The electronic
devices and gadgets used by defense personnel for training, mock drills, and
war are known as military electronic devices. The most common devices are
digital compasses, range finders, night vision systems, and electronic radios.
Military electronics plays a vital role in the modernization of the military.
The increase in the threat of terrorism and the rise in tensions between
countries are two of the drivers that are expected to propel the growth of the
market during the forecast period.
Analysts forecast
the Global Man-portable
Military Electronics market
will grow at a CAGR of 2.56 percent over the period 2013-2018.
The Report
recognizes the following companies as the key players in Global Man Portable
Military Electronics Market: General Dynamics Corp., Harris Corp. , L-3
Communications Holdings Inc., Saab AB, Thales SA, AeroVironment Inc., ASELSAN
AS, Codan Ltd., Elbit Systems Ltd., Finmeccanica SpA,FLIRSystems Inc., ITT
Exelis, Rockwell Collins Inc. , Safran SA , Sierra Nevada Corp.
Globally, the
defense departments of various countries are investing heavily in R&D. In
an attempt to improve the existing technology, vendors are developing systems
that can help augment the endurance and efficiency of the existing weapons in
unfavorable conditions. For instance, there has been an increase in the demand
for man portable military electronics systems that require low maintenance.
Therefore, with the increase in R&D, the demand for advanced man portable
military electronics systems is also increasing.
Covered in this Report
This report covers
the present scenario and the growth prospects of the Global Man-portable
Military Electronics market for the period 2014-2018. To calculate the market
size, the report considers the annual revenue generated from sales of
communication systems, command and control systems, ISTAR, imaging, force
protection systems, and ancillary electronics to the military for ground,
naval, and airborne operations.
Global Man-portable
Military Electronics Market 2014-2018, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the
Americas, EMEA, and APAC regions; it also covers the Global Man-portable
Military Electronics market landscape and its growth prospects in the coming
years. The report also includes a discussion of the key vendors operating in
this market.
According to the
report, an increase in defense budgets is one of the major drivers. Countries
such as China, India, Saudi Arabia, and Russia are expected to increase their
defense budgets during the forecast period.
Further, the report
states that one of the major challenges is the rapid technological advances
taking place in the market. Rapid technological changes are forcing vendors to
invest in upgrading their products, resulting in a decline in their profit
margins
