Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15.43 Billion | USD 31.41 Billion | 8.22% | 2023 |
Zion Market Research has published a report on the global Tactical Communication Market, estimating its value at USD 15.43 Billion in 2023, with projections indicating that it will reach USD 31.41 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 8.22% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Tactical Communication Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
In order to give the users of this report a comprehensive view of the tactical communication market, we have included a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the tactical communication market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Tactical communication is a military communication system that transmits any kind of information, mainly military intelligence and orders. The information can be transmitted from one person or place to another person or place on the battlefield. It consists of diversified crucial information, such as written, auditory, verbal, or visual. In recent times, with the advancements in technology, military communication takes place electronically.
Increasing defense investments for mergers and acquisitions among major players in different countries like China, India, Germany, and the U.S. is mainly boosting the tactical communication market growth. With rapid advancements in technology, the adoption of advanced tactical communication devices, such as the German Enigma Machine, in the defense has increased. These technological advancements are anticipated to further drive the tactical communication market to a greater extent. The advancements witnessed in the economies across the globe through industrialization are presumed to be another major market contributor.
Moreover, the innovations in technologies along with miniaturization of the devices are anticipated to fuel the tactical communication market growth over the forecast time period. The growing demand for tactical communication devices due to network issues is another major driver of the tactical communication market. However, concerns related to the elevated issues regarding cybersecurity may be a major hurdle in the deployment of tactical communication devices.
The global tactical communication market is fragmented based on type, platform, application, technology, and region.
On the basis of platform, the market is fragmented into ship-borne, underwater, land, and airborne.
The underwater segment is anticipated to lead the tactical communication market in the years ahead, owing to the growing government agencies’ focus on technological advancements of the communication systems related capabilities of both submerged manned and unmanned systems. These efforts enable the underwater tactical communication systems to transmit and receive the broadcast of real-time situations, which will boost the underwater tactical communication segment.
Report Attributes | Report Details |
---|---|
Report Name | Tactical Communication Market |
Market Size in 2023 | USD 15.43 Billion |
Market Forecast in 2032 | USD 31.41 Billion |
Growth Rate | CAGR of 8.22% |
Number of Pages | 110 |
Key Companies Covered | Harris Corporation, L-3 Communications, Raytheon Company, ViaSat, Northrop Grumman, Thales Group, Ultra Electronics, Tactical Communications Group, General Dynamics, and BAE Systems |
Segments Covered | By type, By platform, By application, By technology and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The North American tactical communication market is anticipated to grow rapidly over the projected time period, owing to the growing demand for the procurement of advanced communication systems. These advanced systems are based on internet protocol (IP), satellite communications, and voice over protocol (VoIP). The tactical communication market in North America is also driven by the growing product demand in the U.S along with the development of faster and durable communication systems across the region.
Tactical Communication market is dominated by players like:
Global Tactical Communication Market: Type Analysis
Global Tactical Communication Market: Platform Analysis
Global Tactical Communication Market: Application Analysis
Global Tactical Communication Market: Technology Analysis
Global Tactical Communication Market: Regional Analysis
FrequentlyAsked Questions
The exchange of information and coordination between military, law enforcement, and emergency response teams in operational contexts is referred to as tactical communication. It concentrates on the provision of real-time, secure, and dependable communication to facilitate the execution of missions or tasks, coordination, and decision-making during critical or tactical operations.
The capabilities and performance of tactical communication systems are improved by advancements in communication technologies, including Software-Defined Radio (SDR), 5G, and satellite communication.
Zion Market Research has published a report on the global Tactical Communication Market, estimating its value at USD 15.43 Billion in 2023, with projections indicating that it will reach USD 31.41 Billion by 2032.
Zion Market Research has published a report on the global Tactical Communication Market is expected to expand at a compound annual growth rate (CAGR) of 8.22% over the forecast period 2024-2032.
The market is analyzed based on five regions—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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