Man-Portable Communication Systems market to reach $5.11 billion by 2032, driven by defense modernization
From GlobeNewswire: 2024-11-25 09:00:00
The Man-Portable Communication Systems Market was valued at USD 3.47 billion in 2023 and is projected to reach USD 5.11 billion by 2032, growing at a CAGR of 4.4%. Defense modernization and technological advancements, like AI integration and network modernization, are driving market growth.
Advancing border security with Man-Portable Communication Systems is crucial for counter-terrorism efforts, with governments prioritizing secure communication systems. Investments in advanced technologies like secure software-defined radios and satellite communications enhance operational capabilities.
In 2023, hardware dominated the Man-Portable Communication Systems Market, with the Land segment leading due to the demand for secure communication in military, law enforcement, and emergency services. The Naval segment is projected to grow at a CAGR of 7.03%, driven by increasing maritime threats.
North America held a dominant 36% share of the global Man-Portable Communication Systems market in 2023, with significant government spending to enhance military capabilities. Europe is the fastest-growing region, with rising defense budgets and a focus on military modernization in response to security threats. Axiscades Technologies supplied the Indian Army with a man-portable counter-drone system to enhance security in operational settings. On November 14, 2024, L3Harris delivered an infrared payload for the SDA’s Tranche 1 Tracking Layer program to track advanced missiles like hypersonic glide vehicles in real time, marking a significant milestone.
The Man-Portable Communication Systems market report provides in-depth analysis, including statistical insights, trends, and market dynamics impact analysis. It also covers segmentation by application, end-user, platform, and product type, as well as regional analysis and company profiles. Access the complete report for insights and outlook from 2024-2032.
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