Global Military Communication Market Size, Share, Trend, Global Analysis
Posted by marketresearch123 on June 15th, 2021
Global Military Communication Market was valued at USD 37.25 billion by 2019 which is expected to reach USD 88.56 billion by 2027 at a CAGR 12.42%.
Military communication encompasses all the facets of communication and data conveyance by the armed forces. It involves secure interactions within flexible and cohesive networks. The global military communication industry is expected to be driven by the rise in emphasis on provision of centric communication and data-centric communication with technological advancements like software defined radio which is expected to drive market growth during this forecast period.
Increase in adoption of KA-Band and Mobile Ad Hoc Networks in the innovation in military communication is the key driving factor which is expected to boost the global military communication market growth. Furthermore, huge investments is made by government to adopt innovative communication solutions in different government departments, better security of military servicers and interoperability will have the positive impact on growth of global military communication market. Moreover, rise in procurement of military communication solutions due to growing disputes among various countries across the globe will fuel the market growth during this forecast period.
However, high operational cost and interoperability issues are the restraining factors which are expected to hamper the global military communication market growth.
Global Military Communication Market is segmented into communication type such as Shipborne Communication, Air-Ground Communication, Airborne Communication, Underwater Communication, Ground-Based Communication, and Others, by components such as Military Radio System, Military Security System, Military SATCOM Terminals, Communication Management System, and Others. Further Global Military Communication Market is segmented into application such as Command and Control, Situational Awareness, Routine Operations, and Others.
Also, Global Military Communication Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as General Dynamics, BAE Systems, Alcatel-Lucent, Lockheed Martin Corporation, Harris Corporation, Thales Group, Raytheon Anschütz, L-3 Communications Holdings Inc, and Rockwell Collins
Browse Full Research Report @ https://qualiketresearch.com/reports-details/Military-Communication-Market
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
Research Support Specialist
6060 N Central Expy #500, TX 75204, U.S.A
Like it? Share it!
About the Authormarketresearch123
Joined: March 27th, 2021
Articles Posted: 113
More by this author