New York, NY -- (SBWire) -- 03/30/2019 --The major contributing factor for the growth of the market for military communications can be the necessity of advanced communication equipment. For more secured communications, it is necessary to modernize the equipment and replace the aging ones. It is also important to reduce the size, weight and the power of the components.
The Military Communications market is expected to grow from USD 30 billion in 2018 to USD 38 billion by 2026, at a CAGR of 3.4% during the forecast period. Increasing demand for military communications security, the necessity of advanced communication equipment and the fact that rise in the disputes between countries, leads to rise in demand of military communication solutions and the necessity of advanced communication equipment are some of the driving factors of the market. Governments of all countries are majorly focusing on adopting advanced technologies for enhanced communication efficiency for improved security.
This report focuses on the global top players, covered are General Dynamics (US), BAE Systems (UK), Cobham (UK), Aselsan (Turkey), Elbit Systems (Israel), Harris (US), Inmarsat (UK), Iridium Communications (US), Kongsberg (Norway), Kratos Defense & Security Solutions (US), L3 Technologies (US), Israel Aerospace Industries (Israel), Leonardo (Italy), Systematic (Denmark), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), Rockwell Collins (US), Rolta India (India), Rheinmetall (Germany), Saab (Sweden), Thales (France), Viasat (US), Rohde & Schwarz (Germany) and EID (Portugal), among others.
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The issues faced by different militaries or agencies in interoperability and cooperation with each other may restrain the market growth of military communication. This is due to the fact that using similar communication equipment globally is not feasible.
The Military Communications market study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Military Communications market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the Military Communications study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.
Military Communications Market split by Communication type, can be divided into:
- Military Satcom Systems
- Military Radio Systems
- Military Security Systems
- Communication Management Systems
Military Communications Market split by Component, can be divided into:
- Military Satcom Systems
- Military Radio Systems
- Military Security systems
- Communication systems
Military Communications Market split by End user application, can be divided into:
- Command & control
- Routine operations
- Situational Awareness
- Others
Military Communications Market split by End user, can be divided into:
- Land forces
- Naval forces
- Air forces
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Knowing the trends influencing the Military Communications industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
Our trend analysts look for the crucial connection between consumer trends, behaviour and values, to provide context for the sectors, demographics and global themes that matter to you.
Further key findings from the report suggest:
- The Military Communications Market is segmented by communication type into Military Satcom Systems, Military Radio Systems, Military Security Systems and Communication Management Systems. The Military Satcom system is expected to witness highest growth, at a CAGR of 3.6% during the forecast period, since satellite communications provide services such as global broadcast service, personal communications service, and bandwidth on demand to meet the future military operations requirements
- The Military Communications Market is segmented by component into Military Satcom Systems, Military Radio Systems, Military Security systems and Communication systems. Military radio system to grow with the highest CAGR of 3.9% during the forecast period, due to the fact of increased adaption of software-defined radios for military radio equipment.
- The Military Communications Market is segmented by End user application into Command & control, Routine operations, Situational Awareness and others, out of which, situational awareness is expected to grow at the highest CAGR of 4.1% during the forecast period since it is supposed to provide real-time data to the military forces.
- The Military Communications Market is segmented by end-user into Land forces, naval forces and Air forces. Land forces are expected to witness the highest growth, at a CAGR of 3.9% during the forecast period, since military forces use the land communication systems mostly to transmit information regarding the battlefield, to execute their operations.
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Key elements from table of content:
Chapter 10. Company Profiles
10.1. Aselson
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.2.1. Revenue
10.1.2.2. Price
10.1.3. Gross Margin
10.1.4. Type Benchmarking
10.1.5. Strategic Initiatives
10.2. Harris
10.3. Kongsberg
10.4. Leonardo
Continued….
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Military Communications Market in-Depth Analysis by Top Players 2018-2026: General Dynamics, BAE Systems, Cobham, Aselsan, Raytheon, Rockwell Collins
A closer look at the overall Military Communications business scenario presented through self-explanatory charts, tables, and graphics images add greater value to the study.