FMI Added Military Communications Market Analysis, Segments, Growth and Value Chain 2015-2025
Future Market Insights has announced the addition of the “Military Communications Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.
The strength of the military is highly dependent on the effective communication system within the troops. Military needs agile and safe communication to effectively convey the messages dynamically. Slow and unsafe military communication products and services can result in catastrophic effects. Across the globe, the advanced technology is changing the military communication market. Many countries such as China, U.S.A. spend billions of dollars to equip their troops with the latest communication products. The military communication products and services go through constant changes as the original equipment manufacturers and service providers are constantly adapting innovative technologies to add new frequencies and to produce cost-effective products.
Military Communication Market: Drivers and Challenges
The global military communication market is expected to grow, due to the constant investment by the governments of various countries in the defence sector to advance the military communication products and services. To cater to the change in demand, original equipment manufacturers (OEMs) are expected to come up with the innovative products and the constant innovation in the military communication products and services, which is expected to fuel the growth of global military communication market. The global military communication market is expected to experience a constant investment in long term evolution (LTE) cell in box during the forecast period.
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The latest network communication platforms such as second-generation (2G), third-generation (3G), fourth-generation 4G and LTE require updated hardware and infrastructure, this requires high investment, which is expected to inhibit the growth of global military communication market.
Military Communication Market: Overview
The global military communication market by value is expected to expand at a CAGR of around 7-9% during the forecast period (2015-2025), due to increasing investment in defence sector by various countries and emergence of advance communication technologies.
Military Communication Market: Segmentation
The global military communication market can be segmented by communication type, by components by applications and by regions
Based on communication type, the global military communication market is segmented as:
- Ground Based Communication
- Airborne Communication
- Underwater Communication
- Ship-borne Communication
- Air-Ground Communication
Based on components Type, the global military communication market is segmented as:
- Military SATCOM
- Mobile Satellite Service
- Fleet Satellite Communication Systems
- Very Small Aperture Terminal
- Military Strategic and Tactical Relay
- Military Radar and Sonar Systems
- Encryption Systems
- Military Security Systems
- Electronic Countermeasure Systems
- Interception Systems
- Military Radio Systems
- Data Links and Terminals
- Mobile Radio Systems
- Tactical Radio Systems
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Based on application Type, the global military communication market is segmented as:
- Routine Applications
- Situation Awareness
- Command and Control
Military Communication Market: Region-wise Outlook
The global military communication market is expected to register a single-digit CAGR for the forecast period. Depending on geographic regions, global military communication market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of revenue, North America and Europe dominated the global military communication market in 2014. In terms of market revenue, Asia-Pacific military communication market is projected to register a significant CAGR during the forecast period. Expected growth in the deployment of 3G, 4G and LTE networks and increase in the government investments in the defence sector are some of the factors which are fuelling the growth of military communication market in Asia-Pacific. India and China are forecast to register a significant growth in the Asia-Pacific military communication market.
Military Communication Market: Key Players
Some of the key market participants in global military communication market are General Dynamics, Harris Corporation, Alcatel Lucent, Lockheed Martin, Raytheon, Northrop Grumman, Thales Group, etc.