Press release
Tactical Communication Market: Growth Projections, Key Players, and Future Trends
Substantial growth, key drivers, and contemporary trends rule the Tactical Communication Market.What Is The Projected Market Size Of The Global Tactical Communication Market And Its Growth Rate?
The Tactical Communication Market has witnessed significant growth in recent years. Here are some key numbers:
* The market size was $20.92 billion in 2024, growing to $22.75 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%.
* The growth rate from 2024 to 2025 was largely due to strong economic growth in emerging markets, increased investments, and a rise in military equipment expenditure.
* The market size is expected to grow further to $30.73 billion in 2029 at a CAGR of 7.8%.
What Is Driving The Growth In The Tactical Communication Market?
Increased government expenditure for military applications is a key driver for the Tactical Communication Market. Military applications entail the use of tactical communications for the transfer of information between commands, individuals, or locations on the battlefield. With increased military spending globally, the market for tactical communications continues to expand. For instance, in April 2024, the Stockholm International Peace Research Institute reported that Total global military expenditure reached $2443 billion in 2023, marking a 6.8% increase from 2022. Therefore, the rise in government military expenditure is driving the growth of the tactical communication market.
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Who Are the Key Players Driving Tactical Communication Market Growth?
Notable companies in the Tactical Communication Market include:
* 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
What Are The Key Trends In The Tactical Communication Market?
Key trends in the forecast period include:
* Focus on data-sharing paradigms
* Launching new products to increase productivity and gain a competitive advantage
* Developing technologically advanced products
* Prioritizing high-speed communication to improve market position
* The use of Artificial Intelligence (AI) to improve product offerings
* Launch of new tactical radio extenders over satellite solutions
* Collaborations and partnerships for product and geographic expansion
What Are The Segments Of The Global Tactical Communication Market?
The Tactical Communication Market is segmented by:
1) Product: Networking Radios, Multiband Radio, SATCOM (Satellite Communication), Video Processors, Other Products
2) Platform: Underwater Tactical Communication Systems, Airborne Tactical Communication Systems, Land Tactical Communication Systems, Shipborne Tactical Communication Systems
3) Technology: Time Division Multiplexing, Next Generation Networks
4) Application: Integrated Strategic Resources, Communication, Combat, Command And Control, Other Applications
Which Region Leads The Tactical Communication Market?
North America was the largest region in the Tactical Communication Market in 2024, and Asia-Pacific is expected to be the fastest-growing region in the forecast period.
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What Is Covered In The Tactical Communication Market Global Market Report?
- Market Size Analysis: Analyze the Tactical Communication Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Tactical Communication Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Tactical Communication Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Tactical Communication Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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