The market dynamics help market players and investors determine the factors influencing the market growth and accordingly plan business goals.
Progressive Markets added a report, "Global Military Communications Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025," which says that the market is growing at a considerable CAGR from 2014 to 2025.
Military communication has been playing a vital role in warfare for a very long time. It refers to the sharing of information between the command base and deployed forces present in active war zones or troops conducting border patrols.
The main aim of military communication is to ensure that the commanders maintain continuous control over their subordinate forces and that messages are conveyed to the forces at the proper time via a secure and low visible path. The messages can be regarding the threat of enemy attack, implementation of readiness,.
In the current times, advanced communication systems are used for all defense forces such as land, air, sea, and underwater. They include radios, telephones, and satellite communication (SATCOM), cryptographic, and control devices.
Messenger and postal communications are done by airplanes, helicopters, motor vehicles, and more. Signal communication is done using rockets, lights, flags, and sirens.
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Market Drivers and Restraints
The report includes the market drivers and restraints that play a role in the growth of the military communications market. Growing need for advanced communication solutions such as encrypted communication, integrated tactical communication systems, edge devices, and very high-frequency radios are likely to propel the growth of the market.
In addition, the increase in technological advancements in the emerging economies and huge expenditure on the defense sector by emerging countries such as Russia, India, China, Brazil, Japan, and others are likely to provide opportunities for growth. Nonetheless, factors such as the high cost associated with system design and precise customization for varied forces cause hindrances to the market growth.
Military Communications Market Key Segmentation:
The military communications market analysis report studies the global market by its application, component, deployed platform, and geography. Based on the application, the market is classified as command & control, movement & maneuver, real-time awareness, and others.
Based on the component, the market is divided into radio, SATCOM, intercom networks, and software suits. Based on the deployed platform, the market is classified as airborne, manpack/vehicular (land), navy fleet, and underwater.
Based on geography, the market is segmented into North America, Europe, LAMEA, and Asia-Pacific. The market in the North-American region has been studied in Canada, U.S., and Mexico.
The market in European region has been studied in Germany, UK, Italy, France, and the other parts of Europe. In the LAMEA region, the market has been studied in Brazil, South Africa, Saudi Arabia, and the rest of LAMEA.
The military communications industry in the Asia-Pacific region has been analyzed across China, Japan, South Korea, India, and the other parts of Asia-Pacific.
The top players operating in the global military communications market include Raytheon Company, Thales SA, Lockheed Martin Corporation, Tactical Communications Group, LLC., BAE Systems PLC, Northrop Grumman Corporation, Harris Corporation, L-3 Communications Holdings, Inc., Ultra Electronics, and ViaSat, Inc.
Key Benefits from the Report
The report provides a comprehensive analysis of the military communications market, which constitutes the military communications market size, military communications market share, military communications market outlook, market dynamics, Porter's Five Forces Analysis, trends analysis, scope and definitions, market segmentation, and information about the leading market players. The overall military communications market size is analyzed in terms of value.
The historical market size from 2014 to 2016 for each segment and region has also been included in the study. The military communications market forecast is performed from 2017 to 2015 based on the application, component, deployed platform, and regional distribution.
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The military communications market outlook is based upon past performance, prevailing economic factors, consumer demands, and opinions. The military communications market analysis report examines the strategies adopted by market players such as expansions, new product launches, and mergers & acquisitions in the market.
The Porter's analysis helps understand the level of competitiveness prevailing in the market. It comprises the bargaining power of buyers, bargaining power of suppliers, the threat of substitutes, industry rivalry, and the threat of new entrants.
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