Military Communications Market Estimated to Record Highest CAGR by 2026 – Harris, General Dynamics, Thales Group, Rockwell Collins, Raytheon, Northrop Grumman

Global Military Communications Market is accounted for $26.75 billion in 2017 and is expected to reach $85.65 billion by 2026 growing at a CAGR of 13.8% during the forecast period. Factors such as rising emphasis on providing network-centric, better security services and data-centric communications are fueling the market growth. However, financial limitation towards procurement, interoperability issues and several standards in devices are hindering the market.

Military communication is all about transferring information across the world. A protected and robust communication system in the military sector is a precondition to provide exercise authority, timely connectivity and direct forces across the world. Technologies such as mobile user objective system (MUOS) will provide secure mobile network communication, globally.

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Airborne communications are critical to the safety of all military flight operations. Airborne communications usually consists of equipment that can use either radio-telegraphy or radiotelephony. Radiotelegraphy and radiotelephony are called Morse code and continuous wave (CW) voice communications, respectively. Asia-Pacific is projected to have a significant CAGR during the forecast period. Rising government investments in the defence sector are some of the factors which are fuelling growth in this region.

Some of the key players in the Military Communications market include Harris Corporation, General Dynamics, Thales Group, Rockwell Collins, Raytheon, Northrop Grumman Corporation, BAE Systems, Lockheed Martin Corporation, Alcatel-Lucent, L-3 Communications Holdings Inc and Airbus group.

Applications covered:
- Situational Awareness
- Command and Control
- Routine Operations
- Other Applications

Communication Types covered:
- Shipborne Communications
- Underwater Communications
- Ground-Based Communications
- Air-Ground Communications
- Airborne Communications

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Components covered:
- Military Radar and Sonar Systems
- Military Radio Systems
- Military SATCOM Terminals
- Military Security System

End Users covered:
- Naval Forces
- Land Forces
- Air Forces

Regions Covered:
-North America
-Europe
-Asia Pacific
-South America
-Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Posted by on Tuesday September 24 2019, 5:45 AM EDT. All trademarks acknowledged. Filed under Featured Press Release, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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