancillary electronics and force protection. The four geographies into which the man-portable military electronics market is segmented are Europe, North America, rest of the world and Asia Pacific.
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Man-movable military electronics are inclusive of transportable devices which enable and improve operational capabilities of army personnel in wars and battles. These devices serve as force enhancers by offering high-tech situational consciousness and direct relation contacts to descended soldiers. They play a major role in helping soldiers gain speed, receptiveness, flexibility and quickness on battlefield. The forecast phase lasts from 2013 to 2019.
The benefits obtained from man-movable military electronics propel further development of the man-portable military electronics market. The market was projected to have garnered income worth about USD 15, 100 million in 2012. It is predicted to rise at about 4 percent CAGR during the forecast phase and attain around USD 19, 674 million by 2019. The man-portable military electronics market is steered further by programs carried out by various armies for transforming their soldiers.
Australia, the United States, India and France are some of the nations which have already started this. Various innovations in man-movable military electronics also propel further development of the market and offer it future prospects of growth. North America leads the man-portable military electronics market in the world. This is because of innovations in technologies and high expenses in defense.
Information Source: Radiant Insights