Military Communication Market 2024 : Report Highlights, Industry Trends, Regional Overview And Outlook 2033

The Military Communication 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 Military Communication Global Market Report 2024, The military communication market size has grown strongly in recent years. It will grow from $36.03 billion in 2023 to $38.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The  growth in the historic period can be attributed to increased geopolitical tensions, modernization initiatives, threat landscape changes, interoperability requirements, increased military operations and deployments..

The military communication market size is expected to see strong growth in the next few years. It will grow to $48.11 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to cybersecurity concerns, satellite communication advancements, rapid technological innovations, budget allocations .. Major trends in the forecast period include increased use of unmanned systems, utilization of cognitive radio technology, resilient communication infrastructure, secure tactical data links, focus on low probability of intercept (lpi) communication..

The growing investment in the military is expected to propel the growth of the military communication market going forward. Military investment is the amount of money a state commits to building and sustaining its armed forces or other necessary defense measures. The military investment pays for new or continuing operations, personnel salaries and training costs, maintenance of buildings and communication systems, and creating and procuring cutting-edge technology in weapons, equipment, and vehicles. Hence, the growing investments in the military will support the growth of the military communication market. For instance, in April 2023, according to The House of Commons, a UK-based government body reports, the UK spent 57.69 billion dollars on the military in 2021, an increase of $4.52 billion over the prior year. Therefore, the growing investment in the military is driving the growth of the military communication market.

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The military communication market covered in this report 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

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 report table of contents includes:

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

………..

31. Global Military Communication Market Competitive Benchmarking
32. Global Military Communication Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Military Communication Market
34. Military Communication Market Future Outlook and Potential Analysis
35. Appendix

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