Summary - A new Market study, titled “Global Man-Portable Communication Systems Market Size study with COVID-19 impact, by Application (Software Defined Radios (SDR), Satellite Communications, Encryption, Smartphones, Homeland Security and Man-Portable Commercial Systems) and Regional Forecasts 2020-2027” has been featured on WiseGuyReports.
Global Man-Portable Communication Systems Market is valued approximately USD 39.52 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.56% over the forecast period 2020-2027. A man-portable communication system is taken into consideration to be a compact and strong amplification system which is utilized in field and defense communications. It is 's far used for secure voice as well as statistics applications with anti-jamming features and may reduce noises including from cars, sirens, military tanks and crowds, on the way to generate a clear message. The lifecycle of the man-portable communication system is about round 10 years and the upgradation related to software program and hardware are performed in the midlife of the structures and are interdependent at the lifecycle of every other. The future of man-portable communication systems will be the software defined radios and very small aperture terminals (VSATs). The efficient application of man-portable communication system in defense sector for exchanging essential information in adverse situations is the factor escalating the demand for man-portable communication systems. Therefore, rise in defense budget across the globe is propelling the growth of market over the forecast years. For instance: as per Government of India, the spending of defense in 2020, is assigned is as USD 65.86 billion which is an increase from USD 57 billion in 2018. Similarly, Department of Defense discretionary budget, United States, assigned USD 686.1 billion in defense in 2019 which increased to USD 721.5 billion in 2020. In addition, modernization & replacement of aging equipment is propelling the growth of market over the forecast years. However, power issues associated with man-portable communication systems is restraining the growth of market.
ALSO READ: https://www.openpr.com/news/2131932/global-man-portable-communication-systems-market-size-study
The regional analysis of global Man-Portable Communication Systems Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the emergence of virtual channels. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rise in defense budget of major economies would create lucrative growth prospects for the Man-Portable Communication Systems Market across Asia-Pacific region.
Major market player included in this report are:
Harris Corporation
Thales Group
Rockwell Collins
BAE Systems
Saab AB
Aselsan
CobhamPlc
Codan Limited
Elbit Systems
General Dynamics Corporation
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Software Defined Radios (SDR)
Satellite Communications
Encryption
Smartphones
Homeland Security
Man-Portable Commercial Systems
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Man-Portable Communication Systems Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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