Top 3 key players of the Defense Tactical Radio Market, 2017 - 2023

Tactical radio communication is majorly used in military and defense sector, to convey command over the battlefield from person to person. Defense tactical radio is witnessing increased adoption due to the rise in demand for wireless communicating devices and electronic-based components. The advancements in technology used in defense tactical radio is making them more lightweight, less expensive, and smaller in size as well. Based on type, it is bifurcated into handheld and vehicle-mounted.

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The increase in the significance of effective communication operation majorly drives the market. In addition, application in various sectors, such as government, public safety, and construction & manufacturing industries also fuel the market growth.

Based on region, North America was the highest contributor, in terms of revenue, to the defense tactical radio market, in 2016. In addition, based on type, handheld contributed significant revenue to the market, majorly from the rest of Asia-Pacific. Furthermore, by application, the army segment is anticipated to witness the highest growth during the forecast period, due to higher sales of tactical radio in army across various developed and developing nations.

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Key market players have adopted various strategies, such as new product launch, business expansion, and strategic alliances to increase awareness about the defense tactical radio market across various countries.

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.

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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. Defense tactical radio is an emerging technology, which features superior sound quality, emergency tracking, and geofencing. In addition, with advancements in technology defense tactical radio is now smaller in size, lightweight, and less expensive.

Key players operating in the global defense tactical radio 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.

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