Categories: Market Research

Tactical Radios Market Forecast 2024-2033

Overview and Scope
Tactical radios refer to communication devices developed for military or emergency response, allowing soldiers, units, or command centers to communicate securely and reliably in the field. These radios help in providing effective command, control, and communication on the battlefield, overcoming the historic difficulties of interoperability and communication breakdowns during essential military operations.

Sizing and Forecast
The tactical radios market size has grown rapidly in recent years. It will grow from $10.16 billion in 2023 to $11.80 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to growing demand for mobile command systems, demand for connected military systems, increase in defense expenditure, increasing as it provides an extreme level of security to protect data, rise in demand for wireless communication.

The tactical radios market size is expected to see rapid growth in the next few years. It will grow to $21.62 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to increasingly utilizing sensors and smart devices, high demand for lightweight handheld radios in defense and military sector, demand for tactical ground radios, increase in view of the growing threat of terrorism and border conflicts, increasing their land-based mission capabilities. Major trends in the forecast period include technological advancements, integration of LTE technology, advancements in military communication systems, developments in wireless communication technology, developments in the manufacturing of the equipment.

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Segmentation & Regional Insights
The tactical radios market covered in this report is segmented –

1) By Type: Vehicle Mounted, Handheld Or Portable
2) By Platform Type: Ground-Based Platform, Naval-Based Platform, Airborne Platform
3) By Application: Army, Navy, Airforce, Land, Special Operation Force (SOP)

North America was the largest region in the tactical radios market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tactical radios market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rise in demand for wireless communication is expected to propel the growth of the tactical radio market going forward. Wireless communication is the transmission of information between devices without the use of physical wires or cables. The rising demand for wireless communication is due to advancements in technology, increasing demand for mobility, rapid digital transformation, a growing ecosystem of IoT devices, the need for high-speed connectivity, and the cost-effectiveness and scalability of wireless networks. Wireless communication enhances the capabilities of tactical radios by providing improved mobility, flexibility, interoperability, security, extended range, and improved situational awareness. For instance, in April 2022, according to the Department of Telecommunications under the Ministry of Information and Communications, a Vietnam-based regulatory agency, Vietnam recorded 91.3 million smartphone subscribers in 2021, which is increased by over 2 million at the end of March 2022, resulting in a total of 93.5 million subscribers. Therefore, the rise in demand for wireless communication is driving the growth of the tactical radio market.

Key Industry Players

Major companies operating in the tactical radios market are RTX Corporation, General Dynamics Corporation, Northrop Grumman Corporation, 3M Company, BAE Systems plc, Thales Group, L3Harris Technologies Inc., Motorola Solutions Inc., Elbit Systems Ltd., Bose Corporation, Leonardo DRS Inc., Curtiss-Wright Corporation, ViaSat Inc., Rohde & Schwarz GmbH KG & Co, Cobham Limited, ASELSAN A.S., Iridium Communications Inc., Sepura Limited, Codan Limited, Savox Communications Ltd., Thuraya Telecommunications Company, Silynx Communications Inc., Radmor S.A, Rolta India Limited, Television Equipment Associates Inc.

The tactical radios market report table of contents includes:

1. Executive Summary

2. Tactical Radios Market Characteristics

3. Tactical Radios Market Trends And Strategies

4. Tactical Radios Market – Macro Economic Scenario

5. Global Tactical Radios Market Size and Growth
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32. Global Tactical Radios Market Competitive Benchmarking

33. Global Tactical Radios Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Tactical Radios Market

35. Tactical Radios Market Future Outlook and Potential Analysis

36. Appendix

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