Airborne Tactical Radio Market is Forecasted to Reach US$ 1.8 billion in 2027, Says Stratview Research

The global airborne tactical radio market is projected to witness a growth rate of 6.5% annually from 2022 to 2027, with an anticipated size of US$ 1.8 billion by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global airborne 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:
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Report Highlights:
Market Size in 2027: US$ 1.8 billion
Growth (CAGR): 6.5% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+

Segment Insights on the Airborne Tactical Radio Market:
The global airborne tactical radio market is segmented based on device type, frequency type, and region.

Based on device type - The market is bifurcated into air-air radio and air-ground/ship radio. Air-ground radio is expected to remain the dominant as well as the fastest-growing device type in the market during the forecast period. As the demand for unprecedented air-ground interoperability is gaining momentum in recent years, there has been a progress in the sales of air-ground tactical radios to the defense authorities. These radios offer a smooth and effective channel for communication and also assist the aircrew during critical battlefield missions. As a result, the larger deployment of these radios by the military forces enables greater mission effectiveness, which also helps drive market growth.

Based on the frequency type - The market is segmented as HF, VHF/UHF, and VHF/UHF with SATCOM. Among frequency types, VHF/UHF type is the most commonly used frequency type for airborne tactical radios. These radios are the most sought after by the armed forces as they provide better data throughputs as compared to the radios with other frequency types. Moreover, the VHF/UHF radios are suitable for long-range communication, due to which they are a popular choice in defense, particularly for air-ground communication.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for airborne tactical radios over the forecast period. This growth outlook is majorly attributed to the following-
- This is due to the sheer presence of the leading companies in the market such as Raytheon Technologies Corporation, L3Harris Technologies, Inc., Northrop Grumman, and BAE Systems, who are among the prime contractors for the US Department of Defense for airborne tactical radios.
- In addition, the US Air Force is the supreme air power and the US DoD is extensively investing in airborne communication to mark their dominance.
- Asia-Pacific is likely to witness the fastest market growth in the coming years due to the growing penetration of regional companies such as Hytera Communications Corporation Limited, Rolta India Limited, and Bharat Electronics Limited (BEL), among others.
- Furthermore, the countries, such as China and India, have been increasing their annual military expenditure, which is comprehensively driving the regional market growth.

Airborne Tactical Radio Market Drivers:

Some of the key drivers listed in the report are given below.
- Growing demand for air-ground radios across the globe to ensure unprecedented multi-platform interoperability.

Top Companies in the Airborne Tactical Radio Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• BAE Systems
• Raytheon Technologies Corporation
• L3Harris Technologies, Inc.
• Rohde & Schwarz GmbH & Co. KG
• Northrop Grumman

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Airborne 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?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.