Man-Portable Military Communication Systems Market Competitive Research And Precise Outlook 2021 To 2026

MarketInsightsReports has published a report entitled Global Man-Portable Military Communication Systems Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The man-portable military communication systems market is projected to grow with a CAGR of more than 4% during the forecast period.

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Key Market Players: L3Harris Technologies, Inc., General Dynamics Corporation, Raytheon Technologies Corporation, Elbit Systems Ltd., and Thales Group  and Other

Key Market Trends

Satellite Segment is Anticipated to Witness the Highest Growth During the Forecast Period

In segmentation by communication type, the satellite segment is expected to witness the highest CAGR during the forecast period. The use of satellite-based communication is increasing in the military, mainly due to the low latency and high transmission rate of this mode of communication. 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. For instance, In December 2019, General Dynamics Mission Systems (GDMS) announced that it has been awarded a USD 731.8 million firm-fixed-price indefinite-delivery/indefinite-quantity contract for the Mobile User Objective System (MUOS) ground system sustainment. MUOS is a next-generation satellite communications system, which provides secure voice and data communications for the US forces. The company provides the integrated ground segments for MUOS, that will provide secure cell phone-like communications for warfighters on the move, with data transmission speed similar to using a civilian cellphone. Such developments are expected to bolster the prospects of the satellite segment during the forecast period.

North America Held the Largest Market Share in 2019

North America currently has the largest market share in the man-portable military communication systems market in terms of geography. A majority of the demand from North America is from the US. The US Armys tactical network modernization strategy involves developing and fielding a network that is more expeditionary and mobile, less complex, and better protected. The strategy is aimed at addressing the network challenges it is facing currently, and enabling the Army to fight tonight while also actively seeking next-generation solutions to stay ahead of its potential adversaries. In this regard, the army is procuring portable military communication equipment that offers security, interoperability, and resilience to the ground units. In June 2019, Harris Corporation (now L3Harris) was awarded a second low-rate initial production (LRIP) order by the U.S. Army under the HMS (Handheld, Manpack & Small Form-Fit) IDIQ contract, for the procurement of AN/PRC-158 multi-channel Manpack radios for its ground units. The contract follows a previous IDIQ contract that includes a five-year base and an additional five-year option with a ceiling of USD 12.7 billion. The Army plans to purchase approximately 65,000 HMS Manpack radios under the IDIQ. Such contracts are expected to drive the growth of the region during the forecast period.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Man-Portable Military Communication Systems market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Man-Portable Military Communication Systems market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Man-Portable Military Communication Systems market.

Market Segments: This part of the report discusses product type and application segments of the global Man-Portable Military Communication Systems market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Man-Portable Military Communication Systems used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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