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Military Communications Market Report Revenue, Growth Rate, Share Value, Industry Statistics 2028 | Valuates Reports
Due to the COVID-19 pandemic, the global Military Communications market size is estimated to be worth USD 11860 Million in 2021 and is forecast to a readjusted size of USD 20060 Million by 2028 with a CAGR of 7.7% during the forecast period 2022-2028. Rising security concerns and international conflicts that prompt the purchase of military communication solutions are the main drivers propelling the market's expansion.
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Military Communications Market Share
Based on type, the communication equipment segment is expected to dominate in the military communication market share with 68%.
Based on application, the army segment held the largest market share at 42%.
Based on region, The military communications market is projected to be dominated by North America due to the rapid development of technology. However, due to heightened border security risks from surrounding nations, APAC will expand at the fastest rate.
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Military Communications Market Segment By Type
• Communication Equipment
• Communication System
Military Communications Market Segment By Application
• Army
• Navy
• Air Force
By Company
• Raytheon
• BAE Systems
• Thales Group
• L3Harris
• R&S
• Rockwell Collins
• Shaanxi Fenghuo Electronics Co.,Ltd.
• Guangzhou Haige Communications Group
• CETC
• Ysinghua Tongfang
• Tianjin 712 Communication & Broadcasting Co.,Ltd
• Nanjing Panda Electronics Company Limited
• Tongyu Communication Inc.
• Wuhan Zhongyuan Electronic Group Co., Ltd.
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