Market Size – USD 30 billion in 2018, Market Growth – CAGR of 3.4%, Market Trends – Increasing Demand forAdvanced Ka-Band Satellites for communication services and Mobile Ad-Hoc networks (Manets).
The Military Communications market is expected to grow from USD 30 billion in 2018 to USD 38 billion by 2026, at a CAGR of 3.4% during the forecast period. Increasing demand for military communications security, the necessity of advanced communication equipment and the fact that rise in the disputes between countries, leads to rise in demand of military communication solutions and the necessity of advanced communication equipment are some of the driving factors of the market. Governments of all countries are majorly focusing on adopting advanced technologies for enhanced communication efficiency for improved security.
The issues faced by different militaries or agencies in interoperability and cooperation with each other may restrain the market growth of military communication. This is due to the fact that using similar communication equipment globally is not feasible.
Players will require increased investments to tackle these restraints and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Military Communications market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
The report “Military Communications Market By Communication Type (Airborne Communication, Air-Ground Communication, Underwater Communication, Ground-Based Communication And Shipborne Communication), Components (Military Satcom Systems, Military Radio Systems, Military Security Systems And Communication Systems), End User Application (Command & Control, Routine Operations, Situational Awareness And Others), End-User (Land Forces, Naval Forces And Air Forces), And Geography – Global Forecast 2026” is available now to Reports and Data customers and can also be purchased directly at: https://www.reportsanddata.com/checkout-form/1080
Further key findings from the report suggest
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Key players with in Military Communications market are General Dynamics (US), BAE Systems (UK), Cobham (UK), Aselsan (Turkey), Elbit Systems (Israel), Harris (US), Inmarsat (UK), Iridium Communications (US), Kongsberg (Norway), Kratos Defense & Security Solutions (US), L3 Technologies (US), Israel Aerospace Industries (Israel), Leonardo (Italy), Systematic (Denmark), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), Rockwell Collins (US), Rolta India (India), Rheinmetall (Germany), Saab (Sweden), Thales (France), Viasat (US), Rohde & Schwarz (Germany) and EID (Portugal).
For the purpose of this report, the market has been segmented on the basis of communication type, component, end user application, end-user and regional analysis.
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