Military Communications Market:
Growth opportunities in the Military Communications Market look promising over the next six years. This is mainly due to the rise in disputes in different countries and the rising integration of the latest technological developments, like 5G networks and GPS.
Military Communications Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting apprehension towards safety along with the mounting controversies across nations throughout the world, excessive reliability of strategic command, communication, control, and intelligence on the military communication system, and surging demand for safe and authentic digital connectivity in military networks are some of the crucial drivers propelling the growth of the global military communication market. Also, the rising demand for these systems for enormous purposes such as the importance of maintaining constant communication in armed forces, conveying responses rapidly in disaster relief centers, and safeguarding information will further strengthen the military communication market size.
Moreover, the soaring incorporation of modern technological advancement, including Software Defined Radio based data, GPS, 5G, improvement in miniaturization, low power computing, identification of radio frequency, impalement of IoT in military operations, M2M communications, smart devices, and sensors for imparting safe, swift, economical, and ideal communication solutions in the military sector will pave the way for market growth. In accordance with the report published by the World Bank, the global disbursement on military raised from $ 1.81 trillion in 2018 to $1.87 trillion in 2019. The accelerating spending on the military drives the market growth.
However, the outrageous initial cost for the development, installation, and maintenance of military communication and networking infrastructure is hampering the market size. Moreover, issues such as interaction and attainment between different defence agencies and departments may restrain the market growth.
Component Type Segment Drivers
Based on the component, satellite communication systems are predicted to expand at a higher CAGR over the forecast period. This is mainly attributed to the fuelling demand, personal communications, broadcast services, and bandwidth. Moreover, evaluative communication, including conducting distant facility supervision, real-time asset management at unmanned sites, and encouraging offshore exploration projects that depend on satellites, further adds to the market growth.
Military Communications Market’s leading Manufacturers:
- Thales Group
- General Dynamics Corporation
- Cobham Limited
- Northrop Grumman Corporation
- ASELSAN A.S.
- L3Harris Technologies, Inc.
- Elbit Systems Ltd.
- Raytheon Technologies Corporation
- Lockheed Martin Corporation
- BAE Systems Plc
Military Communications Market Segmentation:
Segmentation by Component
- Systems
- Satellite Communication Systems
- Radar & Sonar Systems
- Radio Systems
- Services
Segmentation by Application
- ISR
- Situational Awareness
- Command & Control
- Others
Segmentation by End-User
- Air Force
- Land Force
- Naval Force
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
