Tactical Radio Market is Forecasted to Reach US$ 11.2 billion in 2030, Says Stratview Research

The global tactical radio market is projected to witness a growth rate of 6.0% annually from 2024 to 2030, with an anticipated size of US$ 11.2 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global tactical radio market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2778/tactical-radio-market.html#form

Report Highlights:
Market Size in 2030: US$ 11.2 billion
Growth (CAGR): 6.0% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Tactical Radio Market:

The global tactical radio market is segmented based on platform type, frequency type, product type, and region.

Based on platform type - The tactical radio market is bifurcated into ground-based, naval-based, and airborne platforms.
Ground-based platform is expected to remain dominant whereas airborne platform will be the fastest-growing platform of the market during the forecast period. Moreover, with the increasing terror threats and border disputes, the demand for ground tactical radios is expected to intensify. For example, in the ongoing Russia-Ukraine war, the Russian military was reportedly using the Chinese-manufactured BaoFeng UV-82HP tactical radios for communication with their military personnel, who were stationed in Ukraine.

Based on frequency type - The market is segmented into HF, VHF/UHF, and VHF/UHF with SATCOM.
VHF/UHF is likely to remain the dominant and fastest-growing frequency of the market during the forecast period. They serve as a reliable source of two-way communication. Similarly, HF tactical radios are generally used for long-range communication, but due to the limited availability of frequency and low bandwidth capacity, they are not used as broadly as their VHF/UHF counterparts. Also, the demand for VHF/UHF radios with SATCOM is quite low as compared to that of HF and VHF/UHF radios as they are quite expensive.

Based on product type - The market is classified as fixed tactical radios and deployed tactical radios.
Deployed Radio is expected to remain the dominant and fastest-growing product during the forecast period. With the increasing demand for effective communication for military personnel (armed forces, air forces, and naval forces) on the move, the deployed tactical radios have gained prominence. The air-to-ground tactical radios, in particular, have witnessed a large demand in recent years to ensure proper multi-domain interoperability.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/2778/tactical-radio-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-

• In terms of regions, North America is likely to maintain its supremacy in the tactical radio market throughout the forecast period.
• This is mostly due to the large investments made by the US DoD in tactical radios with the companies: L3 Harris Technologies, Inc., Collins Aerospace, BAE Systems, and Elbit Systems Ltd. Moreover, the US is the largest military spender globally, accounting for more than 1/3rd of the total share.
• In addition, major players in the market have their presence or are headquartered in the US.
• Concurrently, Asia-Pacific is expected to witness the fastest growth in the global tactical radio market during the forecast period.
• The key factors responsible for the swift growth are increased demand for tactical radios by the military forces and a rise in overall military expenditure (especially in China and India).

Tactical Radio Market Drivers:

Some of the key drivers listed in the report are given below.
Rising military expenditure in recent times along with the increasing radio modernization expenses and growing geopolitical risks, across the globe.

Top Companies in the Tactical Radio Market:
Stratview Research has identified the following companies as the top market players.
• ASELSAN A.S.
• BAE Systems
• Collins Aerospace
• Elbit Systems Ltd.
• General Dynamics Corporation
• L3Harris Technologies, Inc.
• Leonardo DRS
• Northrop Grumman
• Rohde & Schwarz
• Thales Group

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Tactical Radio Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Ground Tactical Radio Market: https://www.stratviewresearch.com/2779/ground-tactical-radio-market.html
• Airborne Tactical Radio Market: https://www.stratviewresearch.com/2780/airborne-tactical-radio-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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This release was published on openPR.