Defense Tactical Radio Market Expected to Reach $17,874.1 Million by 2023

Defense tactical radio is light in weight and features easy accessibility, high stability, and better reliability. This makes it suitable for personal usage in terms of safety and security.

The Global Defense Tactical Radio Market was valued at $7,978.5million in 2016, and is projected to reach at $17,874.1 million by 2023, growing at a CAGR of 11.9% from 2017 to 2023, according to the latest report published by Allied Market Research.

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In military and defense sector, tactical radio communication is majorly used to convey command over the battlefield from person to person. In 2016, handheld segment dominated the defense tactical radio market, in terms of revenue, due to increase in demand for wireless communication devices.

Based on region, North America was the highest revenue contributor to the market in 2016, accounting for around 39.71% share, due to rise in adoption of electronic-based system/components across the defense sectors.

Top Impacting Factors

Increase in the Significance of Effective Communication Operation

Many public safety communication networks are migrating to broadband solutions, which implement IP WAN for first-responder radio networks, video surveillance, and LTE. This in turn improves the demand for greater efficiency and modernization of public safety communication networks.

Shortage of Spectrum and Limited Channel Capacities

Shortage of spectrum to be distributed among users limits the growth of this market. Operators find it difficult to get approval from regulatory bodies, which restricts communication.

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Key Findings of the Defense Tactical Radio Market:

• The vehicle-mounted segment accounted for the highest share in 2016, growing at a CAGR of 12.5% from 2017 to 2023.
• Army application generated the highest revenue, accounting for $2903.4 million in 2016.
• LAMEA is expected to dominate the market, in terms of market share, during the forecast period.

Key Players Profiles:

The report features a competitive scenario of the defense tactical radio market and provides a comprehensive analysis of the key growth strategies adopted by the major players. The key players in the global market are BAE Systems, Inc., Barrett Communications Pty. Ltd, Cobham plc, Codan Limited, General Dynamics Corporation, Harris Corporation, Leonardo S.p.A, Raytheon Company, Rockwell Collins, Inc., and Thales S.A.

These players have adopted various competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

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