According to a new market research report "Man-Portable Communication Systems Market by Platforms (Land, Airborne, Naval), Application (Software Defined Radios, SATCOM, Encryption, Smartphones, Homeland Security, Commercial), & by Geography (North America, Asia-Pacific, Europe, the Middle East & ROW) - Forecast & Analysis (2014-2019)", published by MarketsandMarkets, the market is estimated to be $30.15 Billion in 2014 and is expected to register a CAGR of 5.56% to reach$39.52 Billion by 2019
Browse 81 market data tables and 61 figures spread through 205 pages and in-depth TOC on "Man-Portable Communication Systems Market - Forecast & Analysis (2014-2019)".
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This report provides a market analysis of the man-portable communication systems for the next five years. It provides an overview of drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the man-portable communication systems market. It tracks, analyzes, and lays out the market size of the major spenders in each region and analyses application sectors such as software defined radios, SATCOMs, Encryption, public safety in Homeland Security and the commercial sector. The report also analyzes the market share by procurement, integration, and maintenance. It provides information of the leading competitors in the man-portable communication systems.
There will be an increasing demand in encryption devices such as software defined radios, smartphones, GPS systems, and other tactical communication devices in the emerging markets. Software applications in software defined radios will be a key area for growth in this market. The driving factor for this market will be the emergence of virtual channels and Augmented Reality (AR).
The environments in which military operations occur have always been complex, and modern operations have only served to increase this complexity. Several military requirements and capabilities have speciﬁcally driven the development of man-portable systems, along with AR systems.
Encryption of classified information is critical to safeguard both military operations success and personnel safety. Using commercial off-the-shelf technologies, standard encryption algorithms, and digital signatures will enable the timely distribution of classified information. Encryption devices will be the pillar of this market, ensuring safety in communication across all platforms (land, naval, and airborne).
The growth for this market will be slow in Europe and North America. There will be a slight decline in the global share of advanced markets. The decline is not attributed to a reduction in defense expenditure of western markets (Europe and the U.S.), but rather significant investment growth in most emerging markets (BRIC). The Middle East region will continue to increase its spending in the portable communications market.
It also provides details on their financial positions, key products, their unique selling points, and key developments. This research report also segments the market on the basis of application, region, country, forecasting revenues, market share, and analyzing trends in each of the sub-sectors.
The market will unlock the growth potential in software defined radios, smartphones, and VSATs. Progressive technologies and Blue Ocean strategies will be implemented during the forecast period and there will be an increasing demand for more integrated systems across all platforms, especially land-based systems. Software defined radios will continue to progress and add value to portable communication capabilities.
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Wireless technologies in Man-Portable Communication Systems Market will proliferate rapidly during the forecast period. The technological boom in this market will create an increasing demand for the radio spectrum.
Cognitive radios will be the new innovative technology in this market and their integration with other communication systems in realistic conditions will be a challenge for the defense forces.
The key players in this region will be Harris Corporation, Rockwell Collins, Saab AB, and BAE Systems. ViaSat, Codan Limited, and Aselsan will also seek new opportunities in this market.
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