Man-portable Military Communication Systems Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 

Man-portable Military Communication Systems Market Analysis:

1. In 2020, the man-portable military communication systems market had a valuation of USD 3.39 billion. However, due to the COVID-19 pandemic, there were disruptions in the supply chains of various market players. Despite this, these players were able to adapt their operations in response to the pandemic, thereby minimizing its impact on the market. Looking ahead, the market is expected to experience a compound annual growth rate (CAGR) of over 3.4% during the forecast period from 2021 to 2030.

2. Despite a decline in the global GDP, global military spending saw a notable increase of 2.6% in 2020, as reported by SIPRI. This increase is a positive sign for the man-portable military communication systems market. However, it is important to note that defense spending may face challenges in the future due to the economic downturn caused by the pandemic. This potential decrease in defense spending could pose a hurdle to the market’s growth in the coming years.

3. The rise of asymmetric warfare has compelled military forces to enhance their battlefield communication capabilities. This includes the need for improved situational awareness, quick access to command and control information at the individual soldier level, and a growing demand for greater bandwidth. As a result, there is a growing adoption of newer generation man-portable military communication systems. Additionally, advancements in satellite-based communication and the development of highly effective portable SATCOM devices that can operate even in contested environments are expected to drive the demand for these communication systems in the forecast period.

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