Man-portable communication devices have been around for quite some time. They have evolved from the basic walkie-talkies to the high-tech devices available on the present day. These devices play major role in the brining flexibility in providing communication to the remote areas and military operations. Technological additions in the existing devices and rising adoption across the different developed and developing regions are creating better growth prospects for the global man-portable communication systems market. As a result, the existing companies in the industry are looking forward to expand their businesses across the booming regions of the global marketplace. This is also providing great exposure to the small companies and potential investors.
Portable Communication System Market Segments
The global man-portable communication systems market is segmented on the basis of the types of platforms and applications of these systems. The prominent geographic regions of the market are also taken into consideration. Land-based, airborne and naval are the three basic platforms where these systems are deployed. Application areas of portable communication systems include SATCOM, software defined radios, homeland security, telephonic encryption, commercial devices and smartphones. Geographic regions include Middle East, North America, Asia Pacific, Europe and the rest of the world. Analysis of all these segments helps drawing conclusions about the industry drivers, trends, forecasts, and threats for the existing businesses. It also provides details of the growth areas, investment prospects and competitive outlook for the potential investors.
Trends and Forecasting
Increasing popularity of the devices based on software defined radios and such other high-tech innovations are creating strong growth prospects for the industry players. The ability to provide improved flexibility, large reach, lightweight devices, and higher mobility are some of the major drivers for the industry. Greater connectivity and strong deployment across military and defense segments of emerging markets act as major boosts for the global market. As a result, the man-portable communication systems market is poised to witness growth at an estimated CAGR of around 6% from 2014 to 2019. At the estimated compound annual growth rate, the industry is expected to grow from $30.15 billion (from 2014) to cross the figures of around $39.52 billion by the end of the year 2019.
Based on geographic regions, United States of America, India and Brazil are expected to be the major markets for the software defined radio (SDR) devices. India along with China is expected to dominate the market in terms of the production of cost effective commercial SDR devices. Increasing developments across emerging markets is considered to be a great sign for the future prospects of this market.