Defense Tactical Radio Market by Type (Handheld and Vehicle-Mounted) and Application (Special Operation Force (SOF), Army, Navy, and Airforce): Global Opportunities Analysis and Industry Forecast, 2021-2030
The global defense tactical radio market size was valued at $9.46 billion in 2020, and is projected to reach $26.59 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030.
In the military and defense sector, tactical radio communication is majorly used to convey commands in the battlefield from one person to other. Defense tactical radio includes delivery of information through verbal, written, visual, or auditory medium. In modern times, it is usually transmitted through an electronic medium. Factors such as providing secured and noise free information to end users, rise in need for lightweight and small military handheld radio are identified as key trends that are expected to boost the market in the future.
The defense tactical radio market is analyzed and estimated in accordance with impacts of drivers, restraints, and opportunities. It also includes study of region wise growth prospects of the market. Porter's five forces analysis determines impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth. The period studied in this report is 2020–2030, wherein the forecast period is 2021–2030.
Presently, product launch strategy drives the market for defense tactical radio. Most companies analyzed in the report are adopting product launch strategy in the market. Increase in adoption of smart technology is a key contributor for emergence of the defense tactical radio market globally.
Segment Overview
The defense tactical radio industry is segmented into type, application, and region. Based on type, it is categorized into handheld and vehicle-mounted. On the basis of application, it is bifurcated into special operation force (SOF), army, navy and air force. Based on region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key players mentioned in the report are BAE Systems, BK Technologies, General Dynamic Corporation, Hytera Communications, ICOM Inc, L3 Harris Technologies, Leonardo S.P.A., MCS Digital, Motorola Solutions, and Thales Group. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
Key Benefits for Stakeholders
This study comprises analytical depiction of the defense tactical radio market growth, opportunity, current trends, and future estimations to depict imminent investment pockets.
The overall the defense tactical radio market analysis is determined to understand profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, the defense tactical radio market trends, and opportunities with a detailed impact analysis.
The defense tactical radio market outlook forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
The Porter’s five forces analysis illustrates potency of buyers and the market share of key vendors.
The report includes the market trends and the defense tactical radio market share of key vendors.
Key Market Segments
By Type
Handheld
Vehicle-Mounted
By Application
Special Operation Force (SOF)
Army
Navy
Airforce
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Amkor Technology
Taiwan Semiconductor Manufacturing Company
ASE Group
AT & S
General Electric
Infineon
Fujikura
MicroSemi
TDK-Epcos
Schweizer
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook