Efficient functioning, military command, and control are aspects of the defense sector that need better handling. Improved military communications industry aims to do that. The global military communications market is expected to witness an impressive CAGR during the forecast period due to the involvement shown by leading market players. Market Research Future (MRFR) in their latest report claims that the chance of crossing the expected valuation by 2023 is quite high. —
Among the market factors, high defense expenditure from countries, revamping in defense done by various emerging economies, introduction of advanced technology & its easy integration, replacement of aging technologies, and others are expected to keep the progress running in the military communications market. Technology like Ka-band is expected to make a lasting impact in the military communications industry. At the same time, the keenness of the influential players are expected to support the growth of the military communications market.
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Several companies to invest and gain from the military communications market as the system is emerging and becoming challenging with each passing day.
The most influential ones are-
• Lockheed Martin Corporation (U.S.)
• General Dynamics (U.S.)
• Northrop Grumman Corporation (U.S.)
• Alcatel (France)
• Thales (France)
• Raytheon (U.S.)
• Harris Corporation (U.S.)
• Rockwell Collins (U.S.)
• BAE Systems (U.K)
• Airbus Group (France)
MRFR’s report includes these companies and their profiles with latest updates to ensure better output.
In May 2019, Viasat, a globally known company for its communication expertise, announced that it has received a contract from the Administrator of the Space Enterprise Consortium that works under the Force Research Laboratory Space Vehicles XVI program. The contract includes the delivery and testing of the first-ever Link 16-capable LEO spacecraft. The technology is expected to enhance situational awareness of warfighters and increase understanding of various dynamics at play.
MRFR’s military communications market report relies on the segmentation by device type, application, and platform. The segmentation process highlights changing dynamics particularly to bring out the impacts it is having on the market.
Based on the segmentation, the military communications market can be segmented into military SATCOM, radio system, and smartphones. The military SATCOM segment is gaining mileage due to its ability to reach remote locations and ensure proper connectivity.
Based on the application, the military communications market can be segmented into command & control and situational awareness. The situational awareness segment has much importance in the defense system and it is getting well explored by various companies.
Based on the platform, the military communications market comprises airborne, ground-based, and naval. The air-borne segment is getting significant traction due to the hike in satellite launches.
North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America are five regions that have been included in MRFR’s study of the global military communications market. The regional segmentation has its foundation in value-based and volume-based studies that ensure a deeper insight into the market.
North America has the charge of the global market. The regional market is witnessing high defense budget expenditure, along with, easy technological integration and keen interests shown by private players in the market. The region finds a bonus in the presence of the U.S. which has the highest defense expenditure and Canada’s presence solidifies it.
Europe is experiencing high-growth as well due to the increasing budget allocations made by countries like France and the U.K. Several companies are from Europe which is providing the regional market some advantages. The APAC, on the other hand, has emerged as the second largest market due to growing territorial dispute and border security concerns. Regional economies such as India, China, South Korea, Thailand, and others are spending substantially to ensure robust infrastructure to backup defense support systems.
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Scope of Report
The report for Global Military Communications Market of Market Research Future comprises of extensive primary research, along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders; it helps the reader gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario, including historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides detailed information and strategies of the key players in the industry. The report also contains a broad study of the different market segments and regions.
List of Tables
Table 1 Global Military Communications Market: by Region, 2017-2023
Table 2 North America Military Communications Market: by Country, 2017-2023
Table 3 Europe Military Communications Market: by Country, 2017-2023
Table 4 Asia Pacific Military Communications Market: by Country, 2017-2023
Table 5 Middle East & Africa Military Communications Market: by Country, 2017-2023
Table 6 South America Military Communications Market: by Country, 2017-2023
Table 7 Global Military Communications Market, by Product Types, by Regions, 2017-2023
Table 8 North America Military Communications Market, by Application, by Country, 2017-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
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