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(I-SoftwareNews.Com, September 10, 2018 ) The military communications market is projected to grow from USD 31.50 billion in 2018 to USD 37.67 billion by 2023, at a CAGR of 3.6% from 2018 to 2023.
The military communications market has been segmented on the basis of communication type, component, application, end user, and region. Based on communication type, the market has been segmented into airborne communications, air-ground communications, underwater communications, ground-based communications, and shipborne communications. Based on component, the market has been segmented into military SATCOM systems, military radio systems, military security systems, and communication management systems. Based on application, the market has been segmented into command and control, routine operations, situational awareness, and others (emergency response, reconnaissance, emergency medical services). Based on end user, the market has been segmented into land forces, naval forces, and air forces. The military communications market has been studied for North America (US, Canada), Europe (UK, Russia, Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, Israel, Rest of Middle East & Africa), and Latin America (Brazil, Rest of Latin America).
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Based on component, the military SATCOM systems segment is estimated to lead the military communications market in 2018. Military satellite communications systems are becoming increasingly important for conducting military operations around the globe. Thus, the defense sector is looking for a combination of diverse satellite communications services to support wartime operations. This combination includes the use of military frequency bands as well as commercial communications satellites. Military satellite communication solutions providers are enhancing satellite communications capabilities such as global broadcast service, personal communications service, and bandwidth on demand to meet the future military operations requirements.
Based on application, the situational awareness segment of the military communications market is projected to grow at the highest CAGR during the forecast period. Situational awareness is an important aspect of military communications, specifically when armed forces require real-time data. Situational awareness solutions help armed forces make effective use of critical information on a battlefield. Reliable and hack-resistant voice and data communication solutions play a vital role in anticipating dangers. The continuously increasing need for real-time data among the armed forces to make timely decisions is an important factor driving the growth of the situational awareness application segment.
North America is estimated to lead the military communications market in 2018. The growth of the military communications market can be attributed to the extensive adoption of military communication solutions in the region, particularly in the US, as the country has been the largest spender in 2017 and an early adopter of advanced military communications systems for naval, land, and air forces. The presence of key companies, such as General Dynamics, Harris Corporation, Iridium, L3 Technologies, Lockheed Martin, Northrop Grumman, Raytheon, Rockwell Collins, Viasat, and Kratos Defense & Security Solutions in the region is one of the key factors for the growth of the military communications market.
Some of the major military communication solutions vendors include Aselsan (Turkey), BAE Systems (UK), Cobham (UK), Elbit Systems (Israel), General Dynamics (US), Harris Corporation (US), Inmarsat (UK), Iridium Communications (US), Israel Aerospace Industries (Israel), Kongsberg (Norway), L3 Technologies (US), Leonardo (Italy), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), Rheinmetall (Germany), Rockwell Collins (US), Rolta India (India), Saab (Sweden), Systematic (Denmark), Thales (France), Viasat (US), EID (Portugal), Kratos Defense & Security Solutions (US), and Rohde & Schwarz (Germany).
Know More - https://www.marketsandmarkets.com/Market-Reports/military-communications-market-66198542.html
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