With the emergence and long-term Impact of COVID-19, the Global Man-Portable Communication Systems Market is to reach USD 74.2 billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Man-Portable Communication Systems Market is poised to raise up to USD 74.2 billion by 2030. The deployment of man-portable communication systems on military ships and aircraft is increasingly prevalent, aiming to secure data and voice transmissions efficiently, incorporating anti-jamming features. These systems play a crucial role in mitigating the impact of noises produced by military equipment and sirens, thereby enhancing the success rate of military operations. The adoption of man-portable communication systems is propelled by key drivers within the defense industry. There is a rising surge in their use within defense forces. These systems are increasingly becoming integral components for military operations, enhancing communication capabilities, and securing data and voice transmissions.
Also, the expansion of government funding in research and development activities is a significant driver. Governments are allocating increased financial resources to advance the technological capabilities of man-portable communication systems. As per the US Department of Defense, the budget proposal for the current year encompasses approximately USD 145 billion designated for research, development, testing, and engineering—an increase of 12% compared to the fiscal year 2023. This allocation also stands as the largest in the history of the department. Within the research, development, testing, and engineering budget, emphasis is placed on 14 critical technology areas identified as imperative for investment by the department, a determination made by Shyu in early 2022.
Also, the proportion of the US security budget allocated to defense technology innovation is anticipated to show minimal fluctuations in the next five years, as outlined in the Department of Defense’s plan for the fiscal year 2023. In terms of monetary value, funding might experience an increase from the current USD 34 billion to USD 40 billion by 2023, maintaining relative stability through 2027, excluding adjustments for inflation and additional congressional allocations. However, Reduction in defense budgets and lack of availability of skilled workforce stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Man-Portable Communication Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Man-Portable Communication Systems Market is primarily led by North America, driven by a rise in defense spending in the U.S. and the presence of advanced technological infrastructure in the region. Meanwhile, significant growth is anticipated in the Asia-Pacific region from 2023 to 2030. This growth can be attributed to increased expenditure in developing the portable communication industry and widespread deployment, fostering enhanced connectivity across military and defense segments in the region.
The global Man-Portable Communication Systems Market is highly competitive owing to the presence of several key manufacturers such as L3Harris Technologies, Inc. (US), Northrop Grumman. (US), Rheinmetall AG (Germany), Lockheed Martin Corporation. (US), Raytheon Technologies Corporation (US), BAE Systems. (UK), General Dynamics Corporation (US), Thales (France), and others.
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Key findings of the study suggest:
- Global Man-Portable Communication Systems Market is anticipated to grow with a healthy growth rate of more than 5.90% over the forecast period 2023-2030.
- In the application segment, Satellite Communications (SATCOM) emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rise in defense spending.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Platform Type:
- Land-Based
- Naval
- Airborne
By Application:
- Software Defined Radios (SDR)
- Satellite Communications (SATCOM)
- Encryption
- Smartphones
- Homeland Security
- Commercial
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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