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Defense Tactical Radio Market Share, Trend Analysis, Key Drivers, Size And Forecast To 2033

07-10-2024 12:27 PM CET | Aerospace & Defense

Press release from: The Business Research Company

Defense Tactical Radio Market

Defense Tactical Radio Market

"The new report published by The Business Research Company, titled ""Defense Tactical Radio Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the defense tactical radio market size has grown rapidly in recent years. It will grow from $14.31 billion in 2023 to $16.04 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The defense tactical radio market size is expected to see rapid growth in the next few years. It will grow to $24.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%.

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Cross-Border Terrorism Driving Growth In Defense Tactical Radio Market
The rising incidences of cross-border terrorism are expected to propel the growth of the defense tactical radio market going forward. Cross-border terrorism refers to acts of terrorism that are carried out by individuals, groups, or organizations in one country against the citizens, property, or interests of another country, often with the support and sponsorship provided by a third country. Defense tactical radios are used by the military and defense forces to facilitate secure and efficient communication among personnel to counter and mitigate cross-border terrorism acts or attacks. For instance, in March 2023, according to the Global Terrorism Index, a report published by the Institute for Economics and Peace, an Australia-based non-profit organization, there were an average of 1.3 deaths per terrorist attack in 2021, and it has increased to an average of 1.7 people per attack in 2022. Therefore, rising incidences of cross-border terrorism are driving the growth of the defense tactical radio equipment market.

Innovative Tactical Radio Extender Over Satellite Solutions In Defense Tactical Radio Market
Major companies operating in the defense tactical radio market are focusing on developing innovations in defense tactical radios, such as the tactical radio extender over satellite solution (T-TAC), to gain a competitive edge in the market. Tactical radio extenders over satellite (T-TAC) play a significant role in defense tactical radios as a tactical satellite communication solution. For instance, in May 2023, Thuraya, a UAE-based mobile-satellite service provider, collaborated with Cobham Limited, a UK-based manufacturer of aerospace products, and launched a tactical radio extender over satellite solution (T-TAC). A tactical radio extender is an advanced new tactical radio solution designed to address existing push-to-talk limitations in remote or isolated locations. It provides interoperable communication capabilities between different systems, allowing for military and emergency operations around the world. This system was designed for operators on land, sea, and air to communicate seamlessly.

The defense tactical radio market covered in this report is segmented -

1) By Type: Handheld, Vehicle-Mounted
2) By Technology: Analog, Digital, Hybrid
3) By Application: Collaborative Chat, Intelligence Gathering, Frequency Hopping, Emergency Communication, Position Tracking, Security
4) By End-User: Military, Homeland Security, Law Enforcement, Emergency Services

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Major companies operating in the defense tactical radio market report are RTX Corporation, General Dynamic Corporation, Northrop Grumman Corporation, BAE Systems plc, Thales Group, L3Harris Technologies Inc., Leonardo S.P.A., Motorola Solutions Inc., Rheinmetall AG, Elbit Systems Ltd., Saab AB, Kongsberg Gruppen, ITT Inc., Rohde & Schwarz GmbH & Co KG, Cobham Limited, Iridium Communications Inc., Codan Limited, Tadiran Telecom L.P., Tait Communications Limited, Sepura Limited, ICOM Inc., Hytera Communications Corporation Limited, Datron World Communications Inc., Radmor S.A., Thuraya Telecommunications Company, BK Technologies Inc., Rolta India Limited, Kenwood Corporation

Contents of the report:
1. Executive Summary
2. Defense Tactical Radio Market Report Structure
3. Defense Tactical Radio Market Trends And Strategies
4. Defense Tactical Radio Market - Macro Economic Scenario
5. Defense Tactical Radio Market Size And Growth
…..
27. Defense Tactical Radio Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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