Military Communications Market Expected to Surge Amidst Growing Defense Needs

Replacement of aging technology with more advanced equipment, introduction of digital communications, and increase in defense expenses in developing countries such as China, India, and South Korea are some of the major factors that fuel the growth of the military communications market. In addition, growth in investments by governments across the globe in the defense sector and emphasis on providing network-centric and data-centric communications further drives the growth of the market. However, high cost involved in the deployment of new technologies hampers military communications market growth. Furthermore, adoption of advanced technologies like KA-band satellite for communication services are anticipated to provide major opportunities for the market.

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The military communications market is segmented into component, communication type, application, end-user, and region. Based on component, it is bifurcated into Very Small Aperture Terminal (VSAT), Fleet Satellite Communications System (FLTSATCOM), Mobile Satellite Service (MSS), and Military Strategic and Tactical Relay (MILSTAR). In terms of communication type, it is segmented into shipborne, ground-based, underwater, air-ground, and airborne communication. By application, it is categorized into command and control, routine operations, situational awareness, and others. As per end-user, it is classified into land forces, naval forces, and air forces. Region-wise, the military communications market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS:

► The study provides an in-depth analysis of the market along with the current military communications market trends and future estimations to elucidate the imminent investment pockets.

► Information about the key drivers, restraints, and opportunities and their impact analysis on the market size is provided.

► Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the military communications industry.

► The quantitative analysis of the military communications market size is provided to determine the market potential.

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Military communication can be stated as the transmission of information from reconnaissance and other units in contact with enemy and means for exercising command orders and instructions of commanders to their subordinates. It includes all means of transmitting messages, orders, and reports both in the field and at sea and between headquarters and distant installation or ships. It involves all aspects which are related to communication of information and data by armed forces for efficient functioning, military command, and control. It generally depends on a vast and complex communication network of equipment and protocols to convey information across people and regions. It plays an important part in security, economic, and scientific capabilities of several countries or worldwide. Various governments are increasingly focusing on advanced communication technologies for enhanced operational efficiency to improve security and digital communication capabilities. Use of smart devices and sensors in the defense sector is likely to provide revenue generation opportunity and increase the growth of military communications market share.

Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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The report presents in-depth insights into each of the leading Military Communications Market end user verticals along with annual forecasts to 2026. The report provides revenue forecast with sales, and sales growth rate of the global Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

Key Market Players:

► Thales Group

► Harris Corporation

► Lockheed Martin Corporation

► Collins Aerospace

► Raytheon Company.

► Northrop Grumman Corporation.

► General Dynamics Corporation

► BAE Systems.

► ASELSAN A.?.

► TCL Communication

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