Military Communications Market Size Forecast to Reach $37.2 Billion by 2026
Rise in Security Concerns of Various Industries and Fast-growing Technology in Communication Sector Is Expected to Drive the Military Communications Market Growth.
Hyderabad, India – July 24, 2021 /MarketersMedia/ —
The Market for Military Communications is forecast to reach $37.2 billion by 2026, growing at a CAGR of 4.3% from 2021 to 2026. The Military Communications Market is estimated to witness a sustainable growth over the forecast period majorly because of its applications in Governmental Organizations in embedded systems for communications. In day-to-day lives where end users come through many situations in which human life and other services for society are at risk and end-users require next-level communication flexibility, vast coverage, high capacity, high security, high data rate and low latency satellite communications between first responders and the receiver. It is essential to avoid or at least reduce damage during any sort of communication process. Rise in security concerns of various industries and fast-growing technology in communication sector is expected to drive the market growth. On the other hand, factors such as slow adoption of technology such as software defined radio, high installation costs, lack of accessibility, limited data capacity hinders its market growth. Lack of transparency between Military organizations and private narrow band radio network systems providers brings major challenge for the Military Communications Market growth.
Military Communications Market Segment Analysis – By Network Technology
Long-term Evolution (LTE) has dominated the Military Communications Market with 32% share in 2020 as compared to the other Network technologies. LTE network provides more efficient and faster way of communication as compared to other network technologies such as software defined radio. The requirements of public safety communications are rapidly changing in the forecast period which involves the adoption of broadband-based multimedia applications, remote surveillance, and robotic technologies such as unmanned aerial vehicles (UAVs). These demands among public safety agencies are replacing their narrow-band public safety networks with LTE-based networks. This promotes the adaption of LTE network technology.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=500573
Report Price: $ 4500 (Single User License)
Military Communications Market Segment Analysis – By Type
High costs associated with the R&D and deployment of a satellite in the space is anticipated to increase the demand for the HF radio system which is cost-efficient and more reliable compared to satellite communication. This increase in deployment of HF radios especially in military end-user applications is anticipated to drive the military communication market growth. The global HF Radio Market size is estimated to grow at a CAGR of 5.1% during the forecast period 2021-2026.
Military Communications Market Segment Analysis – By Geography
North America accounts for the highest market among other regions by geography at 38.5% in 2020. The market growth in this region is predominantly rising due to economies such as United States, Canada and Mexico. Ongoing developments in technologies to increase communication flexibility, vast coverage, high capacity, high security, high data rate and low latency communications uplifts the market growth in this region. North America is closely followed by Europe in which United Kingdom has the largest market.
Military Communications Market Drivers
Ongoing Developments drives market growth
Military suppliers developed communication technology of MR and Software Defined Radio for their voice communication specialised systems based on private narrow band radio network systems such as TETRA (Terrestrial Trunked Radio) or Project25 (P25). Recently, In December 2020, Telstra and Motorola Solutions has joined together to provide Tasmania’s emergency responders and governmental organisations with a highly advanced, state-wide mission Military Communications network to effectively respond to emergencies. These technology developments involved in safety and security monitoring at vast scale is fulfilled by Military Communications systems. This vast expansion in technology boosts its market growth globally.
Rise in Public safety measures taken by Governmental Organizations
Due to increase in Governmental regulations to bring mission-critical and business-critical end-users and manufacturers together to develop business relationships and leverage high-level networking opportunities in global market has enhanced the Military Critical Communications Market globally. Initiatives such as Critical Communications World 2021, taken by Total Critical Communications Association (TCCA) has been a major step in driving its market growth. Moreover, with the implementation of Industry 4.0, end users from mining and healthcare or to transportation and manufacturing and in Public Protection & Disaster Relief (PPDR) agencies, the adoption of applications that leverage smart infrastructure and wireless connectivity to transform the ways public and employee safety are maintained. These developments and measures has enhanced the market growth of Military Communications Market.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=500573
Military Communications Market Landscape
The Military Communications Market is dominated by major companies such as Ascom, Cobham Wireless, Ericsson, Harris, Huawei, Inmarsat, Leonardo, Mentura Group, Motorola and Nokia.
Key Takeaways
The Military Communications Market is estimated to witness a sustainable growth over the forecast period because human life and other services for society are at risk and where fast and reliable communications between first responders and the receivers is essential.
Ongoing demands of next-level communication flexibility, vast coverage, high capacity, high security, high data rate and low latency communications between military personnel and the receiver tends to promote technological advancements which uplifts market growth.
Rising security concerns in various military organizations where the communication with the responder is most important tends to drive its market growth in many Governmental Organizations.
The capabilities of LTE networks are not only bound within the Military Communications of systems on respective solutions, but to enrich them by allowing users to exchange multimedia content in addition to voice and enjoy access to mobile broadband. These features promote the adoption of LTE technology and thus enhances the market growth.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 970-236-3677
Website: https://www.industryarc.com
Source: MarketersMedia
Release ID: 89038285
Copyright © 1999-2013 SproutNews.com
