The global Man Portable Communications System market was worth 39.52 Billion US dollars in 2020 and is estimated that it will reach 62.41 billion US dollars by the end of 2026, registering a compound annual growth rate of about 5.56% between 2021 and 2026.
Increasing trend towards software defined radios and smartphones helps the growth of the market in the upcoming years.
Man Portable Communication system is nothing but a compact and a strong amplification system which is used in the field and defence communications which can be used for the secure voice as well as the data applications with the anti-jamming features. The man portable communications systems can also reduce the noises such as from the vehicles, sirens, military tanks and crowds to generate a clear message
The growth of the global Man Portable Communications Systems market is due to the increasing demand for advanced communications systems with reduced weight, size and also the power consumption in the defence application which helps the growth of the market during the significant period.
Other factors that support the growth of the global Man Portable Communications System market include benefits such as soldier level information required by the command and control systems. Furthermore, defence modernization programs in various countries, increasing need for high frequency and bandwidth in the industry, rising investments in R & D projects by the defence ministry, technological advancements such as integration across varied platforms for an effective net centric environment which allows the users to access the real data are some of the major driving factors which propels the growth of the market.
Reduction in defence budgets and high maintenance cost are some of the restraints which hinders the growth of the Man Portable Communications System market. Also, the lack of skilled professionals in the market is also one of the major restraints which reduces the growth of the market.
The Man Portable Communications System market is segmented based on platform and based on application.
By platform, the global Man Portable Communications System market was classified into land, airborne and naval. The land segment is expected to hold the dominance of the market attributed to the increasing need for more command and control information at the individual soldier level, emergence of virtual channels. Furthermore, increasing need for bandwidth also propels the growth of the market. This land segment will continue to dominate during the outlook period.
By application, the global Man Portable Communications System market was classified into software defined radios, SATCOM, encryption, smartphones, homeland security and commercial. The software defined radio segment is expected to have the highest CAGR during the forecast period and will hold the dominance due to the factors such as increasing adoption of Software defined radio by the major military forces all around the world in order to replace the old communication equipment. Furthermore, this technology will also provide flexibility, cost reduction and also the power to drive the communication with wide reachability.
North America Man Portable Communications System market has essential participation in the global business due to the increasing of R & D as well as the technological advancements in the Man Portable Communications System helps the growth of the market. Furthermore, rising defence modernization programs in various countries increasing investments by the major key players especially from some of the countries such as US and Canada is also another major driving factor which helps the growth of the market in North America region.
Asia Pacific region is expected to increase the market value owing to the factors such as increased number of government initiatives for the development of communication system helps the growth of the market of Man Portable Communications System in this region.
Europe region is expected to increase the growth of the Man Portable Communications System market followed by North America region and Asia Pacific region due to the increasing of investments by the companies for the latest developments during the forecast period.
Latin America is projected to have the higher growth rate in the coming years by owing to rapid adoption of the latest technologies. Launch of innovative technologies is also levelling up the demand of the market.
Middle East and Africa man portable communication system market is deemed to have required growth rate in the coming years.
The main players in the market are Codan Ltd., Aselsan, L-3 Communication Holdings Inc., ITT Corporation, Rockwell Collins, Saab AB, Harris Corporation, General Dynamics Corporation, Thales Group, and ViaSat.
Subsequent travel restrictions and lockdowns have caused disruptions in the supply chain of various market players due to the COVID. Most of the government authorities have imposed lockdown due to COVID 19, almost all the industries has affected including small scale industries and also large scale industries and has given work from home model for their employees to stop the spread of the corona virus. Most of the industries have adjusted to the present scenarios and has continued their operations which has resulted in mitigating the impact of the COVID 19 pandemic on the market. The market of Man Portable Communications System is expected to gain significant growth once the pandemic situation becomes normal.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Man Portable Communications System Market, By Platform
6.1.4 Market Size Estimations & Forecasts (2021-2026)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Man Portable Communications System Market, By Application
6.2.1 software defined radios
6.2.5 homeland security
6.2.7 Market Size Estimations & Forecasts (2021-2026)
6.2.8 Y-o-Y Growth Rate Analysis
6.2.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Platform
7.2.3 By Application
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Platform
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Platform
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Platform
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Platform
7.6.3 By Application
8. Key Player Analysis
8.1 L-3 communication Holdings Inc
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Codan Ltd
8.4 ITT Corporation
8.5 Rockwell Collins
8.6 Saab AB
8.7 Harris Corporation
8.8 General Dynamics Corporation
8.9 Thales Group
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures