Press release
Military Communications Market Size to Reach USD 62.96 Billion by 2026
The global military communications market size is set to gain traction from the increasing adoption of satellite communication (SATCOM) technology. This technology aids in achieving ship-to-shore, ship-to-ship, air-to-ground, and air-to-air communications. It also provides tactical communication that can be easily integrated on aircraft, naval vessels, and vehicles. This information is published by Fortune Business Insights(TM) in a recent report, titled, "Military Communications Market Size, Share and Industry Analysis by Component (Hardware and Software), By Technology (SATCOM, VHF/UHF/L-Band, HF Communication, and Data Link), By Platform (Airborne, Ground, Naval, and Space), By Application (Command and Control, Intelligence, Surveillance, and Reconnaissance (ISR), Situational Awareness, Routine Operations, and Others), and Regional Forecast, 2019-2026." The report further mentions that the Military Communications Market size was USD 39.86 billion in 2018 and is projected to reach USD 62.96 billion by 2026, thereby exhibiting a CAGR of 6.18% during the forecast period.
Browse Summary of This Research Insights with Detailed Table of Content: https://www.fortunebusinessinsights.com/military-communications-market-102696
Worldwide COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Get a Sample PDF Brochure with the "Short-Term And Long-Term Impact of COVID-19" on military communications market,
Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/military-communications-market-102696
This Report Answers the Following Questions:
What are the Military Communications Market trends, growth drivers, and hindrances?
How many segments does the market have?
Which region is expected to lead by gaining the maximum revenue?
Which company would generate the largest share in the coming years?
What are the opportunities and challenges that the market may come across in the near future?
Drivers & Restraints:
Rising Investment in Military Worldwide to Accelerate Growth
In the defense sector, maintenance of consistent communication and protection of highly confidential information are two of the major requirements. Inaccurate transfer of real time data and leakage of crucial data may result in disputes and pose a risk to the safety of the masses worldwide. Defense communication is often dependent on a vast and complex network of software and hardware components for conveying the messages across the globe.
In addition to that, it consists of all the aspects related to the transmission of information by military forces for well-organized control, command, military surveillance, and functioning. The investment in the military is likely to upsurge in the coming years because of the rising disputes among various countries. However, such communication is mission-critical. Hence, it may hinder the Military Communications Market growth during the forecast period.
Segment:
Software Segment to Grow Rapidly Backed by Increasing Usage of SDR System
In terms of components, the market is bifurcated into software and hardware. The software segment held a 26.5% defense communication market share in 2018 and is expected to grow at a fast pace throughout the forecast period. This growth is attributable to the higher usage of software-defined radio (SDR) systems in military forces. SDR offers improved functions to the end-user. It is also capable of transmitting data, voice, and video across dissimilar systems. Besides, it can integrate cross banding and can perform multi modes of operations by utilizing multiple frequency bands.
Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/military-communications-market-102696
Regional Analysis:
Rising Commercial Aircraft Deliveries to Favor Growth in Asia Pacific
Based on the region, the market is segregated into North America, Asia Pacific, Europe, and the rest of the world. Out of these, North America procured USD 15.35 billion in Military Communications Market revenue in 2018. It occurred because of the existence of numerous prominent communication equipment and system manufacturers in this region. Europe is anticipated to grow considerably fueled by the presence of several naval and airborne communication solution manufacturers, namely, Cobham Plc. and Thales Group.
Asia Pacific, on the other hand, is projected to showcase robust growth in the coming years backed by the rising deliveries of commercial aircraft in the developing nations, such as China and India. Apart from that, these countries are experiencing a surge in military spending to remold their military systems for strengthening the defense sector.
Competitive Landscape-
Key Companies Focus on Mergers & New Contracts to Gain Competitive Edge
The market consists of a large number of companies that persistently striving to achieve more share. They are, therefore, aiming to gain new contracts from the Army and Navy and are adopting the strategy of mergers and acquisitions.
Fortune Business Insights(TM) lists out all the organizations present in the military communication solution market. They are as follows:
ASELSAN A.S.
Cobham PLC
Collins Aerospace
General Dynamics Corporation
Honeywell International Inc.
Iridium Communications Inc.
L3Harris Technologies, Inc.
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Company
Rohde & Schwarz
Thales Group
Viasat Inc.
Quick Buy - Military Communications Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102696
View related news:
https://www.globenewswire.com/news-release/2020/05/04/2026517/0/en/Military-Communications-Market-Size-to-Reach-USD-62-96-Billion-by-2026-High-Demand-for-SATCOM-Technology-to-Boost-Growth-Says-Fortune-Business-Insights.html
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Browse Summary of This Research Insights with Detailed Table of Content: https://www.fortunebusinessinsights.com/military-communications-market-102696
Worldwide COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Get a Sample PDF Brochure with the "Short-Term And Long-Term Impact of COVID-19" on military communications market,
Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/military-communications-market-102696
This Report Answers the Following Questions:
What are the Military Communications Market trends, growth drivers, and hindrances?
How many segments does the market have?
Which region is expected to lead by gaining the maximum revenue?
Which company would generate the largest share in the coming years?
What are the opportunities and challenges that the market may come across in the near future?
Drivers & Restraints:
Rising Investment in Military Worldwide to Accelerate Growth
In the defense sector, maintenance of consistent communication and protection of highly confidential information are two of the major requirements. Inaccurate transfer of real time data and leakage of crucial data may result in disputes and pose a risk to the safety of the masses worldwide. Defense communication is often dependent on a vast and complex network of software and hardware components for conveying the messages across the globe.
In addition to that, it consists of all the aspects related to the transmission of information by military forces for well-organized control, command, military surveillance, and functioning. The investment in the military is likely to upsurge in the coming years because of the rising disputes among various countries. However, such communication is mission-critical. Hence, it may hinder the Military Communications Market growth during the forecast period.
Segment:
Software Segment to Grow Rapidly Backed by Increasing Usage of SDR System
In terms of components, the market is bifurcated into software and hardware. The software segment held a 26.5% defense communication market share in 2018 and is expected to grow at a fast pace throughout the forecast period. This growth is attributable to the higher usage of software-defined radio (SDR) systems in military forces. SDR offers improved functions to the end-user. It is also capable of transmitting data, voice, and video across dissimilar systems. Besides, it can integrate cross banding and can perform multi modes of operations by utilizing multiple frequency bands.
Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/military-communications-market-102696
Regional Analysis:
Rising Commercial Aircraft Deliveries to Favor Growth in Asia Pacific
Based on the region, the market is segregated into North America, Asia Pacific, Europe, and the rest of the world. Out of these, North America procured USD 15.35 billion in Military Communications Market revenue in 2018. It occurred because of the existence of numerous prominent communication equipment and system manufacturers in this region. Europe is anticipated to grow considerably fueled by the presence of several naval and airborne communication solution manufacturers, namely, Cobham Plc. and Thales Group.
Asia Pacific, on the other hand, is projected to showcase robust growth in the coming years backed by the rising deliveries of commercial aircraft in the developing nations, such as China and India. Apart from that, these countries are experiencing a surge in military spending to remold their military systems for strengthening the defense sector.
Competitive Landscape-
Key Companies Focus on Mergers & New Contracts to Gain Competitive Edge
The market consists of a large number of companies that persistently striving to achieve more share. They are, therefore, aiming to gain new contracts from the Army and Navy and are adopting the strategy of mergers and acquisitions.
Fortune Business Insights(TM) lists out all the organizations present in the military communication solution market. They are as follows:
ASELSAN A.S.
Cobham PLC
Collins Aerospace
General Dynamics Corporation
Honeywell International Inc.
Iridium Communications Inc.
L3Harris Technologies, Inc.
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Company
Rohde & Schwarz
Thales Group
Viasat Inc.
Quick Buy - Military Communications Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102696
View related news:
https://www.globenewswire.com/news-release/2020/05/04/2026517/0/en/Military-Communications-Market-Size-to-Reach-USD-62-96-Billion-by-2026-High-Demand-for-SATCOM-Technology-to-Boost-Growth-Says-Fortune-Business-Insights.html
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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