The Military Communication Global Market Report 2023, provides comprehensive information on the military communication market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/military-communication-global-market-report
The global military communication market size is expected to grow from $33.69 billion in 2022 to $36.03 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military communication market size is expected to reach $45.21 billion in 2027 at a CAGR of 5.8%.
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Technology advancements are a key trend gaining popularity in the military communication market. Major companies operating in the military communication market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Israel Aerospace Industries, an Israel-based aerospace and defense company, launched new airborne software-defined radio (SDR). The modulation and demodulation of radio signals are performed by software in a software-defined radio (SDR) communication system. The radio is interoperable with a wide range of current military and commercial radios and operates on very high frequency (VHF), ultra-high frequency (UHF), and L-band frequency ranges.
The military communication market is segmented:
1) By Component: Military Satcom Systems, Military Radio Systems, Military Security Systems, Communication Management Systems
2) By Communication Type: Airborne Communications, Air-Ground Communications, Underwater Communications, Ground Based Communications, Shipborne Communications
3) By Application: Command And Control, Routine Operations, Situational Awareness, Other Applications
4) By End User: Land Forces, Naval Forces, Air Forces
North America was the largest region in the military communication market in 2022.
The table of contents in TBRC’s military communication market report includes:
1. Executive Summary
2. Military Communication Market Characteristics
3. Military Communication Market Trends And Strategies
4. Military Communication Market – Macro Economic Scenario
5. Military Communication Market Size And Growth
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26. Africa Military Communication Market
27. Military Communication Market Competitive Landscape And Company Profile
28. Key Mergers And Acquisitions In The Military Communication Market
29. Military Communication Market Future Outlook and Potential Analysis
30. Appendix
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