The report "Military Communications Market by Communication Type (Airborne, Air-Ground, Underwater, Ground-Based), Component (Military Satcom Systems, Military Radio Systems, Military Security Systems), Application, End-User, and Region - Global Forecast to 2025", global Military Communications market size to grow from USD 33.4 billion in 2020 to USD 40.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period. The key factors driving the growth of the military communications market include the rising security concerns and the procurement of military communication solutions due to an increase in disputes among different countries across the world.
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The airborne communication segment to hold a
larger market size during the forecast period
The communication type
segment comprises airborne, air-ground, underwater, ground-based, and shipborne
communications. The airborne communication segment is expected to hold a larger
market share during the forecast period. The key trend contributing to this
market growth is the increased focus and investment to enhance the capabilities
of air forces. Several countries, such as the US, the UK, Russia, Israel,
India, Japan, Singapore, and China, have increased their spending to strengthen
their air forces, which is expected to enhance the expenditure on airborne
communications. The underwater communications segment is projected to grow at
the highest CAGR during the forecast period.
The military SATCOM systems segment to hold
the largest market size during the forecast period
The military
communications market by component has been segmented into military SATCOM systems,
military radio system, military security system, and communication management
system. Among components, the military SATCOM systems segment is expected to
hold the largest share of the military communications market. Most of the
technologically advanced countries rely on SATCOM communications due to broader
coverage, easy installation, security, and location independence. With the
advent of SDR, the military radio systems segment is projected to grow at a
decent pace. Security concerns are expected to boost the adoption of military
security systems, thus driving the growth of the military security systems
segment.
The command and control segment to hold the
largest market size during the forecast period
The military communications market by
applications has been segmented into command and control, routine operations,
situational awareness, and others. The command and control segment is estimated
to account for the largest share of the military communications market due to
the need for integrated and interoperable capabilities to establish proper
control over military operations.
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North
America to hold the largest market size during the forecast period
The
military communications market has been segmented into five regions: North
America, Europe, APAC, MEA, and Latin America. North America is projected to
hold the largest market size during the forecast period due to the increasing
technological advancements in the region. APAC is expected to witness the
highest growth rate during the forecast period. It is also expected to be the
fastest-growing region in the military communications market.
Major
vendors in the global military communications market include ASELSAN (Turkey),
BAE Systems (UK), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US),
Cobham (UK), Elbit Systems (Israel), General Dynamics (US), Harris Corporation
(US), Thales (France), Viasat (US), Inmarsat (UK), Iridium (US), Systematic (Denmark), Leonardo
(Italy), Israel Aerospace Industries (Israel), Rheinmetall (Germany), Rolta
(India), Rufus Lab (US), Vantage Robotics (US), CRON Systems (UK), Fortem Technologies
(US), Airspace Systems (US), Citadel Defense (US).
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