Dublin, Feb. 06, 2024 (GLOBE NEWSWIRE) -- The "Global Military Transmit and Receive Module Market by Type (Gallium Nitride, Gallium Arsenide), Application, Frequency (Single-Band and Multi-Band), Communication Medium (Optical, RF and Hybrid), Platform and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
Projected Growth in Multi-Band Communication and Modernization Initiatives Spearhead Advancements in the Military T/R Modules Sector
The military transmit and receive module market, which forms a critical part of modern defense systems worldwide, is anticipated to show a notable increase in market size from USD 5.8 billion in 2023 to an estimated USD 7.7 billion by 2028. This market is forecast to grow at a Compound Annual Growth Rate (CAGR) of 5.8% between 2023 and 2028, according to the latest research. The trend reflects an increased focus on military modernization, the integration of advanced radar technologies, and heightened global defense expenditures in response to escalating conflicts.
Gallium Nitride Modules to Dominate
Within the market, Gallium Nitride-based modules are expected to hold a substantial market share, attributable to their advanced capabilities in high power and cost efficiency. As key enablers in sophisticated military radar systems, including active electronically scanned array (AESA) radars, these modules solidify their position as vital components in global defense strategies.
Rising Demand for Radar Applications
With radar applications at the forefront, this segment is projected to register the highest growth rate during the forecast period. The essential function of transmit and receive modules in military radar systems underscores their prominence, paving the way for significant investments in radar modernization initiatives.
Increasing Relevance of Multi-Band Frequency Modules
The research highlights the Multi-band frequency segment showing the fastest growth, with a projected CAGR of 6.4%. The flexibility and versatility that multi-band T/R modules offer to communication systems make them increasingly sought after in military applications.
Naval Platforms to Experience Substantial Growth
The naval segment is predicted to witness significant expansion, catalyzed by the modernization of naval warfare technologies. Warships are actively adopting electronic warfare systems to counter threats from the air, including UAVs and anti-ship missiles, which is expected to boost the segment's growth further.
A Closer Look at Asia Pacific's Market Potential
Among geographical markets, Asia Pacific is forecasted to grow at the highest CAGR. Nations such as China and India are driving this growth through extensive procurement and development of radar, communication, and electronic warfare systems in response to regional security dynamics.
Research Coverage Highlights
The research report offers a comprehensive analysis of the market, dissecting various segments such as Type, Application, Frequency, Communication Medium, and Platform. The study also provides an in-depth look at the competitive landscape, featuring detailed profiles of leading players, insights into their product offerings, and strategic market approaches.
Industry Insights and Strategic Analysis
- An in-depth analysis of key market drivers, including the integration of advanced technologies and evolving military threats.
- Product Innovation: Forward-looking insights on emerging technologies and R&D activities.
- Market Expansion: Detailed exploration of lucrative markets and insights into regional growth potentials.
- Market Diversification: Comprehensive information on market diversification strategies.
- Competitive Assessment: Thorough assessment of market shares, strategic positioning, and service offerings of key industry players.
The latest research offers critical data that will assist stakeholders in understanding more about market dynamics and shaping their strategies to align with current and future market trends.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 260 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $5.8 Billion |
| Forecasted Market Value (USD) by 2028 | $7.7 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Companies Profiled
- Northrop Grumman
- Thales
- L3Harris Technologies, Inc.
- Rtx
- Caes Systems LLC
- Mitsubishi Electric Corporation
- Leonardo S.P.A.
- Iai
- Kyocera Corporation
- Analog Devices, Inc.
- Teledyne Technologies Incorporated
- Qorvo, Inc
- Bharat Electronics Limited
- Aselsan A.S.
- National Chung-Shan Institute of Science and Technology
- Mercury Systems, Inc.
- Kratos Defense & Security Solutions, Inc.
- Cyient
- Macom
- Spectrum Control, Inc.
- Filtronic PLC
- Nanjing Guobo Electronics Co. Ltd.
- Iray Technology Co. Ltd.
- Astra Microwave Products Ltd.
- Alpha Design Technologies Pvt Ltd
- Aethercomm
- Annapolis Micro Systems, Inc.
- Mistral Solutions Pvt. Ltd.
- Jariet Technologies, Inc.
- Rf-Lambda
- Src, Inc.
- Altum Rf
For more information about this report visit https://www.researchandmarkets.com/r/96rb34
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