Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Tactical Communication Market size is expected to reach $33.1 billion by 2028, rising at a market growth of 9.0% CAGR during the forecast period.
The HF Communication segment is showcasing CAGR of 9.3% during (2022 - 2028). The most cost-effective method of failsafe communication is HF. There are no call or line expenses after the initial investment in the hardware and installation. Additionally, HF equipment is toughened and constructed to resist harsh circumstances for many years, considerably lowering usage expenses. This benefit of HF technology would result in market expansion in this segment.
The Ground segment acquired maximum revenue share in the Global Tactical Communication Market by Platform in 2021 thereby, achieving a market value of $14.2 billion by 2028. This is a result of the increased usage of high frequency, VHF, UHF, and advanced data linkages for military ground platforms. Military antennas are used by the ground forces to gather situational awareness for danger detection.
The Software segment has shown the growth rate of 10.8% during (2022 - 2028). The increased use of software-defined radio (SDR) systems for sophisticated communication is responsible for this expansion. Both high-end and low-end applications are increasingly using SDR-based radios which would contribute to the market growth. From the brigade level and around the battlefield, mobile troops can access broadband data & voice via the two-channel software defined tactical radio.
The Command & Control segment is leading the Global Tactical Communication Market by Application in 2021 thereby, achieving a market value of $13.7 billion by 2028. Command and control enable the commanders to maximize their resources, including personnel, knowledge, supplies, and, perhaps most crucially, time. The high adoption is a result of the increased use of man pack radios for command & control applications, an increase in border conflicts, and political tensions between nearby nations.
The North America market dominated the Global Tactical Communication Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12.5 billion by 2028. The Asia Pacific market is exhibiting a CAGR of 9.7% during (2022 - 2028). Additionally, The Europe market would display a CAGR of 8.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Thales Group S.A., Raytheon Technologies Corporation, General Dynamics Corporation, BAE Systems PLC, L3Harris Technologies, Inc. (L3Harris WESCAM), Lockheed Martin Corporation, Northrop Grumman Corporation, Cobham Limited (Eaton Corporation PLC), Rohde & Schwarz GmbH & Co. KG, and Viasat, Inc.
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