Military Communications Market Size, Share, Growth, Demand, and Industry Trends by 2032
The global military communications market is expected to grow significantly, reaching around $60.40 billion by 2032, with a steady annual growth rate of 7.2%. This growth is mainly driven by the increasing use of wireless communication technology in military operations.
According to a report by Fortune Business Insights™, the market was valued at $33.12 billion in 2023 and is projected to rise to $34.74 billion in 2024.
A major trend contributing to this growth is the rising adoption of satellite communication (SATCOM) technology, which is becoming more important for military communication systems.
Know More Information:
https://www.fortunebusinessinsights.com/military-communications-market-102696
List of Key Military Communications Market Players:
- ASELSAN A.S. (Turkiye)
- General Dynamics Corporation (U.S.)
- L3Harris Technologies, Inc. (U.S.)
- Viasat Inc (U.S.)
- Cobham PLC (U.K.)
- BAE Systems PLC (U.K.)
- Elbit Systems Ltd. (Israel)
- Lockheed Martin Corporation (U.S.)
- Northrop Grumman Corporation (U.S.)
- RTX Corporation (U.S.)
Military Communications Market Segments Analysis:
The military communications market is divided into different categories:
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By Component: It includes software and hardware.
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By Technology: It is categorized into data link, HF communication, VHF/UHF/L-Band, and SATCOM.
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By Platform: The market is split into space, naval, ground, and airborne communication systems.
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By Application: It is used for various purposes like Intelligence, Surveillance, and Reconnaissance (ISR), command & control, situational awareness, routine operations, and more.
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By Region: The market is spread across North America, Europe, Asia Pacific, and the Rest of the World.
Report Coverage:
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The report provides a complete overview of the market, covering different areas like technology, components, platforms, and applications.
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It includes an in-depth analysis of how the COVID-19 pandemic affected the market.
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It highlights the strategies used by key companies to grow and stay competitive.
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It showcases the latest industry trends and developments.
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It examines the market’s growth across different regions, including North America, Europe, Asia Pacific, and the Rest of the World.
Drivers & Restraints:
Growing Use of Wireless Communication in the Military to Drive Market Growth
In the defense sector, secure and reliable communication is extremely important to protect sensitive information and ensure public safety. If communication fails, it could put citizens at risk.
Due to rising cross-border tensions and terrorism, governments are increasing their defense investments. This is leading to the adoption of advanced security and communication systems, which is driving the growth of the military communications market.
New communication technologies like ultra-high-frequency (UHF), very high-frequency (VHF), and satellite communication (SATCOM) are replacing old wired systems. Additionally, the demand for better communication systems, aerial surveillance vehicles, and advanced battlefield management tools is further boosting the adoption of these technologies.
However, the high initial costs of developing these advanced systems could slow down market growth.
Regional Insights:
North America Leads the Military Communications Market
North America is expected to have the largest market share in military communications. This is mainly because it is home to major communication equipment and system manufacturers like Honeywell International Inc., Raytheon Company, Collins Aerospace, and Northrop Grumman Corporation. Their presence helps drive growth in the region.
Europe is expected to be the second-largest market. Countries like Germany, France, and the U.K. are increasing their defense budgets. Additionally, key companies like Cobham PLC and Thales Group, which specialize in naval and airborne communication systems, are contributing to market expansion.
Asia Pacific is expected to see strong growth in the coming years. Factors such as the rise in commercial aircraft deliveries in China and India and the increasing adoption of network-centric warfare are driving demand for advanced communication systems.
The Rest of the World is also expected to grow steadily. Countries like Israel, Saudi Arabia, and Brazil are increasing their defense spending, which is helping to expand the market in these regions.
Competitive Landscape:
Leading Companies Use Different Strategies to Grow in the Market
The military communications market is highly competitive, with major companies like Raytheon Technologies Inc., Northrop Grumman Corporation, and L3Harris Technologies Inc. playing a key role.
To stay ahead, these companies use various growth strategies, such as:
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Developing new technologies
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Winning contracts
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Forming partnerships
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Acquiring other companies
For example, in January 2021, Thales Group launched the Javelin Combat Net Radio, a new system designed to improve tactical command and control (C2) communication for military operations.
Industry Development:
Thales Group Chosen to Develop France’s Military SATCOM System
In February 2021, the French Defense Procurement Agency selected Thales Group to work on the next phase of the Syracuse IV satellite communication (SATCOM) system. This system will help improve ground-based communication for the French Armed Forces.
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