[email protected]
We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors. | × |
---|
2019-06-18
245
Global
Despite of reduction in military budgets in past few years, rising geopolitical issues and cross border security concerns are fuelling the demand for strong military power for countries across the globe. This growing concern over wars and border security is increasing the spending on command, control, communication, computers, intelligence, surveillance and reconnaissance (C4ISR) systems which will eventually fuel the growth for global military communications market. Moreover, involvement of US in Middle East conflicts is highlighting the requirement for advance communication systems for militaries to operate effectively in remote and hostile environment. Furthermore, ongoing terrorism threats and territorial conflicts between countries such as North Korea and South Korea, India and Pakistan and China’s ongoing attempts to claim entire regional dominance are contributing in the growing demand for advance military C4ISR platforms.
Applications of sensors and smart devices are penetrating into defense industry which are providing strategic advantages in battlefields and promoting the connected military systems. Weight, power and size are major limitations for military system to use advance devices. To overcome this situation, companies such as TE Connectivity Ltd. are focusing on the advancements of products with small antenna, lightweight electronics and radio-frequency technology for the connected military system. These technologies are likely to boost the demand for military Communications across the globe. Moreover, in 2016, acquisition of GATR Technologies (GATR) by Cubic Corporation for the development of next-generation deployable satellite communication terminal solutions to expand its mobile command and control systems for defense industry. Such initiatives are expected to support the growth of military communications market in the near future.
Global Military Communication Market is segmented on the following basis:
Global military communication market is anticipated to reach over USD 62.0 billion in 2024, registering a notable CAGR of 11.3% during the forecast period. Wide adoption of emerging technologies such as advanced extra high frequency (AEHF) band satellite communication, Ka-band, commercial off-the-shelf (COTS) products and other technologies in defense industry for confidential, reliable and fast communication are expected to propel the deployment of advance military communication systems across the globe.
North America occupied over 46% revenue share of global military communication market in 2015 and is projected to reach value over USD 23.0 billion in 2024. Despite the presence of largest military communication market in North America, Canada has the weakest military strength due to lack of attack helicopters, combat aircraft and other strong military ammunitions. Reduction in military budget is hindering the growth of Canada military communications market.
Asia-Pacific and Middle East and Africa region are projected to witness remarkable growth for military communication market during the forecast period. Presence of well-built military powers such as China, India, Egypt, Japan, Israel and South Korea are supporting the market growth of military communications in Asia-Pacific and Middle East and Africa region. Although Israel has small military however, maximum numbers of Israeli populations have military training. Israel has advanced fighter jets, high-tech armed drones with advance space assets, nuclear weapons. Israel government invested over USD 2 billion for advance military satellites.
Europe military communication market is expected to grow at a CAGR of 9.8% during the forecast period. With the ongoing Ukraine crisis, Poland military communications market showed an impressive growth in past few years owing to its increasing military spending. Moreover, strong military power and huge adoption of advance military communication system by Germany, Russia, France and Italy are likely to drive the growth of military communication market in the region.
Communication systems are becoming an integral part of military’s strategic advantage, due to growing conflicts and wars between countries. Ongoing terrorism fears are increasing the need for the rapid deployment of advance military communication and intelligence systems. Military communication system also required in disaster relief centers for quick response and help for people in trouble. Moreover, robust network environments and connected technology are enhancing the communication systems and propelling the demand for military communication across the globe. However, high cost of communication system design and lack of precise and customized equipments for varied forces for communication in hostile environment hindering the growth of military communications market. Huge initial investment for the deployment of latest network communication platforms such as 2G/3G/4G and LTE are inhibiting the growth of global military communication market.
Market Synopsis
Market Segmentation
The Global Military Communication Market is segmented as follows:
By Region
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
For a full detailed overview, send us sample requset.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
OR Call Us:+1-646-568-7747Global Aircraft Ground Support Equipment Market Outlook: Global Opportunity, By Fuel Type, By Equipment & & by Region with Forecast 2017-2030
Automotive Telematics Market: Share, Trends, Growth Drivers, Challenges, Scope & Key players Analysis By Telematic Devices, By Communication Types, By Applications & By Region for Forecast Period 2016-2024
Global Smart Transportation Market Size, Share, Trends, Growth Drivers, Challenges, Key players, Competitive Background, Regional Market Analysis by Components (Hardware, Software, Platform) & by Region with Forecast 2017-2030
Unified Communication Market Size, Share, Trends, Growth & market leaders Analysis by Component (Telephony, Presence Management, Mobility), by Product Type (UCCaaS, UC&C), by Deployment Type (On-Premise, Hybrid, and Cloud) with regional outlook & forecast to 2024