Global Defense Tactical Radio Market: Industry Perspective, COVID-19 Impact Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2030

The Global Defense Tactical Radio Market held 11271.1 million in 2020 and is expected to grow with a CAGR of 10.8% during forecast period. Tactical communication consists of the exchange of military information between ground troops, platforms, and command centres under combat situations to obtain situational awareness and command & control (C2). Additionally, it is very important of military operations which relies on military intelligence, and effective communication and comprehension of mission-critical information determining its success with having features superior sound quality, emergency tracking, and geo-fencing. Moreover, the defence tactical radio is small in size light weighted coupling with advancements in technology; majorly used to convey command over the battlefield from person to person. The launch of radio programs by defence ministries will be one of the key factors that will have a positive impact on the growth of the market. A defence agency encourages them to take significant measures along with highly advancement of radio communication capabilities. The U.S. Department of Defence (DoD) came up with one such programs named as the joint tactical radio system (JTRS) which was used to form a single standard software-defined radio (SDR) system for the US Army. It also includes the development of software communications architecture, software-based waveforms, and joint tactical radio (JTR) set. The U.S. army launched another program named as mid-tier networking vehicular radio (MNVR) program which equips both mobile and stationary forces with wireless connectivity.
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Market Dynamics and Factors
Increase in the demand for lightweight and small military handheld radio is identified as one of the major drivers for the growth of the global defence tactical radio market. In addition, an increase in the significance of effective communication along with application in various sectors, such as government and public safety and rise in demand for wireless communication that helps in providing secured and noise free information to the end user is also propelling the growth of the market. However, the shortage of limited channel capability and spectrum are responsible to restrain the market growth. Furthermore, growing demand for tactical radio in the emerging market coupled with the positive approach of government by investing in telecommunication sector creates opportunities for the market growth. The susceptibility to hacking by enemies is considered to be the challenge for market.
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Market Segmentation:
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Geographic Analysis :
North America is responsible for the highest revenue share with approximate 39.71% to the defence tactical radio market in 2019, due to rise in adoption of electronic-based systems and high military expenditure across the defence sectors. In the U.S. market, army segment includes an initiative for direct army radio communication with allied forces was the highest contributor and estimated to reach USD 1,813.4 million by upcoming period. The growing number of conflicts in Asia Pacific is driving the need for the deployment of SOF will continue to increase due to the enhanced features of military radio communication equipment. In Latin America, increasing need for communication among troops and the base centre is expected to dominate the market during the forecast period. The Middle East & Africa are projected to witness substantial growth over the forecast period.
Competitive Scenario :
The key players of global defence tactical radio markets BAE Systems, Inc., Codan Limited, Barrett Communications Pty. Ltd, Cobham plc., General Dynamics Corporation, Harris Corporation, Leonardo S.p.A, Raytheon Company, Rockwell Collins, Inc., and Thales S.A.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Defense Tactical Radio industry, although key threats, opportunities and disruptive technologies that could shape the Global Defense Tactical Radio Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Defense Tactical Radio Market most.
The data analysis present in the Global Defense Tactical Radio Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Defense Tactical Radio Market business.
The 2021 Annual Global Defense Tactical Radio Market offers:
100+ charts exploring and analysing the Global Defense Tactical Radio Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Defense Tactical Radio Market type
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