Tactical Communication Market Shows Expected Growth from 2022-2028 With Upcoming Trends, Analysis by Manufacturers

The Tactical Communication market is expected to grow from US$ 18,122.45 million in 2022 to US$ 29,142.61 million by 2028; it is estimated to grow at a CAGR of 8.2% from 2022 to 2028.

Over the next few years, the country expects to raise financing for communications, sensors, and electronics by ~20%. During the forecast period, the demand for leader and manpack radios is expected to be high due to US 'handheld, manpack, and small form-fit (HMS) program, which is targeted at buying a family of software reprogrammable radios for tactical voice and data communications. 100,000 leader radios; 65,622 manpack radios; 21,579 rifleman radios; and 104,496 single-channel data radios are among the Army's current acquisition goals.

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The List of Companies - Tactical Communication Market
1. BAE Systems PLC
2. General Dynamics Corporation
3. Iridium Communications
4. Northrop Grumman Corporation
5. Raytheon Company
6. Thales Group
7. Ultra Electronics
8. Viasat, Inc.
9. Airbus S.A.S
10. L3Harris Technologies, Inc.

The US is the world's largest military spender. The US has the largest defense budget globally, and a large amount of this budget is contributed to the adoption and procurement of upgraded technologies, safety, and security that further augment the demand for tactical communication in the country. According to SIPRI, the country's military spending decreased from 3.7% of GDP in 2020 to 3.5% in 2021. In 2021, the US military spending was US$ 801 billion, down 1.4% from 2020. Between 2012 and 2021, US funding for military research and development (R&D) increased by 24%, while funding for arms purchases decreased by 6.4%. In 2021 spending on both decreased. However, the decrease in R&D investment (-1.2%) was less than the decrease in arms procurement spending (-5.4%).

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Improved system reliability is a critical aspect of a country's purchasing of airborne communication equipment. Advanced hardware components assist in collecting and distributing imagery across multiple defense platforms, such as combat vehicles and command centers. Airborne surveillance systems, including commercial and military, evolved throughout time and continue to improve. Further, the satellite-limited and contested battlefield environments rely on advanced, secure, beyond-line-of-sight (BLoS) communications. These monitoring radars are placed in key locations to improve detection rates. Modern airborne surveillance systems with low false alarm rates encourage countries with border conflicts, security, safety, and many more designs for military vehicles, emergency vehicles, command posts, and any other situation requiring high-quality intra-crew and inter-network audio communications. This is increasing the tactical communication market growth.

In the military business, rapid technological advancements are leading to disruptive technologies. For instance, the Manpack and Leader Radio tactical data radios have been given Full-Rate Production (FRP) contracts by the US Army. The FRP award comes after two years of operational trial with the 82nd Airborne Division's 1st Brigade Combat Team, according to the Program Executive Office (PEO) C3T, which oversees the procurement process. In January 2021, an initial operational test and evaluation (IOT&E) at Fort Bragg helped affirm a choice to move through with the FRP decision.

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COVID-19 Pandemic Impact on Tactical Communication Market

Asia Pacific (APAC) was severely affected by the COVID-19 pandemic, with Asian countries experiencing a drop in GDPs, international trade, and economy. The APAC military electronic industry was disrupted during the first half of 2020, leading to a massive decline in the revenue of key players operating in the tactical communication market. The outbreak resulted in a decrease in military operations and disruptions of supply chains across the region. Many emerging economies had to reduce their defense budget and redirect the funding to fulfill healthcare demands, which further led to the reduction in military expenditure.

Most APAC countries witnessed key tactical communication market players losing significant revenue. For instance, the Indian defense enterprise lost ~US$ 3 billion in revenues between March and May 2020. It impacted large, small, and medium enterprises operating in the Indian aerospace & defense sectors. The lockdown affected the import and export of various raw materials procured to develop radio and other defense equipment, further delaying many military and defense programs that needed communication equipment. These factors contributed to the slight decline in the growth of the APAC tactical communication market.

TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Tactical Communication Market Landscape
4.1 Market Overview
4.2 Porter's Five Force Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Tactical Communication Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Concerns Related to Security of Military Communications
5.1.2 Rising Modernisation and Replacement of Aging Communication Equipment
5.2 Market Restraints
5.2.1 Rising Interoperability issues
5.3 Market Opportunities
5.3.1 Increasing Modernization of Reconnaissance Equipment in Defense Forces
5.4 Trends
5.4.1 Rising Adoption of Satellite Communication (SATCOM) Technology to Provide Advanced Communication Solution
5.5 Impact Analysis of Drivers and Restraints
6. Tactical Communication Market - Global Market Analysis
6.1 Tactical Communication Market Overview
6.2 Tactical Communication Market Forecast and Analysis
6.3 Market Positioning - Global Key Players
7. Tactical Communication Market Analysis - By Platform
8. Tactical Communication Market Analysis - By Type
9. Tactical Communication Market Analysis - By Technology
10. Tactical Communication Market Analysis - By Application
11. Tactical Communication Market - Geographic Analysis

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