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Global Tactical Communication Market Size Projections at $26.82 Bn by 2027 with an 8.2% Growth Rate || L3Harris Technologies Inc., General Dynamics Corporation, Thales Group

Tactical Communication Market

Tactical Communication Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Tactical Communication Global Market Report 2023 identifies the rise in government expenditure for military applications is expected to propel the growth of the tactical communication market going forward. Military applications refers to the acquisition, research, development, testing, evaluation, and training related to tactical vehicles, vessels, aircraft, equipment, and weaponry the context of tactical vehicles, vessels, aircraft, equipment, and weaponry owned or operated by government armed forces. Military applications use tactical communications to transfer information between commands, individuals, or locations on the battlefield, particularly orders and military intelligence.

The global tactical communications market size is expected to grow from $17.89 billion in 2022 to $19.56 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global tactical communications market size is expected to reach $26.82 billion in 2027 at a CAGR of 8.2%.

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Major competitors in the tactical communication market are L3Harris Technologies Inc., General Dynamics Corporation, Thales Group, Raytheon Technologies Corporation, Iridium Communications Inc., Lockheed Martin Corporation, Aselsan A.S.

A key trend in the tactical communication market includes technological advancement. Major companies operating in the tactical communications market are focused on developing innovative technological solutions to strengthen their position in the market. For instance, in March 2023, Thuraya, a United Arab Emirates-based regional mobile and satellite service provider, launched T-TAC, a new tactical radio extender over satellite solution. T-TAC is a beyond-line-of-sight (BLOS) communications solution that is being introduced in partnership with Cobham Satcom, a Denmark-based provider of radio and satellite communication equipment for both land and maritime sectors.

Read More On The Global Tactical Communication Market Report Here: https://www.thebusinessresearchcompany.com/report/tactical-communication-global-market-report

The tactical communication market is segmented -

1) By Product: Manpack Radios, Handheld Radios, Vehicular Inter-communication Radios, High Capacity Data Radios, Multiband Radios, Networking Radios, SATCOM, VHF And UHF Radios, Video Processors, Other Products

2) By Platform: Underwater Tactical Communication Systems, Airborne Tactical Communication Systems, Land Tactical Communication Systems, Shipborne Tactical Communication Systems

3) By Technology: Time Division Multiplexing, Next Generation Networks

4) By Application: Integrated Strategic Resources, Communication, Combat, Command And Control, Other Applications

5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the tactical communication market.

The Business Research Company's "Global Tactical Communication Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

Explore Buying Options For The Tactical Communication Market Report Here: https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9910

The Table Of Content For The Tactical Communication Market Include:
1. Executive Summary
2. Tactical Communication Market Characteristic
3. Tactical Communication Market Trends And Strategies
4. Tactical Communication Market - Macro Economic Scenario
5. Tactical Communication Market Size And Growth
……………
27. Tactical Communication Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tactical Communication Market
29. Tactical Communication Market Future Outlook And Potential Analysis
30. Appendix

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