Global Military Communication Market Size, Trends & Growth Opportunity By Components (Shipborne Communication, Air-Ground Communication, Airborne Communication), By Application (Command and Control, Situational Awareness, Routine Operations), By Region and Forecast till 2027.
Global Military Communication Market
The global military communication market was valued at USD 47.25 billion by 2021 which is expected to reach USD 98.56 billion by 2027 at a CAGR 12.42% from 2022 – 2027.
Military communication refers to all aspects of communication and data transmission by the armed services. It entails safe interactions within adaptable and coherent networks. The worldwide military communication business is predicted to be driven by an increased emphasis on providing centric communication and data-centric communication, as well as technology breakthroughs such as software defined radio, which are expected to fuel market expansion over the forecast period.
Market Drivers
The increased deployment of KA-Band and mobile ad hoc networks in military communication innovation is the primary driving factor projected to enhance the global military communication market's expansion. Furthermore, government investments in adopting new communication solutions in various government departments, improving the security of military service members, and fostering interoperability would have a beneficial impact on the growth of the global military communication market. Furthermore, increased procurement of military communication systems as a result of escalating disputes among various countries around the world will fuel market expansion during the forecast period.
Market Restraints
However, high operational costs and interoperability issues are expected to stymie the global military communication market's growth.
Market Segmentation
The 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.
Regional analysis Also, the global military communication market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and 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.
Market Taxonomy
By Communication Type
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