The global military communications market is estimated at approximately $ 32.21 billion in 2019 and is expected to grow at a healthy growth rate of over 4.2% over the forecast period 2020-2027.
Military communications include all functions related to the communication of information and data from the armed forces for resourceful operation, military command and control. Military communications depend to a large extent on a massive and complex communication network of equipment and protocols for the transfer of information between people and geography. Military communications simplify the secure and stable provision of timely connectivity, the exercise of power, as well as the direction of forces in different geographical areas. The swelling demand for confidential, secure and accurate real-time data transmission in military communications is likely to stimulate the market. In addition, the growing emphasis on establishing network-oriented and data-oriented communications and improvements in handheld products and technologies such as software-defined radio (SDR) is expected to increase exponentially in the market over the forecast period.
In addition, expanding military investment is expected to boost the global military communications market. According to the Stockholm International Peace Research Institute (SIPRI), China and India in 2019 are the second and third largest military-budget countries in the world. China’s military spending is $ 261 billion, up 5.1 percent from a year earlier at $ 2.53 billion. While Indian military spending increased by 6.8% to a total of $ 71.1 billion. However, interoperability problems are hampering market growth over the forecast period 2020-2027. However, the growing adoption of advanced Ka Group satellites for communication services represents a lucrative market opportunity.
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The regional analysis of the global military communications market is considered for key regions such as the Asia-Pacific region, North America, Europe, Latin America and the rest of the world. North America is the world’s leading / significant region in terms of market share, thanks to the early adoption of technology and well-developed infrastructure. While the Asia-Pacific region is also expected to show the highest growth rate / CAGR in the forecast period 2020-2027. Factors such as fast-growing investment would create lucrative prospects for growth in the Asia-Pacific military communications market.
The main market players included in this report are:
The purpose of the study is to determine the market size of different segments and countries in recent years and to forecast the values for the next eight years. The report is designed to include both qualitative and quantitative aspects of the industry in each of the regions and countries participating in the study. In addition, the report provides detailed information on key aspects such as drivers and challenges that will determine future market growth. In addition, the report also includes the available micro-market opportunities that stakeholders can invest, together with a detailed analysis of the competitive landscape and the offering of products to key players. The detailed market segments and sub-segments are explained below:
By type of communication:
In the air
Satcom military systems
Military radio systems
Military security systems
Communication management systems
Command and control
The rest of the world
In addition, the years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
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Target audience on the global market of military communications in market research:
Major consulting companies and advisors
Large, medium and small enterprises
Value Added Resellers (VAR)
Knowledge providers from third countries