Portable Military Equipment Market Analysis and Forecast by 2031

MARKET OVERVIEW

Portable military equipment is advanced communication devices that are easy to carry and use in combat operations. The market mainly includes communication products used to receive and transmit military data such as voice and video data signals. The increasing demand for advanced surveillance and communication solution from the military industry is the key driving factor for the market. The adoption of portable military equipment for defense authorities has enhanced the safety and capabilities of military units. The defense authorities invest heavily in C3ISR systems (Command, Control, Communication, Intelligence, Surveillance, and Reconnaissance) in order to enhance national security.

MARKET SCOPE

The "Global portable military equipment Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the portable military equipment market with detailed market segmentation by product, platform, and geography. The report provides key statistics on the market status of the leading Portable military equipment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of mode of product, the market is segmented as Communication, Command and control, ISTAR (intelligence, surveillance, target acquisition and reconnaissance), Force protection, and Ancillary electronics.
  
•   On the basis of platform, the market is segmented as airborne, naval, and land.
  
  

MARKET DYNAMICS

Drivers:

•   The rising demand of man-potable communication systems from land forces is one of the major driver for the growth of the portable military equipment market.
  
•   Increasing demand of lightweight and rugged equipment is propelling the market growth worldwide.
  

Restraints:

•   Emergence of alternative solution such as smartphones might restrain the growth the portable military equipment market.
  
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Portable military equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Portable military equipment market in these regions

IMPACT OF COVID-19 ON PORTABLE MILITARY EQUIPMENT MARKET

The outbreak of the COVID-19 has severely impacted the defense, aerospace, and other related industries. However, the market has minimal impact on the portable military equipment market, as governments continued spending on an advanced tactical communication system. The military sector of every nation has faced several disruptions in supply chain and production activities during the first half of 2021, while industry stabilized its process from the latter half. Regardless of the consequences of the COVID - 19 pandemic, the military expenditure for advanced systems remained stable, which supported the market growth in COVID - 19 pandemic.

MARKET PLAYERS

The report covers key developments in the portable military equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Portable military equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for Portable military equipment in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Portable military equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ASELSAN A..
  
•   Codan Communications
  
•   Elbit Systems Ltd
  
•   L3Harris Technologies, Inc.
  
•   PDT
  
•   Saab AB
  
•   SAFRAN
  
•   Teledyne FLIR LLC
  
•   Thales Group
  
•   Viasat, Inc.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Portable Military Equipment Report Scope