Dublin, June 12, 2024 (GLOBE NEWSWIRE) -- The "Military Communications & COTS Market Report 2024-2034" has been added to ResearchAndMarkets.com's offering.
World revenue for the Military Communications & COTS Market is set to surpass US$41.27 billion in 2024.
The military communication and commercial off-the-shelf (COTS) industry are integral components of contemporary warfare, serving paramount functions in facilitating efficient communication channels and facilitating the utilisation of cutting-edge technologies. The domain of military communication encompasses a diverse range of systems and technologies that are essential for the purposes of command, control, and coordination within military units. Meanwhile, the commercial off-the-shelf (COTS) industry prioritises the development of readily adaptable solutions for military applications, providing cost-effective alternatives to custom-built systems.
The demand for military communication systems that are both reliable and secure has experienced a significant increase in recent years. This can be attributed to the dynamic nature of contemporary warfare and the growing dependence on technology for achieving operational success. Consequently, there has been an increasing focus on utilising COTS solutions in support of military communication infrastructure in order to accelerate deployment, minimise expenses, and take advantage of advancements in commercial technology.
The incorporation of COTS products within military communication systems presents numerous benefits, such as expedited acquisition, expandability, and seamless integration with pre-existing platforms. Military organisations can accelerate the acquisition process and improve operational effectiveness on the battlefield by implementing commercial off-the-shelf (COTS) solutions, which allow for faster deployment of advanced communication technologies.
Key Market Dynamics
Market Driving Factors
- Increasing Complexity of Warfare Driving Industry Growth
- Rising Adoption of New Technologies in Military Communications
- Growing Demand for Network-centric Warfare and Focus on Interoperability
- Increasing Cyber Threats
- Rising Global Defence Expenditure
Market Restraining Factors
- Regulatory and Certification Requirements
- Increasing Cost of Developing and Deploying of New Technologies
Market Opportunities
- Use of Unmanned Systems and Autonomous Communications
- Cloud-based Solutions
Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, and restraints), Porter's Five Forces Analysis, PEST Analysis and recent developments.
Market Segmentation
System
- Military Satcom Systems
- Military Radar Systems
- Military Radio Systems
- Military intercom Network Systems
- Military Communication Management Systems
- Others
Applications
- Command and Control
- Situational Awareness
- Routine Operations
- Other Applications
Type
- Air-based Communication
- Ship-based Communication
- Air-ground Based Communication
- Underwater Based Communication
- Ground-based Communication
End-users
- Air Forces
- Land Forces
- Naval Forces
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 25 leading national markets.
The report also includes profiles and for some of the leading companies in the Military Communications & COTS Market, with a focus on this segment of these companies' operations.
Leading companies profiled in the report
- AvTechTyee
- BAE Systems Plc
- Boeing Defence, Space & Security (BDS)
- Cassidian DRS (Airbus)
- Cobham Plc
- Elbit Systems Ltd.
- Elistair
- Fortem Technologies
- General Dynamics
- Gilat Satellite Networks
- Honeywell International, Inc.
- Inmarsat Global Ltd.
- Japan Radio Co.
- Kongsberg Defence & Aerospace
- Leonardo
- Lockheed Martin Corporation
- L3Harris Technologies Inc.
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rockwell Collins, Inc.
- Viasat Inc.
For more information about this report visit https://www.researchandmarkets.com/r/oowvwi
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