Global Tactical Communication Market Size 2024, Forecast To 2033
11 Mar, 2024
The tactical communication market has seen robust growth, surging from $19.56 billion in 2023 to $21.35 billion in 2024, showcasing a substantial compound annual growth rate (CAGR) of 9.2%. The growth in the historical period is attributed to robust economic growth in emerging markets, increased investments, and a rise in spending on military equipment. Looking ahead to 2028, the market is expected to experience strong growth, reaching $29.07 billion at a CAGR of 8.0%. The projected growth is driven by increasing government support, rapid urbanization, and rising defense expenditure. Key trends in the forecast period encompass a focus on data-sharing paradigms to strengthen market position, the launch of new products for increased productivity and competitive advantage, the development of technologically advanced products, a focus on high-speed communication to improve market position, the use of artificial intelligence (AI) to enhance product offerings, the introduction of new tactical radio extenders over satellite solutions to extend the range of tactical radios, and a focus on partnerships and collaborations to expand product portfolios and geographic presence.
Global Tactical Communication Market Key Driver
The tactical communication market is set to grow with the rise in government expenditure for military applications. Military applications encompass activities related to tactical vehicles, vessels, aircraft, equipment, and weaponry, with tactical communication playing a crucial role in transferring information during military operations. As reported by the Stockholm International Peace Research Institute (SIPRI), global military expenditure increased by 0.7% in real terms in 2021, surpassing $2.1 trillion. In 2021, Russia's military spending increased by 2.9% to $65.9 billion. This upward trajectory in government spending for military applications becomes a driving force for the tactical communication market, with market size values for 2023, 2024, and 2028 integral in understanding this growth outlook.
Get A Free Sample Of The Global Tactical Communication Market ReportGlobal Tactical Communication Market Segments
The tactical communication market covered in this report is segmented –
1) By Prodcut: Networking Radios, Multiband RadioSATCOM (Satellite Communication), Video Processors, Other Products
2) By Platform: Underwater Tactical Communication Systems, Airborne Tactical Communication Systems, Land Tactical Communication Systems, Shipborne Tactical Communication Systems
3) By Technology: Time Division Multiplexing, Next Generation Networks
4) BY Application: Integrated Strategic Resources, Communication , Combat, Command And Control, Other Applications
By Geography:The regions covered in the tactical communication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the tactical communication market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tactical communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Tactical Communication Industry Players
L3Harris Technologies Inc, General Dynamics Corporation, Raytheon Technologies Corporation, Thales Group, BAE Systems PLC,Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Aselsan AS, Elbit Systems Ltd, Bharat Electronics Limited, Tata Power Strategic Engineering Division, Larsen & Toubro, Rolta India Limited, Alpha Design Technologies Pvt. Ltd,Electronics Corporation of India Limited, Data Patterns Pvt. Ltd, Huawei Technologies Co., Ltd, China Aerospace Science and Industry Corporation, China Telecom Corporation Limited, ZTE Corporation, Datang Telecom Group, Electro Optic Systems, C4i Systems Pty Ltd, Codan Communications, Airbus Defense and Space, Saab AB, Rohde & Schwarz, Selex ES, Sagemcom, EIDOS, Simoco Wireless Solutions, ODU, Dat-Con, Radmor S.A., WB Electronics S.A., Racoms, Telegrafia, Ampex Data Systems, General Dynamics Mission Systems Canada, Rheinmetall Canada Inc, SigmaPoint Technologies Inc, Iridium Communications, ViaSat Inc, Cubic Corporation, C3 Shared Services, Intelsat, IACIT Soluções Tecnológicas S.A, Visiona Tecnologia Espacial S.A, Omnisys Engenharia Ltda, EID, Thuraya Telecommunications, Advanced Electronics Company, Kuwait Aviation Services Company, SRT Wireless, IHS Towers, Bytes Systems Integration
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Tactical Communication Market Overview
Tactical communications refer to military communications that take place on a battlefield, particularly during combat, and involve the transmission of information of any kind, primarily commands and military intelligence. It is used for the protection of extremely sensitive information and the preservation of regular communication.
Tactical Communication Global Market Report 2023 provides data on the global tactical communication market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The tactical communication market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.