Tactical Communications Market Rises at US$ Valuation
Seoul, South Korea, July 11, 2022 (GLOBE NEWSWIRE) — The global tactical communications market the size is expected to reach US$30.02 billion in 2032, indicating a CAGR of 5% between 2022 and 2032. Tactical Mass Communication emerges as an enhanced form of communication created and implemented to enable effective military communications between two commands, people, or locations on the battlefield, especially in an emergency.
According to Fact.MR, the global tactical communications market is expected to reach a valuation of US$18.43 billion in 2022. The defense sector is expected to have the cake in case of tactical communications market. As defense communication encompasses all areas of armed forces data and information transfer to facilitate well-organized military surveillance, operations, management and order.
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Transferring information to individuals, that too, across geographical borders, requires a powerful means of communication that relies on a complex and immense network of software and physical components. Tensions between countries actually increase the need for military spending.
Europe and North America dominate the tactical communications market. Together, they hold more than 25% of the market share. This could be attributed to the fact that various government organizations have launched many projects to build military technologies and advanced communication systems.
What is the growth of the complementary tactical communication market?
“Rapid deployment of advanced communication systems to improve Defense Communications Security »
The defense industry has two fundamental requirements: the security of top secret information and the preservation of constant communication. Suppose critical data is not properly protected or real-time data is not sent correctly. In such cases, the safety of the residents would be compromised and international problems could ensue.
Defense communication encompasses all areas of armed forces information and data transfer for well-organized operations, military surveillance, order and management.
Moreover, to transfer information to individuals and across geographic boundaries, communication relies on a vast and complex network of physical components and software. The escalation of conflicts between countries around the world increases military spending.
Innovative tactical communications technologies that provide unobtrusive, accurate, and secure real-time data transmission are acquired with these large military investments.
As a result, the market for tactical and protective communication systems is expected to grow at a faster rate over the forecast period as new communication systems with enhanced security and privacy features emerge.
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Key segments covered by the Tactical Communications Industry survey
- Tactical Communications Market by Product:
- Manpack Radios
- portable radios
- Vehicle Intercom Radios
- High Capacity Data Radios
- Multiband Radios
- network radios
- VHF/UHF Radios
- Video processors
- Other types of products
- Tactical Communication Market by Platform:
- Underwater tactical communication systems
- Airborne Tactical Communication Systems
- Land tactical communication systems
- On-board tactical communication systems
- Tactical Communication Market by Technology:
- Time-division multiplexing
- Next Generation Networks
- Tactical Communication Market by Application:
- Built-in strategic resources
- Command and control
- Other Apps
The global tactical communications market is subject to major players entering into long-term contracts as well as collaborations with land, naval and air forces to deliver effective communication technologies.
- Elbit Systems Ltd., in 2020, announced its selection to supply the Canadian Armed Forces with a satellite at the time, better known as SOTM Communications Systems through Rheinmetall Canada Inc. This project is part of the extension of the land command support system.
- Collins Aerospace introduced the new Directional Communications Network (part of the DARPA PHEME project), to cater for small aerial platforms like drones operating in hostile regions. He showed a connection in the CJADC2 battlespace.
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The key players in Tactical communications Market
- Harris Company
- General Dynamics Society
- ultra electronic
- Iridium Communications Inc.
- Raytheon Company
- Northrop Grumman Company
- Thales Group
- L-3 Communications Holdings
- ultra electronic
- BAE Systems API
Main takeaways from Tactical Communications Market research
- North America and Europe hold more than 25% of the market share.
- Asia-Pacific is poised to take over as the highest revenue generator during the forecast period.
- By application, combat dominates the market and the situation is expected to remain the same even during the forecast period.
- The integration of 5G and 6G networks is expected to drive the tactical communications market.
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