PUBLISHER: Azoth Analytics | PRODUCT CODE: 1496160
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1496160
Azoth Analytics has released a research report titled "Global Man Portable Military Electronics Market (2024 Edition)" which provides a complete analysis of the Global Man Portable Military Electronics industry in terms of market segmentation By Product Type (Portable Radio, Thermal Imaging Systems, Mini Unmanned Aerial Vehicles, Other Devices), By Application (Communication, ISTAR, Force Protection, and Others) By End-User (Army, Navy, Airforce, and Homeland) for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030.
The report analyses the Man Portable Military Electronics Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Russia, United Kingdom, Germany, France, China, India, Japan, and South Korea). The Global Man Portable Military Electronics market showcased growth at a CAGR of 4.14% during 2020-2023. The market was valued at USD 3.92 Billion in 2023 which is expected to reach USD 5.32 Billion in 2030. The Man Portable Military Electronics Market is experiencing significant growth and operational expansion due to a confluence of technological innovation, increased defense spending, and evolving security dynamics. This market includes a wide range of portable electronic devices designed for use by military personnel, such as advanced communication systems, surveillance and reconnaissance equipment, force protection devices, and navigation aids. These devices are essential for enhancing situational awareness, improving communication and coordination, and ensuring the safety and operational effectiveness of soldiers in various combat and non-combat scenarios.
One of the primary drivers of this market is the rapid advancement in technology. Innovations in areas such as miniaturization, battery efficiency, and connectivity are leading to the development of lighter, more durable, and more capable man portable devices. For instance, advancements in battery technology are allowing for longer operational times without the need for frequent recharging, while improvements in materials science are making devices more robust and resistant to harsh environments. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) into these devices is enhancing their functionality, enabling real-time data analysis, predictive maintenance, and autonomous operations.
Increased defense budgets globally are also fueling the growth of this market. Many nations are ramping up their defense spending in response to heightened geopolitical tensions and the need to modernize their armed forces. This surge in funding is enabling the procurement of sophisticated man portable electronics that provide a strategic advantage on the battlefield. Countries such as the United States, China, and India are leading in defense expenditures, driving significant demand for advanced military technologies.
The nature of modern warfare and security threats is another critical factor driving market growth. The rise of asymmetric warfare, cyber threats, and terrorism necessitates the use of advanced, portable electronic devices that can provide real-time situational awareness, secure communication, and enhanced reconnaissance capabilities. These evolving threats require military forces to be more agile, well-informed, and technologically equipped, leading to increased investments in man portable military electronics.
Strategic partnerships and collaborations among defense contractors and technology firms are further propelling the market. Companies are increasingly joining forces to leverage each other's expertise, share resources, and co-develop cutting-edge solutions. These collaborations facilitate the rapid development and deployment of innovative products, allowing companies to offer comprehensive and integrated systems to military customers. For instance, partnerships between traditional defense giants like Lockheed Martin and technology firms specializing in AI and cybersecurity are creating new avenues for product development and market penetration.
The market landscape is highly competitive, with established players and emerging firms vying for market share. Leading companies such as Lockheed Martin, BAE Systems, Thales Group, and Elbit Systems are at the forefront, continuously investing in research and development to maintain their competitive edge. These companies are developing next-generation military electronics that incorporate the latest technological advancements to meet the specific needs of modern military operations.
Government procurement programs and structured defense contracts dominate the market, with defense organizations being the primary customers. These programs ensure a steady demand for man portable military electronics, as governments prioritize equipping their forces with the latest technologies. Regional dynamics also play a crucial role, with significant growth observed in North America, Europe, and Asia Pacific, driven by heightened defense spending and modernization initiatives.
Moreover, the increasing focus on soldier modernization programs and the need for rapid deployment and mobility in various combat scenarios will continue to drive demand for lightweight, rugged, and versatile military electronics. As global security dynamics evolve, the need for advanced, portable, and efficient military electronics will remain critical. Military forces will continue to prioritize the procurement of these devices to maintain their strategic edge, ensuring the continued expansion and innovation within this market.
Scope of the Report:
List of Tables
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: United States Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A3: United States Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A4: United States Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A5: United States Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A6: United States Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A7: United States Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A8: Canada Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A9: Canada Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A10: Canada Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A11: Canada Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A12: Canada Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A13: Canada Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A14: Rest of Americas Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A15: Rest of Americas Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A16: Rest of Americas Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A17: Rest of Americas Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A18: Rest of Americas Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A19: Rest of Americas Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A20: Russia Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A21: Russia Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A22: Russia Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A23: Russia Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A24: Russia Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A25: Russia Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A26: United Kingdom Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A27: United Kingdom Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A28: United Kingdom Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A29: United Kingdom Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A30: United Kingdom Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A31: United Kingdom Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A32: Germany Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A33: Germany Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A34: Germany Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A35: Germany Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A36: Germany Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A37: Germany Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A38: France Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A39: France Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A40: France Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A41: France Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A42: France Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A43: France Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A44: Rest of Europe Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A45: Rest of Europe Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A46: Rest of Europe Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A47: Rest of Europe Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A48: Rest of Europe Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A49: Rest of Europe Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A50: China Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A51: China Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A52: China Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A53: China Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A54: China Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A55: China Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A56: India Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A57: India Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A58: India Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A59: India Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A60: India Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A61: India Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A62: Japan Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A63: Japan Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A64: Japan Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A65: Japan Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A66: Japan Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A67: Japan Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A68: South Korea Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A69: South Korea Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A70: South Korea Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A71: South Korea Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A72: South Korea Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A73: South Korea Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A74: Rest of Asia Pacific Man Portable Military Electronics Market, By Product Type, By Value, 2020-2023 (USD Billion)
Table A75: Rest of Asia Pacific Man Portable Military Electronics Market, By Product Type, By Value, 2024-2030 (USD Billion)
Table A76: Rest of Asia Pacific Man Portable Military Electronics Market, By Application, By Value, 2020-2023 (USD Billion)
Table A77: Rest of Asia Pacific Man Portable Military Electronics Market, By Application, By Value, 2024-2030 (USD Billion)
Table A78: Rest of Asia Pacific Man Portable Military Electronics Market, By End-User, By Value, 2020-2023 (USD Billion)
Table A79: Rest of Asia Pacific Man Portable Military Electronics Market, By End-User, By Value, 2024-2030 (USD Billion)
Table A80: Elbit Systems Key Company Financials, 2021-2023
Table A81: Lockheed Martin Key Company Financials, 2021-2023
Table A82: General Dynamics Corporation Key Company Financials, 2021-2023
Table A83: BAE Systems Key Company Financials, 2021-2023
Table A84: Codan Ltd Key Company Financials, 2021-2023
Table A85: RTX Key Company Financials, 2021-2023
Table A86: L3Harris Key Company Financials, 2021-2023
Table A87: Safran Key Company Financials, 2021-2023
Table A88: Aselsan AS Key Company Financials, 2021-2023
Table A89: Thales Group Key Company Financials, 2021-2023