Tactical Communications Market see growth of 16.52% CAGR reaching at USD 18.53 billion by 2021
“The tactical communications market is projected to grow at a CAGR of 16.52%”
The tactical communications market is estimated to be valued at USD 8.62 billion in 2016 and is projected to reach USD 18.53 billion by 2021, at a CAGR of 16.52% between 2016 and 2021. The demand for more advanced tactical equipment has increased as older equipment require a large number of vehicles to transport, which limits their deployment flexibility. Furthermore, the bandwidth within which this equipment operates is unable to adequately meet the demand for modern network enabled applications. This is expected to drive the tactical communications market.
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“Combat segment is projected to grow at the highest CAGR in the tactical communications market”
The combat segment of the tactical communications market, by application, is anticipated to grow at the highest CAGR during the forecast period. This is due to the increasing usage of tactical communication systems by troops in the battlefield for extensive exchange of digital data garnered from sensors, weapons, computers, and command centers. The use of such systems in the battlefield has also increased as they have become more agile and are easier to set up compared to the legacy equipment, which restricted mobility.
Command & control is expected to be the second-fastest growing segment in the tactical communications market, by application.
“North America to account for a dominant share, whereas Asia-Pacific the fastest-growing regional market for tactical communications”
North America dominates the tactical communications market. The market in the region is mainly driven by the U.S. which has been focusing toward developing faster, stealthier, and more ruggedized communications systems for use in various terrains. The Asia-Pacific (APAC) region is expected to exhibit the highest growth rate in the tactical communication market during the forecast period of 2016 to 2021. This growth in tactical communications market in the APAC region can be attributed to the increase in the procurement of tactical communication systems by emerging economies and focus on strengthening their communications infrastructure in the defense sector.
Break-up of profile of primary participants for this report:
- By Company Type: Tier 1 – 35%, Tier 2 – 45% and Tier 3 – 20%
- By Designation: C level – 35%, Director level – 25%, Others – 40%
- By Region: North America – 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%
Key players profiled in the tactical communications market report include Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), General Dynamics Corporation (U.S.), Thales Group (France), and Harris Corporation (U.S.), among others.
Related Report:
Tactical Data Link Market by Platform (Air-based Sea-based Land-based Weapon-based) Application (Command & Control ISR Electronic Warfare Radio Communication) Component (Software Hardware) and Region - Global Forecast to 2022
“Tactical data link market is projected to grow at a CAGR of 6.17% during the forecast period.”
The tactical data link market is projected to grow from USD 4.76 billion in 2017 to USD 6.43 billion by 2022, at a CAGR of 6.17% from 2017 to 2022. The increasing demand for the secure network to share data between maritime, airborne or land radio communications at high speed is expected to drive the tactical data link market. The increasing adoption of tactical data link in airborne platforms is also expected to fuel the market during the forecast period. However, stringent military standards and reduction in defense budget are some of the restraints in tactical data link market.
“Based on application, the intelligence, surveillance, & reconnaissance segment is estimated to lead the tactical data link market in 2017”
Based on application, the intelligence, surveillance, & reconnaissance segment is estimated to lead the tactical data link market in 2017. ISR helps in information gathering related to the enemy movements in the modern battlefield. This information is collected with the help of electronic sensors, and it helps enhance the decision making capability of the military personnel.
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Posted by
Vinay Kudale
on Friday August 31 2018, 12:08 PM EDT.
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