Tactical Communication Market is Forecasted to Reach US$ 21.1 Billion in 2028, Says Stratview Research

The global tactical communication market is projected to witness a growth rate of 15.1% annually from 2022 to 2028 with an anticipated size of US$ 21.1 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global tactical communication 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 2028: US$ 21.1 billion
Growth (CAGR): 15.1% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Tactical Communication Market:

The global tactical communication market is segmented based on platform type, type, technology type, application type, and region.

Based on platform type - The tactical communication market has been divided into airborne, shipborne, land-based, and submerged systems based on the platform. The tactical communication market's underwater tactical communication systems segment is anticipated to see the greatest CAGR growth during the forecasting period.

Based on type - The tactical communication market has been divided into many types based on type, including soldier radio, manpack radio, high-capacity data radio (HCDR), and vehicle intercommunication radio (VIC). According to market size, the vehicle intercommunication radios (VIC) category now holds a monopoly and is predicted to keep it for the next five years. The manpack radios category, however, is anticipated to see the fastest CAGR growth throughout the projection period.

Based on technology type - Tactical communication systems based on next-generation networks (NGNs) and time-division multiplexing (TDM) have been divided into market segments based on technology. During the projection period, the NGN tactical communication systems sector is anticipated to see the greatest CAGR.

To know the most attractive segments, click here:
https://stratviewresearch.com/2965/tactical-communication-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America will likely maintain its supremacy in the tactical communication market throughout the forecast period. This growth outlook is majorly attributed to the following-

• The world's largest military spender is the United States. According to SIPRI, the nation's military spending increased by 4.4 percent in 2020 to reach USD 778 billion, making up 39% of all military spending worldwide.Rapid industrialization, urbanization, and the increasing demand for detergents and petrochemicals.

Concurrently, Asia Pacific is expected to witness the fastest growth in the tactical communication market during the forecast period. The APAC area has seen an increase in defense spending, with a particular focus on enhancing communications capabilities by acquiring cutting-edge tactical communication equipment. Manufacturers of tactical communication systems now have large market potential.

Tactical Communication Market Drivers:

Some of the key drivers listed in the report are given below.

• Increasing Defense Expenditures
• Integration of Advanced Technologies
• Growth in Unmanned Systems

Top Companies in the Tactical Communication Market:

Stratview Research has identified the following companies as the top market players.
• BAE Systems PLC.
• Northrop Grumman Corporation
• General Dynamics Corporation
• L-3 Communications Holdings, Inc.
• Ultra Electronics
• Raytheon Company
• Harris Corporation
• Iridium Communications
• Viasat, Inc.
• Curtiss-Wright (Tactical Communications Group LLC)
• Thales Group

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Tactical Communication 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

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This release was published on openPR.