Military Communications Market to Surge at a Robust Pace in Terms of Revenue Over 2025
Across the globe, the advanced technology is changing the military communication market. Many countries such as China, U.S.A. spend billions of dollars to equip their troops with the latest communication products.
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Military Communication Market: Drivers and Challenges
The global military communication market is expected to grow, due to the constant investment by the governments of various countries in the defence sector to advance the military communication products and services. To cater to the change in demand, original equipment manufacturers (OEMs) are expected to come up with the innovative products and the constant innovation in the military communication products and services, which is expected to fuel the growth of global military communication market. The global military communication market is expected to experience a constant investment in long term evolution (LTE) cell in box during the forecast period.
The latest network communication platforms such as second-generation (2G), third-generation (3G), fourth-generation 4G and LTE require updated hardware and infrastructure, this requires high investment, which is expected to inhibit the growth of global military communication market.
Military Communication Market: Overview
The global military communication market by value is expected to expand at a CAGR of around 7-9% during the forecast period (2015-2025), due to increasing investment in defence sector by various countries and emergence of advance communication technologies.
Military Communication Market: Segmentation
The global military communication market can be segmented by communication type, by components by applications and by regions
Based on communication type, the global military communication market is segmented as:
Ground Based Communication
Based on components Type, the global military communication market is segmented as:
Mobile Satellite Service
Fleet Satellite Communication Systems
Very Small Aperture Terminal
Military Strategic and Tactical Relay
Military Radar and Sonar Systems
Military Security Systems
Electronic Countermeasure Systems
Military Radio Systems
Data Links and Terminals
Mobile Radio Systems
Tactical Radio Systems
Based on application Type, the global military communication market is segmented as:
Command and Control
Military Communication Market: Region-wise Outlook
The global military communication market is expectedto register a single-digit CAGR for the forecast period. Depending on geographic regions, global military communication market is segmentedinto seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of revenue, North America and Europe dominated the global military communication market in 2014. In terms of market revenue, Asia-Pacific military communication market is projectedto register a significant CAGR during the forecast period. Expected growth in the deployment of 3G, 4G and LTE networks and increase in the government investments in the defence sector are some of the factors which are fuelling the growth of military communication market in Asia-Pacific. India and China are forecast to register a significant growth in the Asia-Pacific military communication market.
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Military Communication Market: Key Players
Some of the key market participants in global military communication market are General Dynamics, Harris Corporation, Alcatel Lucent, Lockheed Martin, Raytheon, Northrop Grumman, Thales Group, etc.
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