A new Report by Delvens, titled "Military Communications Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Global Military Communications market size was estimated at USD 36.3 billion in 2022 and is projected to reach USD 50.8 billion in 2030 at a CAGR of 4.3% during the forecast period 2023-2030.
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Recent Developments of Military Communications Market:
· September 2022: Collins Aerospace has been granted a contract by the US Army to provide AN/PRC-162 ground radios in support of its handheld, manpack, and small form fit (HMS) program.
· May 2022: General Dynamics Mission Systems has announced that it has secured a contract from the National Security Agency (NSA) to create, develop, test, and deliver a certifiable 400 Gbps high-assurance encryption solution that adheres to the Ethernet Data Encryption Cryptographic Interoperability Specification (EDE-CIS).
The prominent players in the Military Communications market are
· Airbus SAS (France)
· BAE Systems PLC
· Northrop Grumman
· Raytheon Technologies
· General Dynamics
· Israel Aerospace Industries
· Alcatel (France)
· Collins Aerospace (US)
· General Dynamics Corporation (US)
· Harris Corporation (US)
· Lockheed Martin Corporation (US)
· Northrop Grumman Corporation (US)
· Raytheon Company (US)
· and Thales Group (France).
· Citadel Defense
· Airspace Systems
· Fortem Technologies
· CRON Systems
· Vantage Robotics
· Rufus Lab and More
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North America to Dominate the Military Communications market
· The rapid adoption of advanced military communication systems, including KA band and mobile Ad Hoc networks, has also contributed to the growth of the North American market.
· On the other hand, the Asia Pacific region is expected to experience the highest compound annual growth rate (CAGR) during the forecast period. The region's fast-growing economies such as China, India, and Japan have been enhancing their defense capabilities, thereby driving the market growth. Additionally, technological advancements in military communications in the Asia Pacific region present further opportunities for market expansion.
Key Findings of Military Communications market:
In terms of component, the market is categorized into military satcom systems, military radio systems, military security systems, and communication management systems. The military satcom systems segment is projected to maintain a substantial market share throughout the forecast period. These systems play a vital role in facilitating military operations worldwide. The military radio systems segment is anticipated to witness significant growth at a high compound annual growth rate (CAGR) during the forecast period. The increasing adoption of software-defined radios for military radio equipment is expected to drive market growth in the forecast period.
In terms of application, the military communications market is divided into command and control, routine operations, situational awareness, and emergency response, among others. The situational awareness segment is projected to exhibit the highest compound annual growth rate (CAGR) during the forecast period (2019-2026). Communication systems play a crucial role for armed forces in the modern battlefield, which is a complex environment where uninterrupted flow of large amounts of information is essential and protection against enemy breaches is paramount. Situational awareness solutions assist military forces in analyzing situations and making effective decisions on the battlefield.
The military communications market is categorized by end-user into land forces, naval forces, and air forces. Land forces are projected to hold the largest market share in terms of volume during the forecast period (2019-2026). Ground-based communication systems are widely utilized by armies worldwide to facilitate the transfer of crucial information. Military communications within land forces play a vital role in keeping soldiers informed about the battlefield situation and enabling the execution of routine operations.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. There was a significant demand for military communications in North America. This can be attributed to the presence of prominent vendors like Harris Corporation, General Dynamics, Raytheon, Rockwell Collins, Viasat, Iridium, L3 Technologies, Lockheed Martin, Northrop Grumman, and Kratos Defense & Security Solutions in the region, which have played a key role in the market's growth.
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