Albany, NY -- (SBWIRE) -- 03/30/2015 -- A thorough understanding of the overall global man-portable military electronics market can be achieved through the study "Man-Portable Military Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", published by Transparency Market Research. The report states that the global man-portable military electronics market stood at a value of US$15,100.0 million in 2012. However, with growth expected at a 3.8% CAGR from 2013 to 2019, the market is expected to reach US$19,674.5 million by the end of the forecast period. The information included in the man-portable military electronics market study report is studied on a global level. The report analyzes various market drivers, market opportunities, and their impact on the overall market for years to come, and provides estimates for the market's growth in terms of revenue (USD Billion) for the forecast period 2014-2019.

Browse the full Man-Portable Military Electronics Market report at http://www.transparencymarketresearch.com/man-portable-military-electronics-market.html

According to the report, the major driving force for the man-portable military electronics market is the soldier modernization programs carried out by the military forces of several countries across the globe. Several military modernization initiatives have been undertaken on a massive scale by various countries. Countries such as the U.S., India, France, and Australia have carried out long-term programs and have invested in modern man-portable military electronics for speed and agility in order to protect against any malicious activities or attacks.

Till date, North America has remained the dominant market player in the global man-portable military electronics market. Growth and development in North America is soaring due to technological advancements and the administrative willingness to spend heavily on various military products and technologies in the defense segment. In addition, the report forecasts that the growth of the market in North America will be closely followed by the same in Europe. European countries have rapidly expanded their global counter-terrorism operations and are now recognized for substantial investments in military technologies. Hence, the man-portable military electronics market in Europe is expected to show a promising growth in the forthcoming years.

Another emerging region succeeding to stay abreast in this competitive market is Asia-Pacific. Several countries in Asia-Pacific are engaging in military modernization programs, which will help the Asia-Pacific market for man-portable military electronics market show rapid growth by 2019. Other countries in the rest of the world such as Brazil, Turkey, and the UAE are also seen to be contributing heavily to the growing man-portable military electronics market.

Browse the full Man-Portable Military Electronics Market Press Release report at
http://www.transparencymarketresearch.com/pressrelease/man-portable-military-electronics-market.htm

Based on product type, the report further categorizes the man-portable military electronics market into six main segments, namely command and control, communications, ancillary electronics, ISTAR (intelligence, surveillance, target acquisition and reconnaissance), imaging, and force protection. Among these segments, the communication segment led the overall man-portable military electronics market with a 45.5% share in 2012. As transceivers and manpack radios are the most common communication equipment providing advanced situational awareness and direct link communications to dismounted soldiers, the demand for this segment is high. This segment is expected to grow at a 4.1% CAGR until 2019.

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