How Has the Defense Tactical Radio Market Size Evolved in Recent Years?
The defense tactical radio market has seen considerable growth due to a variety of factors.
• The market size for the defense tactical radio has seen a swift increase over the past few years. Predictions show that it is set to develop from $16.04 billion in 2024 to $17.97 billion in 2025, with a compound annual growth rate (CAGR) of 12.0%.
The surge throughout the previous period can be linked to factors such as the growing awareness of dental health and aesthetics, the increasing instances of dental disorders and cavities, the rise in the aging population and their dental care needs, the surge in cosmetic dentistry, the rising demand for aesthetic solutions, and regulatory support for the development of dental materials.
What are the Market Size and Expected Growth Rates for the Defense Tactical Radio Market?
The defense tactical radio market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the defense tactical radio market is projected to experience substantial expansion in the forthcoming years. The projected worth of this market is to reach $26.64 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.4%.
Factors contributing to this growth during the estimated period include a global emphasis on preventative oral care, a rise in the demand for minimally invasive oral procedures, regulatory push towards safe and effective oral care products, and shifting trends in dental care impacting the use of adhesives and sealants. The forecast period is also expected to see industry trends such as dental technology advancements, an increased focus on cosmetic dentistry, innovative medical tool development, as well as partnerships and collaborations.
Which Key Drivers Are Propelling The Defense Tactical Radio Market's Growth?
The anticipated growth of the defense tactical radio market is largely due to the escalating occurrences of cross-border terrorism. Cross-border terrorism involves terrorist acts executed by individuals, groups or organizations from one nation against another, often with backing and sponsorship from a third country. Defense tactical radios play a crucial role in the military and defense forces by providing secure and effective communication to tackle and reduce the impacts of cross-border terrorism. For example, the Global Terrorism Index, a report published by the Australia-based non-profit organization, the Institute for Economics and Peace, recorded a rise from an average of 1.3 deaths per terrorist attack in 2021 to 1.7 deaths in 2022 in March 2023. Consequently, the growing instances of cross-border terrorism are propelling the growth of the defense tactical radio equipment market. Increased governmental defense spending is another catalyst for the growth of the defense tactical radio market. Funding for defense systems by the government is directed towards the creation, procurement, and upkeep of military equipment, technology, and personnel to bolster national security. This spending also aids in the development and acquisition of advanced technologies for defense tactical radios, which ensure secure and dependable communication for military operations. As per the Stockholm International Peace Research Institute (SIPRI), an independent global security resource based in Sweden, there was a 6.8% real-terms increase in total global military expenditure to $2,443 billion in 2023, compared to 2022 as of April 2024. Thus, the increase in government spending on defense systems is driving the growth of the defense tactical radio market.
What Are The Key Segments Within The Global Defense Tactical Radio Market?
The defense tactical radio market covered in this report is segmented –
1) By Type: Handheld, Vehicle-Mounted
2) By Technology: Analog, Digital, Hybrid
3) By Application: Collaborative Chat, Intelligence Gathering, Frequency Hopping, Emergency Communication, Position Tracking, Security
4) By End-User: Military, Homeland Security, Law Enforcement, Emergency Services
Subsegments:
1) By Handheld: Soldier Radios, Manpack Radios
2) By Vehicle-Mounted: Armored Vehicle Radios, Tank Radios, Airborne Vehicle Radios
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What Emerging Trends Are Influencing The Growth Of The Defense Tactical Radio Market?
Leading firms in the defense tactical radio market are prioritizing the development of innovative defense tactical radios, like the tactical radio extender over satellite solution (T-TAC), to secure a competitive advantage in the industry. Tactical radio extenders over satellite (T-TAC) hold a crucial position in defense tactical radios, serving as a tactical satellite communication solution. As an illustration, in May 2023, Thuraya, a mobile-satellite service provider based in the UAE, partnered with UK's Cobham Limited, a producer of aerospace products, and introduced a tactical radio extender over satellite solution (T-TAC). A tactical radio extender is a cutting-edge new tactical radio solution that aims to resolve existing push-to-talk restrictions in isolated or remote locations. It offers interoperable communication abilities between various systems, facilitating military and emergency operations globally. The system was specifically created for operators on land, sea, and air to engage in smooth communication.
Who Are the Key Players In The Defense Tactical Radio Market?
Major companies operating in the defense tactical radio market report are:
• RTX Corporation
• General Dynamic Corporation
• Northrop Grumman Corporation
• BAE Systems PLC
• Thales Group
• L3Harris Technologies Inc.
• Leonardo S.P.A.
• Motorola Solutions Inc.
• Rheinmetall AG
• Elbit Systems Ltd.
• Saab AB
• Kongsberg Gruppen
• ITT Inc.
• Rohde & Schwarz GmbH & Co KG
• Cobham Limited
• Iridium Communications Inc.
• Codan Limited
• Tadiran Telecom L.P.
• Tait Communications Limited
• Sepura Limited
• ICOM Inc.
• Hytera Communications Corporation Limited
• Datron World Communications Inc.
• Radmor S.A.
• Thuraya Telecommunications Company
• BK Technologies Inc.
• Rolta India Limited
• Kenwood Corporation
What Are The Regional Insights Into The Defense Tactical Radio Market?
North America was the largest region in the defense tactical radio market in 2024. The regions covered in the defense tactical radio market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
