Market dynamics and factors:
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Increasing demand for light and small military portable radios is identified as one of the main drivers for the growth of the global defense tactical radio market. In addition, the increasing importance of effective communication, together with application in various sectors such as government and public safety and the growing demand for wireless communication, which helps to provide secure and silent information to the end user, also accelerates market growth. However, the lack of limited opportunities and a range of channels are responsible for limiting market growth. In addition, the growing demand for tactical radio in the emerging market, combined with the government’s positive approach to investing in the telecommunications sector, creates opportunities for market growth. Susceptibility to hacking by enemies is considered a market challenge.
Market segmentation:
Depending on the type, the global radio defense tactics market is classified as manual and vehicle-mounted. By application, the market is categorized into Special Operations Forces (SOF), Army, Navy and Air Force. The geographical breakdown and analysis of each of the above segments includes regions including North America, Europe, the Asia-Pacific region and RoW.
Geographical analysis:
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North America is responsible for the highest revenue share with approximately 39.71% in the radio tactical defense market in 2019, due to increased adoption of electronically based systems and high military spending in the defense sector. In the US market, the military segment includes the initiative for direct military radio contact with Allied forces, which has contributed the most and is expected to reach $ 1,813.4 million by the coming period. The growing number of conflicts in the Asia-Pacific region leads to the need for the deployment of SOF will continue to increase due to the improved characteristics of military radiocommunication equipment. In Latin America, the growing need for communication between the troops and the base center is expected to dominate the market during the forecast period. The Middle East and Africa are expected to see significant growth over the forecast period.
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Competition scenario:
Key players in global tactical defense markets BAE Systems, Inc., Codan Limited, Barrett Communications Pty. Ltd, Cobham plc., General Dynamics Corporation, Harris Corporation, Leonardo SpA, Raytheon Company, Rockwell Collins, Inc. and Thales SA