Global Military Defense Vehicle Intercom System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Military Defense Vehicle Intercom System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The military Defense vehicle intercom system is a suite of hardware infrastructure and software applications. The purpose is to communicate between several military tactical vehicles. The intercom system consists of units that allow connection of various types and car radios of different manufacturers and other units (such as earphones, speakers, PA systems, live phones, etc.).

Market Overview:

The latest research study on the global Military Defense Vehicle Intercom System market finds that the global Military Defense Vehicle Intercom System market reached a value of USD 331.67 million in 2022. It’s expected that the market will achieve USD 445.5 million by 2028, exhibiting a CAGR of 5.04% during the forecast period.

Influence of COVID-19 Outbreak on Military Defense Vehicle Intercom System Industry Development

At the beginning of an outbreak, work is usually delayed and the normal production of the company is affected. For companies in some areas where the epidemic is relatively mild and can start operations normally, even if they start operations at normal times, they will face insufficient supply of raw materials, resulting in lower than normal capacity utilization. The spread of epidemics caused by transportation will affect normal cargo transportation. According to data, the incubation period of the new coronavirus that caused this epidemic is about 7-14 days. In many countries, there are many cases of transmission in long-distance buses, trains, airplanes and other transportation vehicles. Therefore, there is a risk of virus transmission due to long-distance transportation. Therefore, areas with more severe epidemics have taken certain measures to control transportation. The supply side is under relatively high pressure.

Drivers

According to the latest data from the Stockholm International Peace Research Institute (SIPRI), total global military expenditures in 2019 increased to US$1.917 billion. Total expenditures in 2019 increased 3.6% over 2018, the largest annual increase in expenditures since 2010. The five countries with the largest spending in 2019 are the United States, China, India, Russia and Saudi Arabia, which accounted for 62% of spending.

The increase in military spending is mainly due to competition and tensions among major powers. For example, the friction between the United States and China is becoming more and more intense, and it is likely to develop from a trade war to a substantial war. China feels that the United States is trying to curb its rise as a global economic power, and US President Donald Trump has long accused China of engaging in improper trade practices and theft of intellectual property. Unbalanced economic development, increased trade friction, geopolitical turmoil, terrorist attacks and other factors have strengthened the sense of crisis of the troops, indirectly stimulated downstream demand, and thus promoted the development of the industry.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Соbhаm is one of the major players operating in the Military Defense Vehicle Intercom System market, holding a share of 19.85% in 2020.

Соbhаm focuses on air and land products, including antenna systems, anti-jamming GPS, radio, audio, ATC display systems, telescopic masts and electronic warfare systems.

Harris is a provider of tactical communications, electronic warfare, avionics, air traffic management, space and intelligence, and meteorological systems. The company provides these solutions through three business units: communication systems, electronic systems, and space and intelligence systems.

Segmentation Overview:

Among different product types, Wireless System segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Аrmоrеd Vеhісlеѕ segment occupied the biggest share from 2018 to 2022.

Depending on the needs of downstream customers, the Military Defense Vehicle Intercom System can be used for Аrmоrеd Vеhісlеѕ, Lоgіѕtісѕ and others, including tanks, reconnaissance vehicles and so on. Its main purpose is to form a barrier-free, timely, and safe information transmission between the crew and between vehicles.

Key Companies in the global Military Defense Vehicle Intercom System market covered in Chapter 3:

Соbhаm
ELNO
Vitavox
Тhаlеѕ Grоuр
Dаvіd Сlаrk
Наrrіѕ
ASELSAN
Соmmunісаtіоnѕ-Аррlіеd Тесhnоlоgу (С-АТ)
Elbit Systems
EID
Telephonics

In Chapter 4 and Chapter 14.2, on the basis of types, the Military Defense Vehicle Intercom System market from 2018 to 2029 is primarily split into:

Wired System
Wireless System

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Military Defense Vehicle Intercom System market from 2018 to 2029 covers:

Аrmоrеd Vеhісlеѕ
Lоgіѕtісѕ
Оthеrѕ

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)