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Man-portable military electronics market to reach $4.5B

Oct. 24, 2013 - 03:45AM   |  
By MICHAEL PECK   |   Comments
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Global demand for man-portable military electronics such as mini-UAVs will reach $4.5 billion by 2023, according to a study by ASD Reports.

Demand will see a compound annual growth rate of 3.42 percent over the next 10 years, with the strongest growth in the United States, followed closely by Asia-Pacific and Europe, according to the report. The study attributes increased demand to the rise of asymmetric warfare and the need to equip small groups of soldiers with sophisticated equipment.

“Soldiers are now carrying the heaviest load of equipment ever,” the study says. “The payoff for this is the phenomenal utility of the equipment they are now carrying, such as man-portable miniature UAVs (M-UAVs), whose use in the Afghanistan and Iraq wars has motivated a number of militaries around the world to procure them for surveillance purposes, in large part thanks to their use reducing the number of casualties stemming from such operations.”


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