What is the global market size of Military Communications Market?

Military Communications Market size was valued at USD 33.1 billion in 2021 and is poised to grow from USD 35.12 billion in 2022 to USD 54.11 billion by 2030, growing at a CAGR of 6.37% in the forecast period (2023-2030).

Who are the key vendors in the Global Military Communications Market?

The military communications vendors have implemented various types of organic as well as inorganic growth strategies, such as new product launches, product upgradations, partnerships and agreements, business expansions, and mergers and acquisitions, to strengthen their offerings in the market. The Major players in the market are Aselsan, Bae Systems, Lockheed Martin Corporation, Thales Group, Collins Aerospace, Raytheon Company, Tcl Communication General Dynamics Corporation, And Harris Corporation. 'Lockheed Martin Corporation', 'Northrop Grumman Corporation', 'Raytheon Technologies Corporation', 'L3Harris Technologies, Inc.', 'General Dynamics Corporation', 'BAE Systems plc', 'Thales Group', 'Leonardo S.p.A.', 'Harris Corporation', 'Airbus Defence and Space', 'Collins Aerospace (a unit of Raytheon Technologies)', 'Rockwell Collins (a unit of Collins Aerospace)', 'Cobham plc', 'Viasat, Inc.', 'Elbit Systems Ltd.', 'Kratos Defense & Security Solutions, Inc.', 'Inmarsat plc', 'Iridium Communications Inc.', 'Safran SA', 'Boeing Defense, Space & Security'.

Military Communications Market Size, Share, Growth Analysis, By Component, By Communication Type, By Application, By End User, By Region - Industry Forecast 2024-2031

Report ID: SQMIG50B2012 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 146 | Figures: 78

Military Communications Market Regional Insights

The military communications market in the Asia Pacific is expanding at an exponential rate, owing primarily to rising security and border threats from surrounding countries. Because of the region's increasing technological advancements, North America is expected to have the largest Military Communications market size during the forecast period. Europe is expected to have the second-largest military communication market share in 2020. During the forecast period, APAC is expected to have the highest growth rate. It is also expected to be the military communications market's fastest-growing region.

Military Communications Market Report Snapshots

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Global Military Communications Market size was valued at USD 35.12 billion in 2022 and is poised to grow from USD 37.36 billion in 2023 to USD 61.22 billion by 2031, growing at a CAGR of 6.4% during the forecast period (2024-2031).

The military communications vendors have implemented various types of organic as well as inorganic growth strategies, such as new product launches, product upgradations, partnerships and agreements, business expansions, and mergers and acquisitions, to strengthen their offerings in the market. The Major players in the market are Aselsan, Bae Systems, Lockheed Martin Corporation, Thales Group, Collins Aerospace, Raytheon Company, Tcl Communication General Dynamics Corporation, And Harris Corporation. 'BAE Systems PLC ', 'Northrop Grumman Corporation ', 'Raytheon Technologies Corporation ', 'General Dynamics Corporation ', 'Thales Group ', 'L3Harris Technologies, Inc. ', 'Lockheed Martin Corporation ', 'Leonardo S.p.A. ', 'Elbit Systems Ltd. ', 'Harris Corporation ', 'Rohde & Schwarz GmbH & Co KG ', 'Cobham Limited ', 'ViaSat, Inc. ', 'Collins Aerospace ', 'Saab AB ', 'Israel Aerospace Industries Ltd. ', 'Airbus SE ', 'Boeing Company ', 'Tactical Communications Group, LLC ', 'Ultra Electronics Holdings plc'

The primary requirement of the defence sector is the privacy and security of military communications. The increasing volume of IP-based data, such as situational awareness video and remote sensor data transmitted over standard interfaces, necessitates advanced data network security. Moreover, as cyber resources on the ground, air, and space are vulnerable to a variety of threats, securing military satellites against cyberattacks has become highly significant.

As the battlefield becomes more network-centric in the 21st century, satellite communication technology has advanced to the next generation, and demand for it has peaked. In the present scenario, a connected soldier should also have network capabilities that allow for real-time information sharing to meet mission requirements and maintain operational capability.

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Military Communications Market Size, Share, Growth Analysis, By Component, By Communication Type, By Application, By End User, By Region - Industry Forecast 2024-2031

Military Communications Market Regional Insights

Military Communications Market Report Snapshots

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What is the global market size of Military Communications Market?

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