Dublin, Oct. 04, 2022 (GLOBE NEWSWIRE) -- The "Tactical Communication Market by Application (Command & Control, ISR, Communication, Combat), Platform (Ground, Airborne, Naval, Unmanned Systems), Type (Soldier Radios, Manpacks, VIC, HCDR), Frequency, Technology, Point of Sale, Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Tactical Communication Market is estimated to be USD 12.5 billion in 2022 and is projected to reach USD 16.0 billion by 2027, at a CAGR of 4.95% from 2022 to 2027. The market is driven by factors such as transition of radio communication devices from analog to digital, customized communication on the move solutions for unmanned ground vehicles, etc.
The tactical communication market includes major players such Collins Aerospace (US), L3harris Technologies (US), Northrop Grumman Corporation (US), Thales Group (France), and General Dynamics Corporation (US) are some of the leading companies in this market, among others. These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Rest of the World. COVID-19 has affected the tactical communication market growth to some extent, and this varies from country to country.
Ground: The dominating segment of the tactical communication market, by the platform
Based on platform, the tactical communication market has been segmented into ground, airborne, naval, unmanned systems. The ground segment is projected to dominate the market during the forecast period.
Manpacks: The fastest-growing segment of the tactical communication market, by type
The manpacks type segment is projected to grow at the highest CAGR. The growth can be attributed due to the high rate of adoption of technologically advanced tactical communication components due to the ease of usage and maintenance.
Single Frequency: The fastest-growing and leading segment of the tactical communication market, by frequency
The defense segment of the tactical communication market has been classified into a different frequency. The growth of the single frequency segment of the tactical communication market can be attributed to the increased use of various technologically advanced components for receiving the large set of data through signals from several parts of the world across multiple platforms.
North America: The largest contributing region in the aerospace and tactical communication market.
The tactical communication market in the North American region has been studied for the US and Canada. North American countries are awarding a number of contracts to major players of the tactical communication market for the delivery of tactical data links and related systems and components, thus driving the growth of the tactical communication market in the region.
Market Dynamics
Drivers
- Rising Military Spending
- Demand for Mission-Critical Communication
- Transition of Radio Communication Devices from Analog to Digital
- Customized Communication-On-The-Move Solutions for Unmanned Ground Vehicles
Restraints
- Rigorous Military Standards and Stringent Regulations
- Growing Security Concerns
Opportunities
- Demand for Next-Generation IP Radio Systems
- Opportunities in Derived Technologies Such as Cognitive Radios
- Rise in Adoption of Unmanned Vehicles
- Growing Demand for Enhanced Interoperability
Challenges
- Interoperability Between Disparate Communication Technologies
- High Power Consumption
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Tactical Communication Market, by Application
8 Tactical Communication Market, by Platform
9 Tactical Communication Market, by Type
10 Tactical Communication Market, by Technology
11 Tactical Communication Market, by Frequency
12 Tactical Communication Market, by Point of Sale
13 Tactical Communication Market, by Region
14 Competitive Landscape
15 Company Profiles
16 Appendix
Companies Mentioned
- Aselsan A.S.
- BAE Systems
- Barrett Communications
- Bharat Electronics Ltd.
- Cobham Advanced Electronic Solutions Inc.
- Collins Aerospace
- Curtiss-Wright Corporation
- Data Link Solutions
- Elbit Systems Ltd.
- General Dynamics Corporation
- Honeywell International Inc.
- Kongsberg
- L3Harris Technologies, Inc.
- Leonardo S.P.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Rafael Advanced Defense Systems Ltd.
- Rhode & Schwarz
- Rolta India Limited
- Saab Ab
- Thales Group
- Ultra Electronics
- Viasat Inc.
For more information about this report visit https://www.researchandmarkets.com/r/w5jgjs
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