Military Communication Market By Communication Type (Airborne, Air-Ground, Underwater, Ground-Based, Shipborne), By Application (Command And Control, Routine Operations), By Component (Military Satcom Systems, Military Radio Systems, Military Security Systems, Communication Management Systems), By End-User (Land Forces, Naval Forces, Air Forces) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027
Increasing Demand of Secure and Robust Provision of Timely Connectivity Is Increasing the Demand for Military Communications Market
Globally, the military communications market is expected to grow with a CAGR of 4.0% during the forecast period from 2019 to 2027, starting from 2018, with a market value of US$32.20 Bn. Military communication is the transmission of information from one unit to another or from headquarters to the units. Military communication is an important part of the armed forces to maintain their efficient functioning, military command, and control over the troops.
One of the major factors driving the military communication market globally is the increasing requirement for confidential, secure, and accurate real-time data transmission in military communications. Moreover, various companies are investing heavily in the market due to increasing applications of military communication among the forces. The military communication systems transmit messages, reports, or orders from the field, air, or sea between the ships, planes, or ground to the headquarters, increasing security and providing information in real time.
Market Synopsis
Military Communications with SATCOM Systems its Component Segment Continue Dominating the Market
In 2018, the military Satcom systems led the overall military communications market by contributing more than 30% of the total market revenue. The military's utilization of satellite communications systems has increased within the past decade due to security concerns, conducting military operations around the globe, and increasing terrorist activities. Therefore provide information in real-time, the military is adopting the Satcom systems.
North America Dominates the Market by Region
North America leads the global military communications market due to heavy investments made by the government present in the region in national security, aerospace & defense, and others. As a result, the U.S. accounts for the largest market share based on the country in the region, followed by Canada and Mexico. Moreover, the U.S. government has increased its security after the attack of 9/11, which has also increased the demand for military communication in the country.
The early adoption of the technology in the region is also a major factor driving the market. Additionally, key players in the region, such as General Dynamics, Harris Corporation, Iridium, L3 Technologies, Rockwell Collins, Viasat, Lockheed Martin, Northrop Grumman, and Raytheon, are also contributing to the growth of the market.
Some prominent players operating in the military communications market are Alcatel, Airbus SAS, BAE Systems plc., General Dynamics Corporation, Collins Aerospace, Harris Corporation, Northrop Grumman Corporation, Lockheed Martin Corporation, Thales Group, and Raytheon Company.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The military communications market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global military communications market based on components, applications, communication type, end-user, and geography.
Key segments covered in the report are as follows:
Europe (U.K., Germany, France, and the Rest of Europe)
Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
Rest of World (Middle East & Africa (MEA), Latin America)
Key questions answered in this report.
What was the market size of military communications in 2018, and forecast up to 2027?
Which is the largest regional market for military Satcom systems in component?
What major trends followed in the military communications market across different regions?
Who are the key military communications companies leading the market?
What are the key strategies adopted by the leading military communications companies in the market?
Unique data points of this report
Statistics on military communications penetration and spending worldwide
Recent trends across different regions in terms of the adoption of military communications for various application
Notable developments going on in the military communications market
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently asked questions :
The market for Military Communication Market is expected to reach US$ XX Bn in 2027.
The Military Communication Market is expected to see significant CAGR growth over the coming years, at 4.0%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Airbus SAS, Alcatel, BAE Systems plc, Collins Aerospace, General Dynamics Corporation, Harris Corporation are some of the major players in the global market.
