CHICAGO,, November 17, 2020 / PRNewswire / – According to the new market research report “Military communications market by type of communication (air, air, surface, ground), component (Satcom military systems, military radio systems, military security systems), application, end user and region – global forecast until 2025 “, published by MarketsandMarkets ™, the size of the global military communications market from which it grows $ 33.4 billion in 2020 to $ 40.6 billion by 2025 at a compound annual growth rate (CAGR) of 4.0% over the forecast period. Key drivers of growth in the military communications market include growing security concerns and orders for military communications solutions due to growing disputes between countries around the world.
View the in-depth TOC of “Military Communications Market “
188 – Masses
44 – Figures
210 – Pages
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=66198542
The world has witnessed several pandemics, but nothing has come close to the current global pandemic. COVID-19 started as a regional virus, but spread rapidly around the world. The Great Britain,, France, and Germany represent up to 50% of total European defense spending. Due to the economic impact of the Covid-19 crisis on overall budgets, these countries are likely to implement cuts in their military spending in the near future, reducing the overall European average. The effect will be relatively long-lasting and their combined defense spending in 2031 will be around $ 25 billion, less than originally expected. Several states and their armies make sure that troops supporting local and state governments in the fight against COVID-19 are equipped with the latest information and communication systems.
The air communication segment to maintain a larger market size during the forecast period
The communication segment includes air, air-ground, underwater, ground and ship communications. The air communications 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 improve the capabilities of the Air Force. Several countries, such as the United States, the United Kingdom, Russia,, Israel,, India,, Japan,, Singapore, and China, have increased their spending to strengthen their air force, which is expected to increase the cost of air communications. The underwater communications segment is projected to grow with the highest CAGR over the forecast period.
The military SATCOM systems segment maintained the largest market size during the forecast period
The market of military communications by components is segmented into military systems SATCOM, military radio system, military security system and communication management system. Among the components, the military segment of SATCOM systems is expected to hold the largest share in the military communications market. Most technologically advanced countries rely on SATCOM communications due to wider coverage, easy installation, security and location independence. With the advent of SDRs, the military radios segment is expected to grow at a decent pace. Security concerns are expected to stimulate the adoption of military security systems, thus stimulating the growth of the military security segment.
The command and control segment to maintain the largest market size during the forecast period
The market of military communications by applications is divided into command and control, routine operations, awareness of the situation and others. The Management and Control segment is expected to represent 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 Force segment to maintain the largest market size during the forecast period
The market for military communications by end users is divided into ground forces, naval forces and air forces. Among end-users, the air force segment is projected to grow at the fastest pace, while the ground force segment is expected to make the largest contribution to the market.
Get special prices for package reports: https://www.marketsandmarkets.com/RequestBundleReport.asp?id=66198542
North America to maintain the largest market size during the forecast period
The military communications market is divided into five regions: North America,, Europe, APAC, MEA and Latin America. North America is expected to maintain the largest market size over the forecast period due to growing technological advances 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 suppliers worldwide Military communications market includes ASELSAN (Turkey), BAE Systems (UK), Lockheed Martin (USA), Northrop Grumman (USA), Raytheon (USA), Cobham (UK), Elbit Systems (UK)Israel), General Dynamics (USA), Harris Corporation (USA), ThalesFrance), Viasat (USA), Inmarsat (UK), Iridium (USA), SystematicDenmark), Leonardo (Italy), Israel Aerospace Industries (Israel), Rheinmetall (Germany), Rolta (India), Rufus Laboratory (USA), Vantage Robotics (USA), CRON Systems (UK), Fortem Technologies (USA), Airspace Systems (USA), Citadel Defense (USA).
Get a 10% customization of this research report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=66198542
Explore the neighboring markets: Software and services market research Reports and consultations
Related reports:
Maritime satellite communication market by component (solutions and services), solution (VSAT and MSS), service (tracking and monitoring, voice, video, data), end user (commercial supply, offshore, government) and region – global forecast until 2025
Signal Intelligence Market (SIGINT) by type (electronic intelligence (Elint) and communication intelligence (Comint)), application (in the air, naval forces, ground (mounted on vehicles, soldiers and base station), space and cybernetics) and the region – global forecast until 2023
https://www.marketsandmarkets.com/Market-Reports/signals-intelligence-market-192913423.html
All about MarketsandMarkets ™
MarketsandMarkets ™ provides a quantitative B2B survey of 30,000 high-growth niches / opportunities / threats that will affect 70% to 80% of global company revenue. It currently serves 7,500 customers worldwide, including 80% of global Fortune 1000 customers. Nearly 75,000 top employees in eight industries around the world turn to MarketsandMarkets ™ for their revenue decision points.
Our 850 full-time analysts and SMEs at MarketsandMarkets ните track global high-growth markets following the GEM Growth Commitment Model. GEM aims to proactively work with customers to identify new opportunities, identify key customers, write “Attack, Avoid and Defend” strategies, and identify sources of additional revenue for both the company and its competitors. MarketsandMarkets ™ now offers 1500 MicroQuadrants (positioning top players among leaders, emerging companies, innovators, strategic players) annually in emerging high-growth segments. MarketsandMarkets ре is determined to benefit over 10,000 companies this year for their revenue planning and help them bring their innovations / disruptions to market early by providing them with pre-curve research.
MarketsandMarkets’ flagship competitive intelligence and market research platform, the Knowledge Store, connects more than 200,000 markets and entire value chains for a deeper understanding of dissatisfied insights, along with market sizing and niche market forecasts.
Contact:
Mr. Aashish mehra
MarketsandMarkets ™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: + 1-888-600-6441
Email: [email protected]
Research: https://www.marketsandmarkets.com/ResearchInsight/military-communications-market.asp
Visit our website: https://www.marketsandmarkets.com
Content source: https://www.marketsandmarkets.com/PressReleases/military-communications.asp
SOURCES Markets and Markets
