Global Military Communications Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Military Communications Market Overview:
“The global Military Communications Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Military communications are composed of systems that provide various communication needs of users in all military platforms. Military communication, refers to communication of information from one place to other, which is in contact with the enemy or emergency situation. It also functions to command orders and instructions across high to low authority.
The military communication includes all means of transmitting messages, orders, and reports, both in the field and at sea and between headquarters and distant installations or ships. Military communication plays an important role in warfare. The military sector has witnessed rapid change in a network centric approach towards communications. From homeland security to war zones and disaster recovery operations, the military communication systems provide latest development on sea, air, and land.
Increasing demand of military communications owing to rising threats of terrorism and emergency situations or disaster is the key factor driving growth of the market. In addition, growing need of enhanced security services with the replacement of the older equipment with the advanced technology are the other factor expected to fuel the military communication market. Military forces have access to and are seeking solutions that provide enhanced situational awareness capabilities and allow users to quickly gather, analyze and broadcast intelligence in order to prevent loss of life and improve mission success.
This has increased emphasis on providing network-centric and data-centric communications which is expected to drive the military communications market. However, financial limitation towards defense sector may restrain military communications market growth. Market players have adopted various strategies in order to expand their presence globally. Mergers and acquisitions is the ongoing trends observed in the market along with new product development which is likely to grow global military communication market
The market in North America is expected to dominate the global military communication market owing to increasing penetration of technology in defense sector. Whereas, the market in Asia-Pacific is expected to register highest CAGR owing to increasing military expenditures, and increasing terrorist threats. Countries such as China, India, Japan, and South Korea are the leading countries in the Asia-Pacific military communication market. While, Germany, UK, Russia, and France are among the leading military communication markets in Europe.
Global Military Communications Market Segmentation:
Segmentation on the basis of type:
- Airborne Communication
- Shipborne Communication
- Underwater Communication
- Air-Ground Communication
- Ground-Based Communication
Segmentation on the basis of components:
- Military SATCOM Terminals
- Military Radio System
- Military Security System
- Communication Management System
Segmentation on the basis of application:
- Command and Control
- Situational Awareness
- Routine Operations
- Others Applications
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Lockheed Martin Corporation
- BAE Systems plc
- Northrop Grumman Corporation
- Raytheon Company
- General Dynamics Corporation
- Harries corporation
- L3 Technologies, Inc.
- Rockwell Collins, Inc.
- Thales S.A.
- Alcatel-Lucent S.A.
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