Tactical Communication Market is Calculated to Reach US$ 32.3 Billion by 2034
The global tactical communication market is anticipated to reach a size of US$ 20.2 billion in 2024, according to this updated research report compiled by skilled analysts at Fact.MR. Worldwide demand for tactical communication systems is forecast to increase at a CAGR of 4.8% and reach a market value of US$ 32.3 billion by the end of 2034.
Tactical mass communication comes across as an enhanced form of communication created as well as implemented for enabling effective military communications between two commands, persons, or locations on battlefield, especially during emergency.
The defense sector is expected to have the pie in case of tactical communication market. As defense communication does enclose every area of armed forces’ data transfer and information to facilitate well-organized military surveillance, operations, management, and order.
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Transferring information the individuals, that too, across the geographical boundaries needs a strong medium of communication that does rely on complex and huge network of software and physical components. Tensions among the countries are actually escalating the need for military spending.
Europe and North America rule the tactical communication market. They, collectively, hold more than 25% of the market share. This could be attributed to various government organizations launching numerous projects for building advanced military technology and communication systems.
What is Complementing Tactical Communication Market Growth?
“Rapid Deployment of Advanced Communication Systems to Enhance Defense Communication Security”
The defense sector has two fundamental requirements: the security of highly secret information and the preservation of constant communication. Assume that critical data is not properly protected or that real-time data is not appropriately sent. In such instances, residents’ safety would be compromised and international issues may ensue.
Defense communication encompasses all areas of armed forces’ information and data transfer for well-organized operations, military surveillance, order, and management.
Moreover, to transfer information to individuals and across geographic boundaries, communication relies on a large and complex network of physical components and software. Escalating conflicts among countries around the world are raising military spending.
Innovative tactical communication technologies that provide discreet, precise, and secure real-time data transmission are procured with these large military investments.
As a result, the tactical communication & protective system market is likely to grow at a faster rate during the forecast period as more communication systems with increased security and privacy features emerge.
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Key Companies Profiled
Northrop Grumman Corporation, Harris Corporation, BAE Systems PLC, General Dynamics Corporation, Raytheon Company, L-3 Communications Holdings, Ultra Electronics, Thales Group, Iridium Communications Inc.
Key Segments Covered in the Tactical Communication Industry Survey
By Product :
Manpack Radios
Handheld Radios
Vehicular Inter-communication Radios
High Capacity Data Radios
Multiband Radios
Networking Radios
SATCOM
VHF/UHE Radios
Video Processors
Other Product Types
By Platform :
Underwater
Airborne
Land
Shipborne
By Technology :
Time Division Multiplexing
Next Generation Networks
By Application :
Integrated Strategic Resources
Combat
Command & Control
Other Applications
By Region :
North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia & Pacific
MEA
Competitive Landscape
The global Tactical Communication market is subject to the key players going for long-term contracts as well as collaborations with land, naval, and air forces for delivering effective communication technologies.
For instance,
- Elbit Systems Ltd., in 2020, did announce its selection to provide the Canadian Armed Forces with Satellite on the Moment, better known as SOTM communication systems through Rheinmetall Canada Inc. This project is a part of Land Command Support System Extension.
- Collins Aerospace has presented the new-fangled directional communications network (a part of DARPA PHEME project), to address tiny aerial platforms like UAVs operating in the hostile regions. It has exhibited connection in CJADC2 battlespace.