Press release
Global Military Communications Market - by Communication Type, Component, Application, End User, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)
Military communication plays a vital role in the warfare. These communication need to be fast, reliable and accurate. Over the years, the advancement of technologies led to the advancement of military communication. There were new developments in this sector such as advanced extremely high frequency, Ka-Band, IP-based networking etc. These technologies need to be secured so that the enemy could not destroy or interpret the messageDemand Scenario
The global military communications market was USD 30.34 billion in 2018 and is estimated to reach USD 45.83 billion by 2025 at a CAGR of 6.07% during the forecast period. Air-borne communication will grow at the highest CAGR rate during the period
Growth by Region
North America led the market in 2018 but is likely to witness downfall from its present position during the forecasted period because of the tough competition from Asia pacific especially from Middle and South Asia. Asia pacific will grow at the highest CAGR rate in the forecasted years. Europe will grow steadily and Latin America will show improvement from its present scenario.
Drivers vs. Constraints
The government of various countries are focusing on the military communications so that message transfer takes place at a fast and secure way. The advancement of technologies such as IoT, robotics, sensors, advanced satellites etc. and support of the manufacturing of the military equipments brought new opportunities for growth of the market. However the high cost of system & manufacturing and precise customisation hinders the market growth.
Make An Enquiry @ https://markgenes.com/industry-reports/aerospace-and-defense/Global-Military-Communications-Market
Industry Structure and Updates
• June 2018 - The General Dynamics Corporation signed a deal with US navy to restore and maintain the satellite system simulator which will skill up the students in the technical aspects of the satellite technology. • June 2018 - Northrop Grumman has received a $429m contract from the US Air Force’s Space and Missile Systems Centre to deliver two satellite payloads. The Company have added new features such as two extremely high-frequency extended data rate (EHF XDR) and Enhanced Polar System-Recapitalization (EPS-R) effort. • May 2018 - Viasat Inc. announced the availability of satellite communications (SATCOM) service over ViaSat-2, the worlds most advanced communications satellite, for Canadian Armed Forces and government applications.
Browse other Aerospace and Defense reports at: https://markgenes.com/industry-reports/aerospace-and-defense
Ms. Laura Daniel
MarkGenes Business Consulting
2nd Floor, Aditya Enclave,
Jubilee Hills,
Hyderabad - 500033
laura@markgenes.com
+91 8179070028
www.markgenes.com
Markgenes is a Market Intelligence and Business Consulting firm with Market Research as its core combining unparalleled experience, comprehensive capabilities across all industries and business functions while putting together the teams with strong functional knowledge and technical expertise.
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