Global Military Communications Market Size, Trends & Analysis – Forecasts to 2026
Global Military Communications Market Insights The global military communications market is estimated to witness a high CAGR during the forecast period (2019-2026). Growing concerns related to security of military satellites against cyber-attacks is the one of the major factors driving the market. Increasing military investments along with growing use of smart devices and sensors in the defense sector are expected to propel the market growth during the forecast period. The governments across the globe are taking numerous initiatives to facilitate the manufacturing of military communication systems and solutions. These factors are expected to boost the market growth during the forecast period. However, financial limitation towards procurement and interoperability issues may hamper the market growth during the forecast period. Request a free sample copy of the report @https://www.globalmarketestimates.com/global-military-communications-market/ Military Communications Market: By Component On the basis of component, the market is segmented into military satcom systems, military radio systems, military security systems, and communication management systems. Military Satcom systems segment is expected to hold the significant market share during the forecast period. Military satellite communications systems are important for conducting military operations around the globe. Military radio systems segment is expected to grow at a high CAGR during the forecast period. Growing deployment of software-defined radios for military radio equipment is expected to boost the market growth during the forecast period. Military Communications Market: By Application Based on application, the military communications market is segmented into command and control, routine operations, situational awareness and emergency response among others. Situation awareness is expected to grow at the highest CAGR during the forecast period (2019-2026). Communication systems are widely used by the armies, as the modern battlefield is a complex environment where large amounts of information are required to flow without disruption, protected from breaches by enemies. Situational awareness solutions help armed forces to analyze the situations and make effective decisions on a battlefield. Military Communications Market: By End Use On the basis of end-user, the military communications market is segmented into land forces, naval forces and air forces. Land force is estimated to account for the largest market share, in terms of volume, during the forecast period (2019-2026). Armies across the globe use ground-based communication systems to transfer essential information. Military communications in land forces helps soldiers to stay updated about the situation at the battlefield and to execute routine operations. Military Communications Market: By Region North America witnessed a stronger demand for military communications in 2018. The presence of key vendors, such as Harris Corporation, General Dynamics, Raytheon, Rockwell Collins, Viasat, Iridium, L3 Technologies, Lockheed Martin, Northrop Grumman, and Kratos Defense & Security Solutions in the region is one of the key factors for the market growth. Rapid adoption of advanced military communications systems such as KA band, mobile Ad Hoc networks are some of the factors for the North American market growth. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Improving defense capabilities in fast-growing economies such as China, India and Japan among others in the region expected to drive the market growth over the forecast period. Technological advancements in military communications in Asia Pacific also offer opportunities for the market growth. Military Communications Market: End Use Landscape The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are United States Armed Forces, China Armed Forces, and Convention armed forces in Europe among others. Military Communications Market: Vendor Landscape The report contains a chapter dedicated to vendors operating in the Military Communications market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies. Military Communications Market Share & Competitor Analysis Some of the key players operating in the Military Communications market are Aselsan, BAE Systems, Cobham, Elbit Systems, General Dynamic, Harris, Inmarsat, Iridium Communications, Israel Aerospace Industries, Kongsberg, L3 Technologies, Leonardo, Lockheed Martin, Northrop Grumman, and Raytheon among others. In October 2019, BAE systems signed a contract with U.S. Army for production of the Bradley Fighting Vehicle (BFV). In June 2019, Harris Corporation signed a contract with Central European Nation for developing Falcon III AN/PRC-158, AN/PRC-160, AN/PRC-152A and AN/PRC-117G manpack and handheld radios. Browse the report @https://www.globalmarketestimates.com/global-military-communications-market/
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