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 according to report published by
MarketsandMarkets.
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 world has witnessed
several pandemics, yet nothing has come close to the current global pandemic.
The COVID-19 began as a regional virus but quickly spread all over the world.
The United Kingdom, France, and Germany account for up to 50% of overall
European spending on defense. Due to the economic impact of the Covid-19 crisis
on overall budgets, these countries are likely to implement cuts to their
military expenditure in the near term, bringing down the overall European
average. The effect will be relatively long-lasting, and their combined defense
spend in 2031 will be around USD 25 billion, less than initially expected.
Several countries and their armies are making sure that soldiers supporting
local and state governments fight against COVID-19 are equipped with the latest
situational awareness and communication systems.
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.
The air forces segment to hold the largest
market size during the forecast period
The military communications market by
end users has been segemented into land forces, naval forces, and air forces.
Among end users, the air forces segment is projected to grow at the fastest
rate, whereas the land forces segment is expected to be the major contributor
to the market.
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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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