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2023 Tactical Communication Market Report: Market Size, Growth Drivers, Key Trends And Forecast 2032 | L3Harris Technologies Inc, General Dynamics Corporation, Raytheon Technologies Corporation, Thales Group, BAE Systems PLC
Year End Offer By The Business Research Company - Get 33% Discount On Opportunities And Strategies Reports And 25% Discount On Global Market ReportsThe Business Research Company's latest "Global Tactical Communication Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry
As per The Business Research Company's Tactical Communication Opportunities And Strategies Market Report 2023, The global tactical communication market reached a value of nearly $17,887.0 million in 2022, having grown at a compound annual growth rate (CAGR) of 4.9% since 2017. The market is expected to grow from $17,887.0 million in 2022 to $26,820.4 million in 2027 at a rate of 8.4%. The market is then expected to grow at a CAGR of 9.1% from 2027 and reach $41,365.1 million in 2032.
Government support is expected to drive the growth of the tactical communication market going forward. The governments of various countries are supporting the tactical communication sector to produce new solutions to better serve the industry. For example, in June 2022, the Canada government continued to provide in-service support for vehicles. The donation is valued at approximately $245 million and includes 39 ACSVs (Armored Combat Support Vehicles), as well as add-on armor and a radio communication system for the ACSVs, and in-service support including spare parts, maintenance services, technical manuals, and training. Also, in July 2023, the Australian Government has given first-pass approval for the LAND 200 Phase 3 Battlefield Command Systems project. The investment will improve the security and performance of Australian Defense Force's tactical communications network and battle management systems. The increasing government support is expected to drive demand for the tactical communication market.
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Companies operating in the tactical communication market are focusing on data-sharing paradigms to strengthen their position in the market. The data sharing paradigm reduces reliance on fixed infrastructure, making it easier to establish communication in remote or challenging environments. This is particularly useful in tactical communication, where communication needs to be established quickly and reliably. For example, in June 2023, DARPA (Defense Advanced Research Projects Agency), a research and development agency of the US Department of Defense, introduced a new paradigm for sharing data at the tactical edge, which reduces reliance on fixed infrastructure and enables secure, resilient communications. The program also adopted DevSecOps (rapid commercial development, security, and operations) paradigms for Defense Department research and development, introducing creative approaches to speed up the delivery of new technology to active warfighters.
Tactical Communication Market Segmentation:
The Tactical Communication market is segmented by product, by platform, by technology and by application.
By Product
The tactical communication market is segmented by product into
a) Networking Radios
b) Multiband Radio (Satellite Communication)
c) Video Processors
d) Other Products
By Platform
The tactical communication market is segmented by platform into
a) Underwater Tactical Communication Systems
b) Airborne Tactical Communication Systems
c) Land Tactical Communication Systems
d) Shipborne Tactical Communication Systems
By Technology
The tactical communication market is segmented by technology into
a) Time Division Multiplexing
b) Next Generation Networks
By Application
The tactical communication market is segmented by application into
a) Integrated Strategic Resources
b) Communication
c) Combat
d) Command And Control
e) Other Applications
Major players in the Tactical Communication market include L3Harris Technologies Inc, General Dynamics Corporation, Raytheon Technologies Corporation, Thales Group, BAE Systems PLC.
The regions covered in the global Tactical Communication market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global Tactical Communication Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Tactical Communication Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
19. Competitive Landscape And Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Tactical Communication Market, Conclusions And Recommendations
23. Appendix
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