Triton Market Research presents the ‘Global Military Communications Market’ report sectioned by Armed Force (Air Force, Navy, Army), by Communication Type (Ground-based Communication, Underwater Communication, Shipborne Communication, Air-Ground Communication, Airborne Communication), by Component (Data Link Systems, Multimode Radio Links, Phones, Radio, Communication Systems, Other Components), and by Regional Outlook (Europe, Middle East and Africa, Latin America, Asia-Pacific, North America).
The report further discusses the Market Summary, Industry Outlook (Impact of COVID-19, Key Insights, Porter’s Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Industry Components, Regulatory Framework, Key Buying Impact Analysis, Key Market Strategies, Drivers, Challenges, Opportunities), Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).
Triton Market Research’s report implies that the global military communications market will advance with a CAGR of 4.12% in the forecast years from 2023 to 2030.
Security breaches to the network and data infrastructure of military communication systems may put citizen safety at risk. Thus, securing them against cyberattacks and other threats is crucial. And to ensure this, the defense sector is rapidly investing in upgrading these systems and strengthening them.
In 2017, the United States Air Force introduced an advanced GPS signal called M-Code, to improve anti-jamming and offer secure access to military GPS signals. For this, it awarded a $45 million-worth contract to Lockheed Martin Corporation. The growing investments to secure data transmission are thus a key factor driving market growth.
Several modernization projects for military communication systems are expected to be launched by the US Army over the next decade. However, various projects haven’t seen the light of day. The Warfighter Information Network-Tactical (WIN-T) is one such example with Increment 2 capabilities. However, Increment 3 was canceled in the FY2016 budget proposal due to financial constraints. Military budget constraints are thus a hurdle in the path of market growth.
The market in the Asia-Pacific is anticipated to grow at the fastest rate globally, over the assessed period. This growth can be primarily attributed to the rising border security threats for various countries in this region.
Leading names operating in the military communications market include Raytheon Technologies Corporation, Rufus Lab, Aselsan, Northrop Grumman Corporation, Fortem Technologies, Citadel Defense, Lockheed Martin Corporation, BAE Systems Plc, Harris Corporation, and Viasat.
Developing military communications systems is a cost-intensive process; hence, aspiring players face entry barriers. Moreover, the stringent regulations, consistency, and credential approval for governing manufacturers are also other factors that act as entry barriers. Top players in this market have spent years developing technologies that cater to evolving demands, and thereby gained a competitive edge. Also, owing to the specific demands of buyers, there is a high degree of brand loyalty witnessed in the military communications market.
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