Defense Tactical Radio Market Set to Surge $26.59 billion at 10.5% CAGR by 2030

According to a recent report published by Allied Market Research, titled, Defense Tactical Radio Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Handheld and Vehicle-Mounted) and Application (Special Operation Force (SOF), Army, Navy, and Airforce): Global Opportunities Analysis and Industry Forecast, 2021-2030

The global defense tactical radio market size was valued at $9.46 billion in 2020, and is projected to reach $26.59 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030. Rise in need for lightweight and small military handheld radio, increase in significance of effective communication operations, and wide application in various sectors drive the growth of the global defense tactical radio market.

Download Research Report Sample & TOC @ https://www.alliedmarketresearch.com/request-sample/4592

The global defense tactical radio market is characterized by the presence a lot of local and international market players. The analysis illustrates the share of the prominent companies operating in the market. These companies tend to expand their market presence by adopting strategies such as acquisitions, partnerships, and product launches.

Tactical radio devices are primarily used in government, defense, public safety, and law enforcement organizations for effective communication services. Tactical radio devices are also increasingly being used in construction, manufacturing, transportation, and other commercial sectors for collaboration of workforce and to monitor assets as well as personnel. Rapid development in the commercial sector is progressively using low-cost digital medium of tactical radio driving the defense tactical radio market growth.

Europe is expected to exhibit moderate growth during the forecast period, owing to increasing demand for tactical radio from defense and public safety sectors. Use of tactical radio is gradually increasing in sectors such as transportation, construction, and hospitality. It is widely used for effective communication and provides enhanced services to users. The players in the market are developing high-quality and low-cost tactical radios to cater to small industries in the region. Europe primarily uses tactical radio in its defense and public safety sectors. These sectors use tactical radio for effective communication in times of terrorist attacks, fire, as well as during natural disasters, such as earthquakes, cyclones, and other calamities. Use of tactical radio enables first responders to provide safety to citizens and maintain peace in the region.

Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/4592

The report offers detailed segmentation of the global defense tactical radio market based on type, application, and region.

Based on type, the handheld radio segment held the highest market share in 2020, holding more than half of the total market share, and is expected to continue its leadership status during the forecast period. However, the vehicle mounted radio segment is estimated to register the highest CAGR of 11.5% from 2021 to 2030.

Based on application, the army segment held the largest market share in 2020, holding more than one-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the special operation forces segment is projected to register the highest CAGR of 12.3% from 2021 to 2030.

Based on region, North America contributed to the highest share in terms of revenue in 2020, holding nearly two-fifths of the total market share, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific is projected to manifest the fastest CAGR of 12.2% during the forecast period.

Request for Customization @ https://www.alliedmarketresearch.com/request-for-customization/4592

The key players mentioned in the report are BAE Systems, BK Technologies, General Dynamic Corporation, Hytera Communications, ICOM Inc, L3 Harris, Leonardo S.P.A., MCS Digital, Motorola Solutions, and Thales Group. These key players have adopted several strategies, such as new product launch & development, acquisition, partnership & collaboration, and business expansion, to increase their footprint in the defense tactical radio industry during the forecast period

Key Findings of the Study
• The handheld radio segment is expected to generate the highest revenue during the defense tactical radio market forecast period.
• The special operation forces segment is expected to generate the highest revenue during the forecast period.
• North America is expected to register the highest revenue during the forecast period.

Contact us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.