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Published on: Jun 2020 | From USD $2900 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 86
The man-portable military communication systems market is projected to grow with a CAGR of more than 4% during the forecast period.
- The increasing military expenditure is supporting the growth of the market, by facilitating the procurement of new and advanced portable communication systems along with the modernization of the existing portable communication systems.
- The advancements in battlefield management systems and related technologies and growth in demand for network-centric warfare are driving the growth of the market.
- In addition, the evolution of faster satellite-based communication is anticipated to propel the demand for man-portable SATCOM devices during the forecast period.
Key Market Trends
Satellite Segment is Anticipated to Witness the Highest Growth During the Forecast Period
In segmentation by communication type, the satellite segment is expected to witness the highest CAGR during the forecast period. The use of satellite-based communication is increasing in the military, mainly due to the low latency and high transmission rate of this mode of communication. Militaries are partnering with communication systems manufacturers to integrate satellite-based cellular networks into battlefield communications to provide secure and faster communications for mobile forces. For instance, In December 2019, General Dynamics Mission Systems (GDMS) announced that it has been awarded a USD 731.8 million firm-fixed-price indefinite-delivery/indefinite-quantity contract for the Mobile User Objective System (MUOS) ground system sustainment. MUOS is a next-generation satellite communications system, which provides secure voice and data communications for the US forces. The company provides the integrated ground segments for MUOS, that will provide secure cell phone-like communications for warfighters on the move, with data transmission speed similar to using a civilian cellphone. Such developments are expected to bolster the prospects of the satellite segment during the forecast period.
North America Held the Largest Market Share in 2019
North America currently has the largest market share in the man-portable military communication systems market in terms of geography. A majority of the demand from North America is from the US. The US ArmyÕs tactical network modernization strategy involves developing and fielding a network that is more expeditionary and mobile, less complex, and better protected. The strategy is aimed at addressing the network challenges it is facing currently, and enabling the Army to Òfight tonightÓ while also actively seeking next-generation solutions to stay ahead of its potential adversaries. In this regard, the army is procuring portable military communication equipment that offers security, interoperability, and resilience to the ground units. In June 2019, Harris Corporation (now L3Harris) was awarded a second low-rate initial production (LRIP) order by the U.S. Army under the HMS (Handheld, Manpack & Small Form-Fit) IDIQ contract, for the procurement of AN/PRC-158 multi-channel Manpack radios for its ground units. The contract follows a previous IDIQ contract that includes a five-year base and an additional five-year option with a ceiling of USD 12.7 billion. The Army plans to purchase approximately 65,000 HMS Manpack radios under the IDIQ. Such contracts are expected to drive the growth of the region during the forecast period.
Competitive Landscape
L3Harris Technologies, Inc., General Dynamics Corporation, Raytheon Technologies Corporation, Elbit Systems Ltd., and Thales Group are some of the prominent players in the market. The defense manufacturing companies worldwide are focused on designing and developing inexpensive and lightweight, man-portable communication systems to reduce the burden on dismounted infantrymen. Thus, a high level of R&D is required to incorporate newer technologies and lightweight materials into the existing systems, in order to increase the agility and reduce the burden on the soldiers. This will help the players gain new contracts with the militaries, thereby enhancing their market presence and growth.
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1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Communication Type
5.1.1 Satellite
5.1.2 Radio
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 United Kingdom
5.2.2.2 Germany
5.2.2.3 France
5.2.2.4 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Japan
5.2.3.4 South Korea
5.2.3.5 Rest of Asia-Pacific
5.2.4 Latin America
5.2.4.1 Mexico
5.2.4.2 Brazil
5.2.4.3 Rest of Latin America
5.2.5 Middle-East and Africa
5.2.5.1 United Arab Emirates
5.2.5.2 Saudi Arabia
5.2.5.3 Israel
5.2.5.4 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 L3Harris Technologies, Inc.
6.2.2 General Dynamics Corporation
6.2.3 Viasat, Inc.
6.2.4 Thales Group
6.2.5 Lockheed Martin Corporation
6.2.6 BAE Systems PLC
6.2.7 Codan Group
6.2.8 Saab AB
6.2.9 Raytheon Technologies Corporation
6.2.10 Elbit Systems Ltd.
6.2.11 Rafael Advanced Defense Systems Ltd.
6.2.12 Sat-Com Communications Systems
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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