Trends and Drivers of the Tactical Communication Market during the forecast period
The global tactical communication market involves the development and provision of communication systems and equipment for military, defense, and security applications. These systems enable secure and reliable communication among military personnel and their commanders in the field. The tactical communication market was estimated at US$ 9.3 Billion in 2021 and is expected to grow at a CAGR of 15.1% during 2022-2028 to reach US$ ~21.1 Billion in 2028.
The tactical communication market is driven by increasing defense budgets in several countries, growing demand for advanced communication systems in modern warfare, and the need for real-time communication for effective decision-making in the field. Moreover, the trend towards network-centric warfare and the increasing use of unmanned systems are further fueling the demand for tactical communication systems.
The tactical communication market can be segmented by type, platform, component, technology, end-user, frequency band, encryption type, network type, form factor, range, integration type, and power output. The market includes various types of communication systems such as man-portable, vehicular, airborne, and maritime.
In terms of regions, North America will likely maintain its supremacy in the tactical communication market throughout the forecast period. The world's largest military spender is the United States. According to SIPRI, the nation's military spending increased by 4.4 percent in 2020 to reach USD 778 billion, making up 39% of all military spending worldwide. Over the next two years, the nation intends to expand its financial support for electronics, sensors, and communications by around 20%. During the forecast period, there is anticipated to be a significant increase in demand for Leader and Manpack radios as a result of the nation's Handheld, Manpack, and Small Form Fit (HMS) program, which aims to purchase a family of software reprogrammable radios for tactical voice and data communications.
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Concurrently, Asia Pacific is expected to witness the fastest growth in the tactical communication market during the forecast period. The APAC area has seen an increase in defense spending, with a particular focus on enhancing communications capabilities by acquiring cutting-edge tactical communication equipment. Manufacturers of tactical communication systems now have large market potential.
The following are the major players in the tactical communication market:
- BAE Systems PLC.
- Northrop Grumman Corporation
- General Dynamics Corporation
- L-3 Communications Holdings, Inc.
- Ultra Electronics
- Raytheon Company
- Harris Corporation
- Iridium Communications
- Viasat, Inc.
- Curtiss-Wright (Tactical Communications Group LLC)
- Thales Group
These companies are investing in R&D activities to develop innovative and advanced communication systems that meet the evolving needs of defense forces. In conclusion, the global tactical communication market is expected to grow significantly in the coming years, driven by increasing defense budgets and the need for advanced communication systems in modern warfare. Companies that can develop and provide innovative solutions that meet the evolving needs of the military and defense industry will be well-positioned to capture market share and drive growth in the years ahead.
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- Structure: Overview, industry life cycle and supply chain analysis
- Environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis
- Trend and forecast analysis
- Segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
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