Pune, May 04, 2020 (GLOBE NEWSWIRE) -- The global military communications market size is set to gain traction from the increasing adoption of satellite communication (SATCOM) technology. This technology aids in achieving ship-to-shore, ship-to-ship, air-to-ground, and air-to-air communications. It also provides tactical communication that can be easily integrated on aircraft, naval vessels, and vehicles. This information is published by Fortune Business Insights™ in a recent report, titled, “Military Communications Market Size, Share and Industry Analysis by Component (Hardware and Software), By Technology (SATCOM, VHF/UHF/L-Band, HF Communication, and Data Link), By Platform (Airborne, Ground, Naval, and Space), By Application (Command and Control, Intelligence, Surveillance, and Reconnaissance (ISR), Situational Awareness, Routine Operations, and Others), and Regional Forecast, 2019-2026.” The report further mentions that the Military Communications Market size was USD 39.86 billion in 2018 and is projected to reach USD 62.96 billion by 2026, thereby exhibiting a CAGR of 6.18% during the forecast period.
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This Report Answers the Following Questions:
- What are the Military Communications Market trends, growth drivers, and hindrances?
- How many segments does the market have?
- Which region is expected to lead by gaining the maximum revenue?
- Which company would generate the largest share in the coming years?
- What are the opportunities and challenges that the market may come across in the near future?
Drivers & Restraints:
Rising Investment in Military Worldwide to Accelerate Growth
In the defense sector, maintenance of consistent communication and protection of highly confidential information are two of the major requirements. Inaccurate transfer of real time data and leakage of crucial data may result in disputes and pose a risk to the safety of the masses worldwide. Defense communication is often dependent on a vast and complex network of software and hardware components for conveying the messages across the globe.
In addition to that, it consists of all the aspects related to the transmission of information by military forces for well-organized control, command, military surveillance, and functioning. The investment in the military is likely to upsurge in the coming years because of the rising disputes among various countries. However, such communication is mission-critical. Hence, it may hinder the Military Communications Market growth during the forecast period.
Segment:
Software Segment to Grow Rapidly Backed by Increasing Usage of SDR System
In terms of components, the market is bifurcated into software and hardware. The software segment held a 26.5% defense communication market share in 2018 and is expected to grow at a fast pace throughout the forecast period. This growth is attributable to the higher usage of software-defined radio (SDR) systems in military forces. SDR offers improved functions to the end-user. It is also capable of transmitting data, voice, and video across dissimilar systems. Besides, it can integrate cross banding and can perform multi modes of operations by utilizing multiple frequency bands.
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Regional Analysis:
Rising Commercial Aircraft Deliveries to Favor Growth in Asia Pacific
Based on the region, the market is segregated into North America, Asia Pacific, Europe, and the rest of the world. Out of these, North America procured USD 15.35 billion in Military Communications Market revenue in 2018. It occurred because of the existence of numerous prominent communication equipment and system manufacturers in this region. Europe is anticipated to grow considerably fueled by the presence of several naval and airborne communication solution manufacturers, namely, Cobham Plc. and Thales Group.
Asia Pacific, on the other hand, is projected to showcase robust growth in the coming years backed by the rising deliveries of commercial aircraft in the developing nations, such as China and India. Apart from that, these countries are experiencing a surge in military spending to remold their military systems for strengthening the defense sector.
Competitive Landscape-
Key Companies Focus on Mergers & New Contracts to Gain Competitive Edge
The market consists of a large number of companies that persistently striving to achieve more share. They are, therefore, aiming to gain new contracts from the Army and Navy and are adopting the strategy of mergers and acquisitions.
Fortune Business Insights™ lists out all the organizations present in the military communication solution market. They are as follows:
- ASELSAN A.S.
- Cobham PLC
- Collins Aerospace
- General Dynamics Corporation
- Honeywell International Inc.
- Iridium Communications Inc.
- L3Harris Technologies, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Rohde & Schwarz
- Thales Group
- Viasat Inc.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Global Military Communications Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Component
- Hardware
- Transceiver
- Antenna
- Transmitter
- Receiver
- Others
- Software
- Hardware
- Market Analysis, Insights and Forecast – By Technology
- SATCOM
- VHF/UHF/L-Band
- HF Communication
- Data Link
- Market Analysis, Insights and Forecast – By Platform
- Airborne
- Ground
- Marine/ Naval
- Space
- Market Analysis, Insights and Forecast – By Application
- Command and Control
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Situational Awareness
- Routine Operations
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Rest of the world
TOC Continued…!
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Below are a couple of the latest key industry developments:
- June 2019: Harris Corporation and L3 Technologies declared that they are merging to form a new company called L3Harris Technologies. The new company would is set to become the tenth largest defense company worldwide. It is set to house around 48,000 employees.
- February 2016: Harris Corporation, Rockwell Collins, and General Dynamics were awarded a new contract from the Army to develop Manpack radios. These will be carried in rucksacks or mounted on vehicles.
Have a Look at Related Research Insights:
SATCOM Market Size, Share & Industry Analysis, By Component (Receiver, Transmitter/Transponder, Transceiver, Antenna, Modem/Router), By Technology (Very Small Aperture Terminal (VSAT), SATCOM-On-The-Move (SOTM), SATCOM-On-The-Pause (SOTP), SATCOM Telemetry), By Platform (Commercial and Government & Defense), By End-Use (Portable equipment, Land equipment, Maritime equipment), and Regional Forecast, 2019-2026
Military Drone Market Size, Share & Industry Analysis, By Type (Fixed-Wing, Rotary-Wing, and Hybrid/Transitional), By Range (VLOS, EVLOS, and BLOS), By Propulsion Type (Battery Powered, Fuel Cell, and Hybrid Cell), By Technology (Remotely Operated Drone, Semi-Autonomous Drone, and Autonomous drone), By Application (ISRT, Delivery and Transportation, Combat Operations, Battle Damage Management and Others) and Regional Forecast, 2019-2026
Connected Aircraft Market Size, Share & Industry Analysis, By Type (Systems and Solutions), Connectivity (Inflight, Air to Air, and Air to Ground Connectivity), Application (Commercial and Military), Frequency Band (Ka-Band, Ku-Band, and L-Band) and Regional Forecasts, 2019-2026
Avionics Market Size, Share & Industry Analysis, By System (Hardware Systems (Flight Management System (FMS), Communication, Navigation, and Surveillance (CNS), Electrical System, Emergency System, Health Monitoring System, Collision Avoidance System, Weather System) and Software Systems), Platform (Commercial, Military, Business Jets, General Aviation), End-Use (OEM and Aftermarket), and Regional Forecast, 2019-2026
Military Antenna Market Size, Share & Industry Analysis, By Frequency (High Frequency, Ultra-High Frequency, Super High Frequency, and Extremely High Frequency), By Type (Dipole Antennas, Aperture Antennas, Travelling Wave Antennas, Loop Antennas, and Array Antennas), By Platform (Airborne, Marine, and Ground), By Application (Communication, Surveillance, SATCOM, Electronic Warfare, and Telemetry), and Regional Forecast, 2019-2026
5G in Aviation Market Size, Share & Industry Analysis, By Platform (5G Airport and 5G Aircraft), Technology (FWA, URLLC/MMTC, and eMBB), Communication Infrastructure (Small Cell, Radio Access Network (RAN) and Distributed Antenna Systems (DAS)), 5G Services (Airport Operations, and Aircraft Operations), and Regional Forecast 2019-2026
Military Radar Market Size, Share & Industry Analysis, By Platform (Land Radar, Naval Radar, and Airborne Radar), By Range (Long, Medium, Short, and Very Short), By Application (Airspace Monitoring & Traffic Management, Weapon Guidance, Ground Surveillance & Intruder Detection), By Frequency Band (UHF/VHF, L-Band, S-Band), By Components (Antenna, Transmitter, Receiver), and Regional Forecast 2019-2026
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