New Tools and Technology Development will Drive Military Communications Market in Coming Years: Northrop Grumman, Lockheed Martin, BAE, Thales, Raytheon, Rockwell Collins, General Dynamics and Airbus

New Tools and Technology Development will Drive Military Communications Market in Coming Years: Northrop Grumman, Lockheed Martin, BAE, Thales, Raytheon, Rockwell Collins, General Dynamics and Airbus

“Military Communications Market”
Military Communications Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Product Types (Military Satcom, Radio System, and Smartphones), Application (Command & Control, and Situational Awareness), Platform (Airborne, Ground based, and Naval), and Region – Global Forecast till 2023.

According to a recent study report published by Market Research Future, the global market for military communications market will grow at a rapid pace over the forecast period. The market is expected to witness slow but steady growth until 2023, which will be a growing fast at a moderate CAGR during the forecast period (2017 -2023).

The global military communications market is expected to grow over the CAGR of around 12.5% during the period 2017 to 2023.

We recognize the key players in the global military communications market as Northrop Grumman Corporation (U.S.), Lockheed Martin Corporation (U.S.), BAE Systems (U.K.), Thales (France), Alcatel (France), Raytheon (U.S.), Rockwell Collins (U.S.), General Dynamics (U.S.), Harries corporation (U.S.), and Airbus Group (Netherlands).

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The strength of the military is largely dependent on the effective communication system within the forces. To convey the message among troops is it essential to have dynamic and safe communication systems, since slow and unsafe communication products and services can create disastrous effects. The role of these systems continue to grow in importance, with new mission areas such as the control of unmanned vehicles and time critical targeting heavily dependent on network connectivity. The implementation of such communication systems can be really crucial on battle grounds to take decisions accordingly. The governments in countries such as U.S. and China are making it important by increasing the defense budget and investing in such systems frequently thereby acting as one of the major drivers for the growth of the market. However, the lack of ability to operate military equipment in conjunction with each other can hinder the growth of the global military communications market. 

The report has analyzed the global military communications market based on the three segments, namely product types, platform and regions. On the basis of product types, the global military communications market is segmented as military satcom, radio system and smartphones. Military satcoms accounted for the largest share due to their efficient connectivity. In recent years, the smartphone penetration has increased and is expected to dominate during the forecast period. Rapid deployment of 3G, 4G and LTE networks is expected to positively impact the progress of the segment, thereby propelling the growth of military communication market.

Based on platform, the global military communications market is bifurcated as airborne, ground base and naval. In which, ground base is expected to dominate the market during the forecast period. Naval communications spending can be characterized by demand for multiple radio systems, which further drives the military communications market.

The market is segmented based on region into North America, Asia Pacific, Europe, Middle East & Africa, and South America. North America region is expected to dominate the market in future, due to rapid adoption of advanced communications network and rising investment in the defense sector. Asia Pacific is second to the North America market in military communications market, due to increasing investments by the governments of developing countries.

Scope of Report

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global military communications market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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List of Tables

Table 1 Global Military Communications Market: by Region, 2017-2023
Table 2 North America Military Communications Market: by Country, 2017-2023
Table 3 Europe Military Communications Market: by Country, 2017-2023
Table 4 Asia Pacific Military Communications Market: by Country, 2017-2023
Table 5 Middle East & Africa Military Communications Market: by Country, 2017-2023
Table 6 South America Military Communications Market: by Country, 2017-2023
Table 7 Global Military Communications Market, by Product Types, by Regions, 2017-2023
Table 8 North America Military Communications Market, by Application, by Country, 2017-2023
Table 9 Europe Military Communications Market, by Product Types, by Country, 2017-2023
Table 10 Asia Pacific Military Communications Market by Application, by Country, 2017-2023

Continued…….

List of Figures

Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Military Communications Market Share, by Product Types, 2016 (%)
Figure 9 Global Military Communications Market, by Product Types, 2015-2023 (Usd Million)
Figure 10 Global Military Communications Market Share, by Product Types, 2016 (%)

Continued……..

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