Tactical Communication Market 2024 - By Size, Share, Trends And Growth Prospects 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Tactical Communication Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $29.07 billion In 2028 At A CAGR Of 8.0% :

The tactical communication market size has grown strongly in recent years. It will grow from $19.56 billion in 2023 to $21.35 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in investments and increase in spending on military equipment.

The tactical communication market size is expected to see strong growth in the next few years. It will grow to $29.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to the increasing government support, rapid urbanization and increasing defense expenditure. Major trends in the forecast period include focus on data-sharing paradigms to strengthen position in the market, focus on the launch of new products for increasing productivity and gaining a competitive advantage in the market. focus on developing technologically advanced products, focus on high speed communication to improve position in the market, use of artificial intelligence (ai) to improve product offering, launch of new tactical radio extenders over satellite solutions to extend the range of tactical radios and focus on partnerships and collaborations to expand their product portfolio and geographic presence.

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Tactical Communication Market Major Segments
The tactical communication market covered in this report is segmented -

1) By Prodcut: Networking Radios, Multiband RadioSATCOM (Satellite Communication), 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

Key Driver - Government Expenditure Surge Fuels Growth In Tactical Communication Market

The rise in government expenditure for military applications is expected to propel the growth of the tactical communication market going forward. Military applications refer to the acquisition, research, development, testing, evaluation, and training related to tactical vehicles, vessels, aircraft, equipment, and weaponry in 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. Hence, the rise in government expenditure for military applications will boost the tactical communications market. For Instance, In April 2022, according to a report shared by the Stockholm International Peace Research Institute (SIPRI), a Sweden-based independent international institute, Total global military expenditure increased by 0.7 % in real terms in 2021. Additionally, in 2021, global military spending grew further and surpassed $2.1 trillion for the first time. Further, in 2021, Russia's military expenditure increased by 2.9 percent to $65.9 billion. Therefore, the rise in government expenditure for military applications is driving the growth of the tactical communication market going forward.

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Prominent Trend - Innovative Technological Advancements Shaping The Tactical Communications Market

Technological advancement is a key trend gaining popularity in the tactical communications markets. 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. The system is set up to provide smooth communication between operators on land, at sea, and in the air. It makes use of an advanced generic converter unit that allows users to communicate through satellite over tactical radio and push-to-talk (PTT) devices. The portable solution is designed for communications when moving or stopping and uses technology with low power consumption. It is an industry-leading tactical radio solution, according to Thuraya, which affirms the company's dedication to creating cutting-edge technology.

Tactical Communication Market Players
Major companies operating in the tactical communication market report are L3Harris Technologies Inc, General Dynamics Corporation, Raytheon Technologies Corporation, Thales Group, BAE Systems PLC,Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Aselsan AS, Elbit Systems Ltd, Bharat Electronics Limited, Tata Power Strategic Engineering Division, Larsen & Toubro, Rolta India Limited, Alpha Design Technologies Pvt. Ltd,Electronics Corporation of India Limited, Data Patterns Pvt. Ltd, Huawei Technologies Co., Ltd, China Aerospace Science and Industry Corporation, China Telecom Corporation Limited, ZTE Corporation, Datang Telecom Group, Electro Optic Systems, C4i Systems Pty Ltd, Codan Communications, Airbus Defense and Space, Saab AB, Rohde & Schwarz, Selex ES, Sagemcom, EIDOS, Simoco Wireless Solutions, ODU, Dat-Con, Radmor S.A., WB Electronics S.A., Racoms, Telegrafia, Ampex Data Systems, General Dynamics Mission Systems Canada, Rheinmetall Canada Inc, SigmaPoint Technologies Inc, Iridium Communications, ViaSat Inc, Cubic Corporation, C3 Shared Services, Intelsat, IACIT Soluções Tecnológicas S.A, Visiona Tecnologia Espacial S.A, Omnisys Engenharia Ltda, EID, Thuraya Telecommunications, Advanced Electronics Company, Kuwait Aviation Services Company, SRT Wireless, IHS Towers, Bytes Systems Integration

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Largest And Fastest Growing Region In The Market
North America was the largest region in the tactical communication market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tactical communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Tactical Communication Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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