Press release
Man-Portable Military Communication Systems Market Size, Status, Demand and Global Outlook 2027
The Man-Portable Military Communication Systems market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue and forecast 2028. This report also includes the overall and comprehensive study of the Man-Portable Military Communication Systems market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the Man-Portable Military Communication Systems industry and provides data for making strategies to increase market growth and effectiveness.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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Markets Segmentation:
Top leading Companies Profiled in Man-Portable Military Communication Systems Market Report are Ê- L3Harris Technologies, Inc., General Dynamics Corporation, Viasat, Inc., Thales Group, Lockheed Martin Corporation, BAE Systems PLC, Codan Group, Saab AB, Raytheon Technologies Corporation, Elbit Systems Ltd., Rafael Advanced Defense Systems Ltd., Sat-Com Communications Systems
Industry Updates
L3Harris Technologies, Inc., General Dynamics Corporation, Raytheon Technologies Corporation, Elbit Systems Ltd., and Thales Group are some of the prominent players in the market. The defense manufacturing companies worldwide are focused on designing and developing inexpensive and lightweight, man-portable communication systems to reduce the burden on dismounted infantrymen. Thus, a high level of R&D is required to incorporate newer technologies and lightweight materials into the existing systems, in order to increase the agility and reduce the burden on the soldiers. This will help the players gain new contracts with the militaries, thereby enhancing their market presence and growth.
Market Overview
- The increasing military expenditure is supporting the growth of the market, by facilitating the procurement of new and advanced portable communication systems along with the modernization of the existing portable communication systems.
- The advancements in battlefield management systems and related technologies and growth in demand for network-centric warfare are driving the growth of the market.
- In addition, the evolution of faster satellite-based communication is anticipated to propel the demand for man-portable SATCOM devices 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.
Regional Analysis:
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)
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Key Takeaways from Man-Portable Military Communication Systems Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the Man-Portable Military Communication Systems market - key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance - Man-Portable Military Communication Systems market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Man-Portable Military Communication Systems
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In conclusion, the Man-Portable Military Communication Systems market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Man-Portable Military Communication Systems Industry business competitors. Our expert research analyst's team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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