Dublin, Jan. 22, 2024 (GLOBE NEWSWIRE) -- The "Military Communications Market by Platform (Land, Naval, Airborne, Unmanned Vehicles), Application, System, Point of Sale (New Installation, Upgrade), and Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The latest comprehensive research publication on the Military Communications Market has been added to our industry analysis, showcasing an exponential rise in demand for secure and sophisticated military communication systems. With the global market projected to surge from USD 24.2 billion in 2023 to an impressive USD 35.4 billion by 2028, a CAGR of 7.9% underscores the strategic importance of these technologies.
The landscape of modern warfare is rapidly evolving, necessitating robust communication frameworks to ensure seamless strategic operations. The land communication systems, currently leading the platform application segment, are vital for effective command and control, providing the armed forces with enhanced situational awareness and operational coordination capabilities.
The application of Military Communications in command and control operations is witnessing substantial growth, reflecting the critical need for integrated and swift decision-making processes in contemporary military scenarios. Military Satcom Systems have garnered the largest share in the system segment, highlighting the dependency of global defense strategies on reliable satellite communications.
Breaking down the market by point of sale, new installations have dominated 2023's market share, pointing toward an expansive development in military infrastructure across the globe. This trend is set to continue with the rising demand for advanced systems and the necessity for the revamping of legacy frameworks.
Among various geographical regions, India is projected to experience the highest CAGR in the Military Communications Market. Factors fueling this growth include the country's increasing defense budget, indigenous development initiatives, and international collaborations aimed at enhancing its military capabilities.
The market research delves deep into various segments, including platform application, command and control operations, sophisticated system technologies, and the point of sale for military comms. It also offers insights from an array of industry participants, denoting the strategic focus areas of Tier 1, Tier 2, and Tier 3 companies, and experts from diverse regional backgrounds.
The analysis provides stakeholders with precious market intelligence, enabling better positioning and more informed strategy development. The implications of this research span from acknowledging the vital market drivers and challenges to recognizing the potential opportunities and strategic moves by predominant industry players.
The document offers a wealth of information on
- Product and Technology Developments: Cutting-edge advancements enhancing military comms capabilities.
- Global Market Development: Analysis of flourishing markets and identification of potential regions for expansion.
- Market Diversification: Exploration of untapped opportunities in new service sectors and geographies.
- Competitive Landscape Analysis: Comprehensive evaluation of key market players and their strategic endeavors.
With a growing need for secure and undeterred channels of communication within the military sector, this report promises to be an invaluable resource for government defense bodies, private contractors, and associated stakeholders within the defense technology sphere.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 239 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $24.2 Billion |
| Forecasted Market Value (USD) by 2028 | $35.4 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
Premium Insights
- Rise in Demand for Real-Time Information Sharing to Drive Market
- Land Segment to Lead Market During Forecast Period
- Command & Control to be Leading Segment of Market During Forecast Period
- Military Satcom Segment to Account for Largest Market Share Market During Forecast Period
- New Installation Segment to Dominate Market During Forecast Period
- India to Record Highest CAGR During Forecast Period
Market Overview
Drivers
- Increasing Complexity of Warfare Driving Advancements in Military Communications Systems
- Rising Adoption of New Technologies for Military Communications
- Growing Demand for Network-Centric Warfare and Focus on Interoperability
- Increasing Cyber Threats Driving Development of Military Communications
- Rise in Global Defense Spending
Restraints
- Increasing Cost of Developing and Deploying New Technologies
- Regulatory and Certification Requirements and Lack of Standardized Communication Protocols
Opportunities
- Use of Unmanned Systems and Autonomous Communications
- Cloud-Based Solutions
Challenges
- Training and User Adoption
- Operating Reliably in Harsh and Remote Environments
Use Case Analysis
- Use Case 1: Military Communication Unmanned System (Mcus)
- Use Case 2: Military Cloud Communications
Companies Mentioned
- Anduril Industries
- Aselsan A.S.
- BAE Systems
- Cobham Limited
- Data Link Solutions
- Elbit Systems
- Fortem Technologies
- General Dynamics Corporation
- Honeywell International Inc.
- Israel Aerospace Industries
- Japan Radio Company
- Kongsberg
- L3Harris Technologies, Inc.
- Leonardo S.P.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Rafael Advanced Defence Systems Ltd
- Raytheon Technologies Corporation
- Rheinmetall Ag
- Rolta India Ltd
- Saab Ab
- Shield Ai
- Thales Group
- Vantage Robotics
- Viasat Inc.
For more information about this report visit https://www.researchandmarkets.com/r/gcctvv
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