Military Communications Market Size, Share, Growth, Overview & Industry Trends by 2032

The global Military Communication Market size is anticipated to reach USD 60.40 billion by 2032 and exhibit a CAGR of 7.2% during the forecast period. The rising adoption of wireless communication technology for various military applications is expected to boost the growth of the market. Fortune Business InsightsTM has presented this information in its report titled, "Military Communication Market, 2024-2032". The market size stood at USD 33.12 billion in 2023 and USD 34.74 billion in 2024. North America dominated the military communications market with a market share of 31.49% in 2023.

Additionally, the increasing adoption of satellite communication technology or SATCOM technology is anticipated to be a key trend stimulating market growth.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/military-communications-market-102696

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞-
• It offers a holistic market assessment that includes information on different market segments such as technology, components, platform application, and others.
• It includes a detailed analysis of the COVID-19 pandemic's impact on the market.
• It highlights various strategies adopted by major market players to acquire growth.
• It showcases the latest industry developments.
• It highlights market's growth assessed according to different geographical regions, North America, Europe, Asia Pacific, and the Rest of the World.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬-
• ASELSAN A.S. (Turkey)
• Cobham PLC (U.K.)
• General Dynamics Corporation (U.S.)
• Honeywell International Inc. (U.S.)
• Iridium Communications Inc. (U.S.)
• L3Harris Technologies Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• Raytheon Technologies Inc. (U.S.)
• Rohde & Schwarz (Germany)
• Thales Group (France)
• Viasat Inc. (U.S.)
• BAE Systems PLC (U.K.)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬-
On the basis of component, the market is bifurcated into software and hardware. On the basis of technology, the market is segmented into data link, HF communication, VHF/UHF/L-Band, and SATCOM. On the basis of platform, the market is fragmented into space, naval, ground, and airborne. On the basis of application, the market is bifurcated into Intelligence, Surveillance, and Reconnaissance (ISR), command & control, situational awareness, routine operations, and others. Geographically, the market is classified into Europe, North America, Asia Pacific, and the Rest of the World.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:

https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/military-communications-market-102696

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬-
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐖𝐢𝐫𝐞𝐥𝐞𝐬𝐬 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐟𝐨𝐫 𝐒𝐞𝐯𝐞𝐫𝐚𝐥 𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
Maintaining consistent communication and protecting highly confidential data are the utmost requirements across the defense sector. This is necessary to ensure public safety else the safety of citizens might be at risk. Moreover, investments in the defense sector are increasing due to growing cross-border disputes and terrorism. These factors are likely to boost the adoption of advanced systems for improved security and safety and bolster the Military Communication Market growth.

The increasing adoption of evolving communication technologies such as ultra-high-frequency, very high-frequency, and SATCOM to replace conventional wired systems is likely to benefit the market growth. Moreover, the growing demand for upgraded communication systems, aerial surveillance vehicles, and advanced battlespace management systems is likely to augment the product adoption.

However, high initial development costs may hinder the market growth.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬-
𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐭𝐨 𝐅𝐨𝐬𝐭𝐞𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
North America is projected to gain the largest Military Communication Market share. The presence of pioneer communication equipment and system manufacturers such as Honeywell International Inc., Raytheon Company, Collins Aerospace, Northrop Grumman Corporation, and others is likely to be a key factor driving the region's market growth.
Europe is anticipated to rank second in the global market. The increasing defense expenditures across Germany, France, and the U.K., coupled with the presence of key naval and airborne communication solution providers, such as Cobham PLC and Thales Group, are expected to fuel the region's market growth.

Asia Pacific is likely to register robust growth in the forthcoming years. The rising commercial aircraft deliveries across developing nations such as China and India and the increasing adoption of network-centric warfare are expected to bolster the market growth in Asia Pacific.

The Rest of the World is estimated to exhibit considerable growth due to increasing defense budgets across Israel, Saudi Arabia, Brazil, and other countries.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞-
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐀𝐝𝐨𝐩𝐭 𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐈𝐧𝐨𝐫𝐠𝐚𝐧𝐢𝐜 & 𝐎𝐫𝐠𝐚𝐧𝐢𝐜 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐭𝐨 𝐂𝐚𝐩𝐭𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡
The marketplace is highly competitive with the presence of leading market players such as Raytheon Technologies Inc., Northrop Grumman Corporation, L3Harris Technologies Inc., and others. The major market players adopt inorganic and organic growth strategies, including technological advancements, contracts, partnerships, acquisitions, and others to amplify their revenues. For instance, Thales Group launched the new Javelin Combat Net Radio in January 2021 to facilitate tactical command and control (C2) communications in military formations.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭-
𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟑: French Defense Procurement Agency chose Thales Group to advance the upcoming phase of ground-based segment of Syracuse IV SATCOM system for French Armed Forces.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/military-communications-market-102696

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐀𝐧𝐭𝐞𝐧𝐧𝐚 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/industry-reports/military-antenna-market-101824

𝐓𝐞𝐥𝐞𝐦𝐞𝐭𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/telemetry-market-102598

𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/industry-reports/military-radar-market-101777

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