Japan, Japan, Thu, 31 Mar 2022 03:40:32 / Comserve Inc. / -- The man-portable military communication systems market is projected to register a CAGR of more than 4% during the forecast period.
The man-portable military communication systems market is projected to register a CAGR of more than 4% during the forecast period.
- 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.
Request To Download Sample of This Strategic Report: https://www.sdki.jp/sample-request-88064
Key Market Trends
Satellite Segment is Anticipated to Witness the Highest Growth During the Forecast Period
,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 United States. The US Army's 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.
Click Here to Download Sample Report: https://www.sdki.jp/sample-request-88064
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.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
For more information, please contact:Hina Miyazu
Shibuya Data Count
Tel: + 81 3 45720790
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.