The Key Players in Man Portable Military Electronics Market

Thursday 12 February 2015,

TechNavio recognizes the following companies as the key players in Global Man Portable Military Electronics Market: General Dynamics Corp., Harris Corp. , L-3 Communications Holdings Inc., Saab AB, Thales SA, AeroVironment Inc., ASELSAN AS, Codan Ltd., Elbit Systems Ltd., Finmeccanica SpA,FLIRSystems Inc., ITT Exelis, Rockwell Collins Inc. , Safran SA , Sierra Nevada Corp.

Commenting on the report, an analyst from TechNavio’s team said: “Globally, the defense departments of various countries are investing heavily in R&D. In an attempt to improve the existing technology, vendors are developing systems that can help augment the endurance and efficiency of the existing weapons in unfavorable conditions. For instance, there has been an increase in the demand for man portable military electronics systems that require low maintenance. Therefore, with the increase in R&D, the demand for advanced man portable military electronics systems is also increasing.”
According to the report, an increase in defense budgets is one of the major drivers. Countries such as China, India, Saudi Arabia, and Russia are expected to increase their defense budgets during the forecast period.

Further, the report states that one of the major challenges is the rapid technological advances taking place in the market. Rapid technological changes are forcing vendors to invest in upgrading their products, resulting in a decline in their profit margins.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.