The increasing number of security breaches in defense agencies and extensive rise in investment in the defense & foreign intelligence are the major factors influencing the Military Communication Systems Market growth
Vancouver, Nov. 20, 2023 (GLOBE NEWSWIRE) — The Global Military Communication Systems Market is forecasted to be worth USD 54.09 billion by 2032, according to a current analysis by Emergen Research. The key factors influencing the market include increasing usage of geospatial intelligence, rising cybercrimes involving the data breaches from the confidential governing bodies, rising threats & tensions in asymmetric welfare, and growing investment in the defense bodies & foreign intelligence platforms, among others.
Besides, extensive emphasis on the common operating picture (COP) of the military operations, and higher capabilities of information dominance, battlefield awareness, and decision advantages of the command and control systems are the crucial reasons behind the enormous growth of this market. Also higher usage of space-based command and control infrastructure and smart city command center applications are expected to fuel the market growth.
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The global market landscape of Military Communication Systems is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
Scope of Research
|Market size value in 2019||USD 33.06 Billion|
|CAGR (2023 – 2032)||3.8%|
|Revenue forecast in 2032||USD 54.09 Billion|
|Base year for estimation||2022|
|Historical data||2019 – 2021|
|Forecast period||2023 – 2032|
|Quantitative units||Revenue in USD Billion, and CAGR from 2027 to 2032|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Application, Platform, Component, End Users, and Region|
|Regional scope||North America; Europe; Asia Pacific; Central & South America; MEA|
|Country scope||U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey|
|Key companies profiled||The Boeing Company, BAE Systems, Lockheed Martin, Rockwell Collins, Elbit Systems, Northrop Grumman, Thales Group, Leonardo S.p.A., Raytheon Company, and General Dynamics|
|Customization scope||10 hrs of free customization and expert consultation|
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MAJOR COMPANIES and Market Share Analysis
The market for Military Communication Systems Market is mostly on the fragmented side, with a number of conglomerates as well as medium-sized & start-up companies, which account for a major global share of the market. The crucial players involved in the Military Communication Systems Market are desegregated across the value chain. The key companies of the market are well-equipped with large production facilities and are also engaged in various research & development activities. Some of the prominent players in the market include:
- The Boeing Company
- BAE Systems
- Lockheed Martin
- Rockwell Collins
- Elbit Systems
- Northrop Grumman
- Thales Group
- Leonardo S.p.A.
- Raytheon Company
- General Dynamics
In April 2019, The Defense, Space & Security segment of The Boeing Company in El Segundo, California, announced the building of the eleventh U.S. Air Force Wideband Global communication satellite (SATCOM) named WGS-11. This SATCOM created a significant breakthrough in the defense sector for this country.
In May 2020, BAE Systems announced the completion of the accusation of the business of Airborne Tactical Radios of Raytheon Technologies Corporation. This acquisition will help deliver game-changing electronic mission and control solutions for their customers.
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Further key findings from the report suggest
- The Defense Intelligence is growing with the fastest CAGR of 6.3% throughout the projected period owing to its higher incorporation of intelligence protocols, including the nextgen communication, surveillance, reconnaissance, information fusion & data analytics, electronic welfare & spectrum dominance, and cyber control systems, among others.
- The regions in the Asia Pacific lead by China, India, Japan, and South & North Korea are allotting a considerable budget for their defense grooming purposes and commercial applications. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, along with a higher economic development, enhancement in the technological industry deliberately help propel the Military Communication Systems market enforcement.
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For the purpose of this report, Emergen Research has segmented into the global Military Communication Systems Market on the basis of Application, Platform, Component, End Users, and Region:
- Application Outlook
- Military Commands
- Homeland Security & Cyber Protection
- Military Critical Infrastructure
- Routine Operations
- Emergency Services
- Transportation System
- Platform Outlook
- Component Outlook (Revenue: USD Billion; 2019-2032)
- End Users Outlook (Revenue: USD Billion; 2019-2032)
- Air force
- Defense Intelligence
- Commercial Services
- Regional Outlook (Revenue: USD Billion; 2019-2032)
- North America
- Asia Pacific
- South Korea
- North Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
- North America
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