Military Communication Market 2024 - By Size, Share, Growth, Regional Insights, Analysis Report And Forecast To 2033

 

Overview and Scope

Military communication is the delivery of information, such as commands and instructions, across regions over a short period with no data loss. It is used by soldiers to communicate and plan actions in the field.

 

Sizing and Forecast

The military communication market size has grown strongly in recent years. It will grow from $36.03 billion in 2023 to $38.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%.  The  growth in the historic period can be attributed to increased geopolitical tensions, modernization initiatives, threat landscape changes, interoperability requirements, increased military operations and deployments..

 

The military communication market size is expected to see strong growth in the next few years. It will grow to $48.11 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.  The growth in the forecast period can be attributed to cybersecurity concerns, satellite communication advancements, rapid technological innovations, budget allocations .. Major trends in the forecast period include increased use of unmanned systems, utilization of cognitive radio technology, resilient communication infrastructure, secure tactical data links, focus on low probability of intercept (lpi) communication..

 

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Segmentation & Regional Insights

The military communication market covered in this report is segmented –

1) By Component: Military Satcom Systems, Military Radio Systems, Military Security Systems, Communication Management Systems

2) By Communication Type: Airborne Communications, Air-Ground Communications, Underwater Communications, Ground Based Communications, Shipborne Communications

3) By Application: Command And Control, Routine Operations, Situational Awareness, Other Applications

4) By End User: Land Forces, Naval Forces, Air Forces

 

North America was the largest region in the global military communication market size in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the military communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

 

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Major Driver Impacting Market Growth

The growing investment in the military is expected to propel the growth of the military communication market going forward. Military investment is the amount of money a state commits to building and sustaining its armed forces or other necessary defense measures. The military investment pays for new or continuing operations, personnel salaries and training costs, maintenance of buildings and communication systems, and creating and procuring cutting-edge technology in weapons, equipment, and vehicles. Hence, the growing investments in the military will support the growth of the military communication market. For instance, in April 2023, according to The House of Commons, a UK-based government body reports, the UK spent 57.69 billion dollars on the military in 2021, an increase of $4.52 billion over the prior year. Therefore, the growing investment in the military is driving the growth of the military communication market.

 

Key Industry Players

Major companies operating in the military communication market report are BAE Systems PLC, Northrop Grumman Corporation, RTX Corporation, General Dynamics Corporation, Aselsan A.Ş, Thales Group, Harris Corporation, Lockheed Martin Corporation, Elbit Systems Ltd., Israel Aerospace Industries, Leonardo SpA, Inmarsat, Visat Inc., Iridium Communications Inc., Cobham Plc, Airbus SAS, Alcatel-Lucent Enterprise, Collins Aerospace, L3Harris Technologies Inc., ES Microwave LLC, Sinclair Technologies Inc., Antenna Research Associates, Pilot Communications USA, Satellink Inc., Siemens Corporation, ComSystems LLC, Patton Electronics Co., ITT Corporation, CACI International Inc., Kratos Defense & Security Solutions Inc.

 

The military communication  market report table of contents includes:

1. Executive Summary

2. Military Communication Market Characteristics

3. Military Communication Market Trends And Strategies

4. Military Communication Market - Macro Economic Scenario

5. Global Military Communication Market Size and Growth

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31. Global Military Communication Market Competitive Benchmarking

32. Global Military Communication Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Military Communication Market

34. Military Communication Market Future Outlook and Potential Analysis

35. Appendix

 

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