According to Goldstein Research, “Ability to understand the battlefield situations and awareness & management of conflicts at formative stages are driving the need for critical, exquisite and advance satellites for military operations. Defense industry equipped with antiquated network communication with limited information capabilities is driving the demand for advance military communication systems. Moreover, advancement in various products and technologies such as higher frequency Ka-band terminals, IP-centric communications and advanced extremely high frequency (AEHF) band satellite systems with fast and secure communication are expected to support the strong growth of military communication market in coming future.”
Global military communication market is segmented on the basis of communication type, by systems and by application. Component segment is further bifurcated into military SATCOM systems, military radar systems, military radio systems, military intercom network systems, military communication management system. Military SATCOM systems segment is likely to dominate during the forecast period, owing to the increasing launch of space-based satellite systems and ground-based satellite systems for military communications systems. In 2016, total number of radio shipments valued nearly 131,000 units. With increasing number of radio shipments military radio systems segment is projected to witness healthy growth over the forecast period
Asia-Pacific and Middle East and Africa are the fastest growing region for global military communication market. Middle East and Africa military communication market is anticipated to grow at a CAGR of 4.6% during the forecast period, whereas Asia-Pacific military communication market valued USD 5.1 billion in 2016. Rising military budget of countries such as China, India, Japan, Turkey, Israel, Egypt, Saudi Arabia, the UAE, Taiwan and South Korea are expected to support the growth of military communication market in the regions.
Partnership on Innovations: Driving Military Space Communication
Shifting of defense industry towards a network centric approach for their communication systems are likely to bring remarkable changes in military communication market in the near future. Leading vendors are focusing in improving the services for military communication. In 2017, Lockheed Martin UK and Elbit Systems partnered together under the Maritime Electronic Warfare Programme (MEWP) to upgrade the Royal Navy's electronic warfare potential and communication system. Moreover, partnership of National Space Defense Center with US Department of Defense targeting to bring intelligent communication system solution for US military.
“Global Military Communication Market Outlook 2024” contains detailed overview of the global military communication market in terms of market segmentation by communication type, by systems and by application.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global military communication market also provides competitive outlook of some of the major players of global military communication market which includes profiling of companies such as Lockheed Martin Corporation, BAE Systems plc, Northrop Grumman Corporation, L-3 Communications Holdings Inc., Airbus group, Rockwell Collins, Raytheon Company, Thales Group, Alcatel-Lucent S.A., General Dynamics Corporation, Harris Corporation, Ultra Electronics, Elbit Systems and ViaSat, Inc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global military communication market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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