Market Overview
The Military Radio System market industry is projected to grow from USD 8.569 Billion in 2023 to USD 12.18598 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.50% during the forecast period (2023 - 2032).
The use of the radio systems in a wide range of applications such as inter-vehicle communications, dismounted operations, perimeter security, and maritime communications, is also contributing to the military radio system market growth.
The major driver for the growth of the military radio system market analysis is the need for effective, secure, and confidential communication of information, especially during the surgical strikes. The rapid advancements in the handheld product segment, and technologies, such as the software defined radios, are also expected to drive the growth of the market, during the forecast period.
Key Players
The key players of global Military radio system market analysis includes BARRETT Communications (Australia), Leonardo S.p.A. (Italy), Harris Corporation (U.S.), Radmor S.A. (Poland), Thales Communications Security S.A.S (France), Codan Limited (Australia), Elbit Systems Ltd. (Israel), FLIR Systems (U.S.), Selex ES (Italy) and Safran S.A. (France).
Market Research Analysis:
Amongst all types of military radio systems, the vehicular radios segment is expected to grow with the highest CAGR during the forecast period. The vehicle mounted wireless devices help in establishing a safe and reliable communication link within local area, city or even battlefield. The ability of the vehicular radio systems to ensure effective communication and data transfer between troops stationed in and around a battlefield is further expected to drive the growth of the segment during the forecast period.
Market Segmentation
This study provides an overview of the global Military radio system market analysis, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC), Middle East Africa and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Military radio system market analysis by its type, end-user and region.
By Type
Manpack Radios
Vehicular Radios
By End-user
Marines
Ground Forces
By Region
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Regional analysis:
Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East Africa, and Latin America, along with key countries in each region
The market in North America dominated the market in 2018. However, the Asia-Pacific military radio system market industry is expected to exhibit the highest growth during the forecast period. Increasing deployment of 3G, 4G, and LTE networks and the high investments in the defense sector by the governments in India, China, Japan, and South Korea, among other developing countries are factors expected to drive the regional market growth.
Table of Content
- Executive Summary
- Market Introduction
- Research Methodology
- Market Insights
- Market Dynamics
- Market Factor Analysis
- Global Military radio system market analysis, By Type
- Global Military radio system market analysis, By End User
- Global Military radio system market analysis, By Region
- Competitive Landscape
- Company Profiles
- Appendix
- Industry Insights
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