The global expenditure over military communication has crossed a trillion mark, as huge investment is made by federal government to adopt innovative communication solutions in different government departments. Interoperability and bertter security of military services are the factors driving the market growth. Military communication market includes advanced components and technologies. Software defined radios are growing at a rapid pace and are used in various kinds of radios such as tetra radio, joint tactical radio and mobile radio systems. Cost involved in adoption of advanced technologies pose a big challenge to the growth of this market. Multiple communication platforms such as LTE, 3G, 2G and 4G requires considerable hardware and increases complexity and ultimately increases the cost.
The military communication market is segmented on the basis of different components into Mobile Satellite Service (MSS), military Satellite Communication (SATCOM), Fleet Satellite Communication System (FLTSATCOM), Military Strategic and Tactical Relay (MILSTAR), military radio systems, Very Small Aperture Terminal (VSAT) , military sonar and radar systems military security systems (interception system, encryption system and electronic countermeasure system); by types of communiation: air-ground communication, airborne communiation, underwater communication, shipborne communication and ground based communication. Furthermore the market is segmented by types of applications into situational awareness, routine operations, control and command and other applications. Geogaphically the market is segemtned into North America, Europe, Asia-Pacific and Rest of the World.
Since early times, military communication has uplifted many folds with adoption of new frequencies, cost effective methods and software embedded products. Confidentiality and security of data is of prime importance in military communications this increases the adoption of new and innovative solutions.
Companies are expected to invest in the military communications market at an encouraging rate in the coming years despite economic limitations, potential technological challenges and budget cuts. Developments in various technologies and products such as AEHF band satellite systems, software defined radio with fast and secure communication are expected to show strong growth in coming future. Some of the major players in this market include General Dynamics, Alcatel Lucent, Lockheed Martin, Harris Corporation, Raytheon, Northrop Grumman, Thales Group and Rockwell Collins.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments