Defense Tactical Radio Market Forecast 2024-2033: Growth Rate, Drivers, And Trends|RTX Corporation, General Dynamic Corporation, Northrop Grumman Corporation, BAE Systems PLC, Thales Group

The Defense Tactical Radio Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Defense Tactical Radio Global Market Report 2024, The defense tactical radio market size has grown rapidly in recent years. It will grow from $14.31 billion in 2023 to $16.04 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to growing awareness of dental health and aesthetics, increased prevalence of dental disorders and cavities, expanding aging population and dental care needs, rise in cosmetic dentistry and demand for esthetic solutions, regulatory support for dental materials development..

The defense tactical radio market size is expected to see rapid growth in the next few years. It will grow to $24.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to rising global focus on preventive dental care, increasing demand for minimally invasive dental procedures, regulatory initiatives promoting safe and effective dental products, shifting dental care trends influencing adhesive and sealant usage.. Major trends in the forecast period include advancements in dental technology, growing emphasis on aesthetic dentistry, innovative medical tools, partnership and collab.

The rising incidences of cross-border terrorism are expected to propel the growth of the defense tactical radio market going forward. Cross-border terrorism refers to acts of terrorism that are carried out by individuals, groups, or organizations in one country against the citizens, property, or interests of another country, often with the support and sponsorship provided by a third country. Defense tactical radios are used by the military and defense forces to facilitate secure and efficient communication among personnel to counter and mitigate cross-border terrorism acts or attacks. For instance, in March 2023, according to the Global Terrorism Index, a report published by the Institute for Economics and Peace, an Australia-based non-profit organization, there were an average of 1.3 deaths per terrorist attack in 2021, and it has increased to an average of 1.7 people per attack in 2022. Therefore, rising incidences of cross-border terrorism are driving the growth of the defense tactical radio equipment market.

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The defense tactical radio market covered in this report is segmented –

1) By Type: Handheld, Vehicle-Mounted
2) By Technology: Analog, Digital, Hybrid
3) By Application: Collaborative Chat, Intelligence Gathering, Frequency Hopping, Emergency Communication, Position Tracking, Security
4) By End-User: Military, Homeland Security, Law Enforcement, Emergency Services

Major companies operating in the defense tactical radio market are focusing on developing innovations in defense tactical radios, such as the tactical radio extender over satellite solution (T-TAC), to gain a competitive edge in the market. Tactical radio extenders over satellite (T-TAC) play a significant role in defense tactical radios as a tactical satellite communication solution. For instance, in May 2023, Thuraya, a UAE-based mobile-satellite service provider, collaborated with Cobham Limited, a UK-based manufacturer of aerospace products, and launched a tactical radio extender over satellite solution (T-TAC). A tactical radio extender is an advanced new tactical radio solution designed to address existing push-to-talk limitations in remote or isolated locations. It provides interoperable communication capabilities between different systems, allowing for military and emergency operations around the world. This system was designed for operators on land, sea, and air to communicate seamlessly.

The defense tactical radio market report table of contents includes:

1. Executive Summary
2. Defense Tactical Radio Market Characteristics
3. Defense Tactical Radio Market Trends And Strategies
4. Defense Tactical Radio Market – Macro Economic Scenario
5. Global   Defense Tactical Radio Market Size and Growth

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32. Global   Defense Tactical Radio Market Competitive Benchmarking
33. Global   Defense Tactical Radio Market Competitive Dashboard
34. Key Mergers And Acquisitions In   Defense Tactical Radio Market
35. Defense Tactical Radio Market Future Outlook and Potential Analysis
36. Appendix

 

Top Major Players :

• RTX Corporation
• General Dynamic Corporation
• Northrop Grumman Corporation
• BAE Systems PLC
• Thales Group

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