Military Communications Market

Military Communications Market Size, Share, Growth Analysis, By Communication Type(Airborne, Air-Ground, Underwater, Ground-Based), By Component(Military SATCOM Systems, Military Radio Systems, Military Security Systems), By Application(Command & Control, Routine operations, Situational awareness), By End-User(Land Forces, Naval Forces, Air Forces), By Technology(SATCOM, VHF/UHF/L-Band, HF Communication, and Data Link), By Region - Industry Forecast 2024-2031


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

Military Communications Market Insights

Military Communications Market size was valued at USD 33.1 billion in 2019 and is poised to grow from USD 35.12 billion in 2023 to USD 54.11 billion by 2031, growing at a CAGR of 6.37% in the forecast period (2024-2031).

Military communication can be described as the transmission of information from reconnaissance and other units in contact with the enemy, as well as a means for commanders to demonstrate command orders and instructions to their subordinates. It incorporates all approaches to transmitting messages, orders, and reports in the field and at sea, and between headquarters and distant infrastructure or ships. It includes all aspects of armed forces' information and data communication for efficient operation, military command, and control. To transmit information across people and regions, it usually depends on a vast and complex communication network of equipment and protocols. Various governments are increasingly focusing on advanced communication innovations to enhance operational efficiency and digital communication capabilities. The use of smart devices and sensors in the defence sector is likely to generate revenue and increase the growth of the military communications market.

Some of the major factors driving the growth of the military communications market also include replacement of overaged technology with more advanced equipment, the introduction of digital communications, and an increase in defence expenditures in developing countries such as China, India, and South Korea. Moreover, increased government investments in the defensive system sector all over the world, as well as an emphasis on providing network-centric and data-centric communications, drive market growth.

US Military Communications Market is poised to grow at a sustainable CAGR for the next forecast year.

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Military Communications Market size was valued at USD 33.1 billion in 2019 and is poised to grow from USD 35.12 billion in 2023 to USD 54.11 billion by 2031, growing at a CAGR of 6.37% in 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. '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'

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. 

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.

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Military Communications Market

Report ID: SQMIG50B2012

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