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Military Communications Market is Growing in Huge Demand from 2020 to 2027 | BAE Systems, Cobham, Aselsan and more
Military Communications Market Size - USD 30 billion in 2018
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The Military Communications market is expected to grow from USD 30 billion in 2018 to USD 38 billion by 2026, at a CAGR of 3.4% during the forecast period. Increasing demand for military communications security, the necessity of advanced communication equipment and the fact that rise in the disputes between countries, leads to rise in demand of military communication solutions and the necessity of advanced communication equipment are some of the driving factors of the market. Governments of all countries are majorly focusing on adopting advanced technologies for enhanced communication efficiency for improved security.
Companies considered and profiled in this market study
General Dynamics (US), BAE Systems (UK), Cobham (UK), Aselsan (Turkey), Elbit Systems (Israel), Harris (US), Inmarsat (UK), Iridium Communications (US), Kongsberg (Norway), Kratos Defense & Security Solutions (US), L3 Technologies (US), Israel Aerospace Industries (Israel), Leonardo (Italy), Systematic (Denmark), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), Rockwell Collins (US), Rolta India (India), Rheinmetall (Germany), Saab (Sweden), Thales (France), Viasat (US), Rohde & Schwarz (Germany) and EID (Portugal), among others.
For the purpose of this report, the market has been segmented on the basis of communication type, component, end user application, end-user and regional analysis.
Communication type Outlook (Revenue, USD Million; 2018-2026)
Military Satcom Systems
Military Radio Systems
Military Security Systems
Communication Management Systems
Component Outlook (Revenue, USD Million; 2018-2026)
Military Satcom Systems
Military Radio Systems
Military Security systems
Communication systems
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End user application (Revenue, USD Million; 2018-2026)
Command & control
Routine operations
Situational Awareness
Others
End-User Outlook (Revenue, USD; 2018-2026)
Land forces
Naval forces
Air forces
Regional Outlook (Revenue, USD Million; 2018-2026)
North America
Europe
Asia Pacific
RoW
Further key findings from the report suggest
1. The Military Communications market is expected to grow from USD 30 billion in 2018 to USD 38 billion by 2026, at a CAGR of 3.4% during the forecast period.
2. The major contributing factor for the growth of the market for Military Communications can be the necessity of advanced communication equipment. For more secured communications, it is necessary to modernize the equipment and replace the aging ones. It is also important to reduce the size, weight and the power of the components. Some other driving factors include increasing demand for military communications security and the fact that rise in the disputes between countries, leads to rise in demand of military communication solutions. Governments of all countries are majorly focusing on adopting advanced technologies for enhanced communication efficiency for improved security.
3. The Military Communications Market is segmented by communication type into Military Satcom Systems, Military Radio Systems, Military Security Systems and Communication Management Systems. The Military Satcom system is expected to witness highest growth, at a CAGR of 3.6% during the forecast period, since satellite communications provide services such as global broadcast service, personal communications service, and bandwidth on demand to meet the future military operations requirements
Go through our meticulously drafted TOC, Tables, Statistics, Charts, and Company profiles: - https://www.reportsanddata.com/report-detail/military-communications-market
The report emphasizes the following key questions
Q.1. What are the most lucrative and promising growth prospects for the market?
Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?
Q.4. Which factors are impacting the future of the market and what are the driving factors?
Q.5. What are the hurdles and challenges curtailing the industry's growth in the forecast period?
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