Press release
Military Communication Market Size, Share, Major Players, Business Strategies, Opportunities And Forecast To 2033
The military communication market size has grown strongly in recent years. It will grow from $36.03 billion in 2023 to $38.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased geopolitical tensions, modernization initiatives, threat landscape changes, interoperability requirements, increased military operations and deployments..
The military communication market size is expected to see strong growth in the next few years. It will grow to $48.11 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to cybersecurity concerns, satellite communication advancements, rapid technological innovations, budget allocations .. Major trends in the forecast period include increased use of unmanned systems, utilization of cognitive radio technology, resilient communication infrastructure, secure tactical data links, focus on low probability of intercept (lpi) communication..
Market Overview -
Military communication is the delivery of information, such as commands and instructions, across regions over a short period with no data loss. It is used by soldiers to communicate and plan actions in the field.
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Surge In Military Investment Fuels Growth Of Military Communication Market
The growing investment in the military is expected to propel the growth of the military communication market going forward. Military investment is the amount of money a state commits to building and sustaining its armed forces or other necessary defense measures. The military investment pays for new or continuing operations, personnel salaries and training costs, maintenance of buildings and communication systems, and creating and procuring cutting-edge technology in weapons, equipment, and vehicles. Hence, the growing investments in the military will support the growth of the military communication market. For instance, in April 2023, according to The House of Commons, a UK-based government body reports, the UK spent 57.69 billion dollars on the military in 2021, an increase of $4.52 billion over the prior year. Therefore, the growing investment in the military is driving the growth of the military communication market.
Competitive Landscape -
Major companies operating in the military communication market report are BAE Systems PLC, Northrop Grumman Corporation, RTX Corporation, General Dynamics Corporation, Aselsan A.Ş, Thales Group, Harris Corporation, Lockheed Martin Corporation, Elbit Systems Ltd., Israel Aerospace Industries, Leonardo SpA, Inmarsat, Visat Inc., Iridium Communications Inc., Cobham Plc, Airbus SAS, Alcatel-Lucent Enterprise, Collins Aerospace, L3Harris Technologies Inc., ES Microwave LLC, Sinclair Technologies Inc., Antenna Research Associates, Pilot Communications USA, Satellink Inc., Siemens Corporation, ComSystems LLC, Patton Electronics Co., ITT Corporation, CACI International Inc., Kratos Defense & Security Solutions Inc.
Technology Advancements In Military Communication
Technology advancements are a key trend gaining popularity in the military communication market. Major companies operating in the military communication market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Israel Aerospace Industries, an Israel-based aerospace and defense company, launched new airborne software-defined radio (SDR). The modulation and demodulation of radio signals are performed by software in a software-defined radio (SDR) communication system. The radio is interoperable with a wide range of current military and commercial radios and operates on very high frequency (VHF), ultra-high frequency (UHF), and L-band frequency ranges.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/military-communication-global-market-report
Key Segments -
The military communication market covered in this report is segmented -
1) By Component: Military Satcom Systems, Military Radio Systems, Military Security Systems, Communication Management Systems
2) By Communication Type: Airborne Communications, Air-Ground Communications, Underwater Communications, Ground Based Communications, Shipborne Communications
3) By Application: Command And Control, Routine Operations, Situational Awareness, Other Applications
4) By End User: Land Forces, Naval Forces, Air Forces
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
The military communication market size is expected to see strong growth in the next few years. It will grow to $48.11 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to cybersecurity concerns, satellite communication advancements, rapid technological innovations, budget allocations .. Major trends in the forecast period include increased use of unmanned systems, utilization of cognitive radio technology, resilient communication infrastructure, secure tactical data links, focus on low probability of intercept (lpi) communication..
Market Overview -
Military communication is the delivery of information, such as commands and instructions, across regions over a short period with no data loss. It is used by soldiers to communicate and plan actions in the field.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=10785&type=smp
Surge In Military Investment Fuels Growth Of Military Communication Market
The growing investment in the military is expected to propel the growth of the military communication market going forward. Military investment is the amount of money a state commits to building and sustaining its armed forces or other necessary defense measures. The military investment pays for new or continuing operations, personnel salaries and training costs, maintenance of buildings and communication systems, and creating and procuring cutting-edge technology in weapons, equipment, and vehicles. Hence, the growing investments in the military will support the growth of the military communication market. For instance, in April 2023, according to The House of Commons, a UK-based government body reports, the UK spent 57.69 billion dollars on the military in 2021, an increase of $4.52 billion over the prior year. Therefore, the growing investment in the military is driving the growth of the military communication market.
Competitive Landscape -
Major companies operating in the military communication market report are BAE Systems PLC, Northrop Grumman Corporation, RTX Corporation, General Dynamics Corporation, Aselsan A.Ş, Thales Group, Harris Corporation, Lockheed Martin Corporation, Elbit Systems Ltd., Israel Aerospace Industries, Leonardo SpA, Inmarsat, Visat Inc., Iridium Communications Inc., Cobham Plc, Airbus SAS, Alcatel-Lucent Enterprise, Collins Aerospace, L3Harris Technologies Inc., ES Microwave LLC, Sinclair Technologies Inc., Antenna Research Associates, Pilot Communications USA, Satellink Inc., Siemens Corporation, ComSystems LLC, Patton Electronics Co., ITT Corporation, CACI International Inc., Kratos Defense & Security Solutions Inc.
Technology Advancements In Military Communication
Technology advancements are a key trend gaining popularity in the military communication market. Major companies operating in the military communication market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Israel Aerospace Industries, an Israel-based aerospace and defense company, launched new airborne software-defined radio (SDR). The modulation and demodulation of radio signals are performed by software in a software-defined radio (SDR) communication system. The radio is interoperable with a wide range of current military and commercial radios and operates on very high frequency (VHF), ultra-high frequency (UHF), and L-band frequency ranges.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/military-communication-global-market-report
Key Segments -
The military communication market covered in this report is segmented -
1) By Component: Military Satcom Systems, Military Radio Systems, Military Security Systems, Communication Management Systems
2) By Communication Type: Airborne Communications, Air-Ground Communications, Underwater Communications, Ground Based Communications, Shipborne Communications
3) By Application: Command And Control, Routine Operations, Situational Awareness, Other Applications
4) By End User: Land Forces, Naval Forces, Air Forces
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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