ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the release of a report titled “Man-Portable Military Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.” This report states that growing at a CAGR of 3.8% from 2013 to 2019, the global man-portable military electronics market will reach US$19,674.5 million in 2019 from US$15,100 million in 2012.
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The global market for man-portable military electronics is primarily driven by programs being undertaken by several military forces all across the globe for soldier modernization. India, the U.S., Australia and France are some of the main countries that have taken to soldier modernization programs in a big way. Man-portable military electronics refer to all those devices and equipment that aim at increasing the operational capabilities of the military during war time situations. The global man-portable military electronics market is segmented based on the type of products and geography. The different types of products include command and control, imaging, communications, ancillary, and ISTAR electronics.
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Geographically, this market is classified into Europe, the Asia Pacific, North America, and Rest of the World. Due to high expenditure on the defense sector and technological developments, the global man-portable military electronics market is dominated by North America. Due to greater number of counter terrorism activities worldwide, and huge investments in military technologies, the second largest market for man-portable military electronics after North America is Europe. The Asia Pacific region is expected to witness significant growth in the forthcoming months due to several military modernization programs being undertaken by the governments of the countries in this region. Some of the key players operating in this market are AeroVironment, Inc., Thales Group, Sierra Nevada Corporation, Safran S.A., and Rockwell Collins, Inc.
Press Release: http://www.transparencymarketresearch.com/pressrelease/man-portable-military-electronics-market.htm
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