Tactical Communication Trends and Forecast
The future of the global tactical communication market looks promising with opportunities in the command & control, intelligence, surveillance & reconnaissance (ISR), situational awareness, and routine operations markets. The global tactical communication market is expected to reach an estimated $19.9 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are growing investment in defense expenditure, increased need for essential communication services ,and shift from analog to digital radio communication devices.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Tactical Communication by Segment
The study includes a forecast for the global tactical communication by platform, technology, component, application, and region.
Tactical Communication Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
• Airborne
• Ground
• Naval
• Space
Tactical Communication Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• SATCOM
• VHF/UHF/L-Band
• HF Communication
• Data Link
Tactical Communication Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
Tactical Communication Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Tactical Communication Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies tactical communication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the tactical communication companies profiled in this report include-
• Northrop Grumman Corporation
• Datron World Communications
• Tactical Communications
• Rohde & Schwarz
• Bae Systems
• General Dynamics Corporation
• Ultra Electronics
• Thales Group
• L3Harris Technologies
• Lockheed Martin Corporation
Tactical Communication Market Insights
Tactical Communication Market Insights
Lucintel forecasts that space is expected to witness highest growth over the forecast period.
Within this market, command and control will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Tactical Communication Market
Market Size Estimates: Tactical communication market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Tactical communication market by various segments, such as by platform, technology, component, application and region in terms of($B).
Regional Analysis: Tactical communication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different platform, technology, component, application, and regions for the tactical communication market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the tactical communication market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the tactical communication market size?
Answer: The global tactical communication market is expected to reach an estimated $19.9 billion by 2030.
Q.2 What is the growth forecast for tactical communication market?
Answer: The global tactical communication market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the tactical communication market?
Answer: The major drivers for this market are growing investment in defense expenditure, increased need for essential communication services, and shift from analog to digital radio communication devices .
Q4. What are the major segments for tactical communication market?
Answer: The future of the tactical communication market looks promising with opportunities in the command & control, intelligence, surveillance & reconnaissance (isr), situational awareness, and routine operations markets.
Q5. Who are the key tactical communication market companies?
Answer: Some of the key tactical communication companies are as follows:
• Northrop Grumman Corporation
• Datron World Communications
• Tactical Communications
• Rohde & Schwarz
• BAE Systems
• General Dynamics Corporation
• Ultra Electronics
• Thales Group
• L3Harris Technologies
• Lockheed Martin Corporation
Q6. Which tactical communication market segment will be the largest in future?
Answer: Lucintel forecasts that ground is expected to witness highest growth over the forecast period.
Q7. In tactical communication market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the tactical communication market by platform (airborne, ground, naval, and space), technology (satcom, VHF/UHF/l-band, HF communication, and data link), component (hardware and software), application (command & control, intelligence, surveillance & reconnaissance (ISR), situational awareness, and routine operations), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Tactical Communication Market, Tactical Communication Market Size, Tactical Communication Market Growth, Tactical Communication Market Analysis, Tactical Communication Market Report, Tactical Communication Market Share, Tactical Communication Market Trends, Tactical Communication Market Forecast, Tactical Communication Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.