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Military Communications Market to Grow Steady at 3.6% CAGR and Projected to Reach US$ 37.67 Billion by 2023
  By PR Newswire

PUNE, India, August 10, 2018 /PRNewswire/ --

ReportsandReports added military communications market research including the key players Aselsan (Turkey), BAE Systems (UK), Cobham (UK), Elbit Systems (Israel), General Dynamics (US), Harris (US), Inmarsat (UK), Iridium Communications (US), Israel Aerospace Industries (Israel), Kongsberg (Norway), L3 Technologies (US), Leonardo (Italy), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), Rheinmetall (Germany), Rockwell Collins (US), Rolta India (India), Saab (Sweden), Systematic (Denmark), Thales (France), Viasat (US), EID (Portugal), Kratos Defense & Security Solutions (US), and Rohde & Schwarz (Germany).

Browse 55 Market Data Tables and 51 Figures spread through 159 Pages and In-depth TOC on "Military Communications Market by Communication Type (Airborne, Air-Ground, Underwater, Ground-Based), Component (Military Satcom Systems, Military Radio Systems, Military Security Systems), Application, End User, and Region - Global Forecast to 2023" at .

The military communications market is projected to grow from USD 31.50 billion in 2018 to USD 37.67 billion by 2023, at a CAGR of 3.6% from 2018 to 2023. Increasing procurement of military communication solutions due to growing disputes among countries across world, growing concerns related to security of military communications, & need to modernize & replace aging communication equipment are the major factors driving global market.

Military Communications Market, By Communication Type 

1 Introduction

2 Airborne Communications

3 Air-Ground Communications

4 Underwater Communications

5 Ground-Based Communications

6 Shipborne Communications

Military Communications Market, By Application 

1 Introduction

2 Commands and Control

3 Routine Operations

4 Situational Awareness

Military communications market has been segmented on the basis of communication type, component, application, end user, and region. Based on component, market has been segmented into military SATCOM systems, military radio systems, military security systems, and communication management systems.

Order the "Military Communications Market by Communication Type (Airborne, Air-Ground, Underwater, Ground-Based), Component (Military Satcom Systems, Military Radio Systems, Military Security Systems), Application, End User, and Region - Global Forecast to 2023" Report Now at .

Land forces segment is projected to lead military communications market from 2018 to 2023. Communication systems and solutions are widely used by armies, as modern battlefield is a complex environment where large amounts of information are required to flow without disruption, protected from breaches by enemies. Armies mostly use ground-based communication systems to transfer essential information.

Key Target Audience 

  • Providers of Military Communications Systems
  • System Integrators
  • Value-added Resellers
  • Vendors of Software Applications
  • Vendors of Hardware Applications
  • Investors and Venture Capitalists
  • Consultants/Advisory Firms

The military communications market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Factors such as technological advancements and rapid economic development in China, India, Russia, and South Korea have helped increase the investments in the Asia Pacific military communication market.

Download the Sample Brochure of Global Military Communications Market Research Now at .

Asia Pacific military communications market is projected to grow at the highest CAGR from 2018 to 2023. Technological advancements in military communications in Asia Pacific also offer opportunities for the market to grow. The fast-growing economies of the Asia Pacific region are improving their defense capabilities. Countries such as India, Japan, and China and increasing terrorist activities in the region contribute to the growth of the market.

In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the military communications market. 

  • By Company Type: Tier 1 -25%, Tier 2 -35%, and Tier 3 -40%
  • By Designation: C-Level -45%, Director Level -30%, and Others -25%
  • By Region: North America -40%, Europe -45%,RoW -15%

Another research titled report studies global military navigation market is projected to grow from USD 8.87 billion in 2018 to USD 12.07 billion by 2023, at a CAGR of 6.36% from 2018 to 2023. Military forces worldwide are focused on the integration of navigation equipment with aircraft, ships, unmanned systems, missiles, and rockets, which is expected to drive the military navigation market. Some of the key players in the military navigation marketincludeL3 Technologies (US), Esterline (US), GE Aviation (US), Honeywell International (US), Moog (US), Northrop Grumman (US), Raytheon (US), Rockwell Collins (US), Trimble (US), KVH Industries (US), Safran (France), Cobham (UK), Garmin (Switzerland), Thales (France), and IAI (Israel) and it is now available with sample brochure at .

Explore More Reports on IT & Telecommunication Market Research at .

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