Market Size of Man-portable Military Communication Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 3.40 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Military Portable Communication Systems Market Analysis
The man-portable military communication systems market was valued at USD 3.39 billion in 2020, and it is expected to register a CAGR of over 3.4% during the forecast period (2021-2030).
The COVID-19 pandemic and the subsequent travel restrictions and lockdowns have caused disruptions in the supply chains of various players in the market. However, players have adjusted their operations in response to the pandemic in the latter half of the year, which has resulted in mitigating the pandemic's impact on the market.
Global military spending witnessed an increase of 2.6% in 2020 despite the fall in the global GDP, according to SIPRI. Though this is an encouraging factor for the market, defense spending may come down in the near future due to the global economic turndown triggered by the pandemic. This may challenge the growth of the market during the forecast period.
The growing focus on asymmetric warfare is forcing the militaries to develop their battlefield communication capabilities. The need for enhanced situational awareness, the necessity of quick command and control information availability at the individual soldier level, and the growing demand for more bandwidths are propelling the adoption of newer generation man-portable military communication systems.
The evolution of faster satellite-based communication and the advent of newer-generation portable SATCOM devices that are highly effective even in contested environments are anticipated to propel the demand for man-portable military communication systems during the forecast period.
