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Global Military Manpack and Vehicular Radios Market to Register Moderate Growth Driven by Rising Investments from Defense Sector
A report recently added to the exhaustive database of MarketResearchReports.biz states that the global military manpack and vehicular radios market is anticipated to expand at a moderate CAGR of 4.59% from 2016 to 2020. The 67-page research report is titled “Global Military Manpack and Vehicular Radios Market 2016-2020” and has been designed with the help of inputs from leading experts within the industry and a detailed assessment of the market. The report offers an evaluation of the market landscape and its prospects over the next four years. It also provides a detailed discussion on the major vendors operating in the military manpack and vehicular radios market.
Military vehicular radio and manpack systems are modern mobile communication solutions that are used for the reception and transmission of data and voice signals, a process that is absolutely key in any military operation. Vehicle-mounted and man-portable radio systems have been improving the capability and safety of defense units for several years now. Heavy investments have been made by defense authorities so as to obtain necessary data from enemy units and strengthen national security. The growing demand from the defense industry for advanced electronic systems that are faster, more flexible, cost effective, and secure is a major factor boosting the military manpack and vehicular radios market.
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The report carefully examines the major factors propelling and challenging the growth of the global military manpack and vehicular radios market and discusses the potential impact of these factors during the forecast period. The report indicates that the global market for military manpack and vehicular radios is primarily driven by the rising demand for micro aerial vehicles (MAVs). On the flip side, military downsizing and budget cuts have been hindering the progress of this market. However, the development of military portable chargers is a trend that vendors can capitalize on in the coming years.
The research publication studies the global military manpack and vehicular radios market on the basis of product type and geography. By product type, the market is segmented into military vehicular radios and military manpack. By geography, the global market is classified into the Americas, Asia Pacific, and Europe, the Middle East and Africa. These segments have been evaluated in the report for the period starting from 2015 to 2020, with revenue figures presented in US$ billion.
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The most prominent players competing in the global military manpack and vehicular radios market include Harris, BARRETT Communications, Thales, Radmor, and Finmeccanica. Some of the other leading vendors participating in the global military manpack and vehicular radios market are Rockwell Collins, Elbit Systems, Codan, Safran, and FLIR Systems. The research study provides the revenue figures of each of the prominent companies, along with details pertaining to key business offerings, geographical segmentation, and business segmentation. The threats and opportunities faced by the vendors have been highlighted and evaluated in the report, in addition to their major strengths and weaknesses.
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