The market for military communications worldwide is predicted to grow at an 11% CAGR from 2022 to 2032, according to a study recently published by FMI. By 2032, the market will be worth US$ 116.96 billion and US$ 43.9 billion, respectively. Globally, the military sector is seeing a change in dynamics due to the demand for robust connectivity and interoperability. As a result, technology-based services and systems are now being used to improve military communications.
The industry expanded significantly between 2017 and 2021, with a 6% value CAGR and reaching a peak of US$ 35.14 billion. The market is expanding due to the prevalence of armed conflicts, the requirement for constant awareness, and the rising demand for connectivity on the battlefield. Additionally, the development of numerous devices and technical breakthroughs are fuelling the expansion of the military communication market.
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The market for military communications is being shaped by the development of 5G networks, artificial intelligence, and machine learning. It is being researched and developed how to provide technologically advanced communications for the land, navy, and air forces. In turn, it is anticipated that this would help the market expand.
Key Takeaways from the Market Study
- By component, systems are expected to possess a 55% market share for the military communication market in 2022.
- By application, situational awareness is expected to hold a 40% market share of the military communication market.
- By end user, land force is expected to hold 45% market share for the military communication market in 2022.
- S. is expected to possess a 45% market share in the military communication market in 2022.
- K. is expected to possess a 40% market share for military communications in 2022.
- India is expected to procure a 35% market share for the military communications market in 2022.
Market Competition
Key players in the military communications market are General Dynamics Corporation, Airbus S.A.S., QinetiQ Group PLC, BAE Systems PLC, Northrop Grumman Corporation, Rockwell Collins Inc., Lockheed Martin Corporation, Raytheon Company, Thales Group, and Harris Corporation
- In May 2022, General Dynamics Corporation was awarded a US$ 49.9 Million contract modification under an existing navy contract for continued procurement, manufacturing, and delivery of Digital Modular Radios.
- Harris Corporation, a key player in the military communication market is focusing on developing technologically advanced systems that are specially designed for military forces. These systems will help military forces to improve connectivity on a larger scale.
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More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global military engineering market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on Components (systems and services), Applications (ISR, Situational Awareness, Command & Control), by End Users (Air Force, Land Force, Naval Force) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
Key Segments Profiled in the Military Communications Market Industry Survey
Military Communications by Component:
Military Communications by Systems
- Satellite Communication Systems
- Radar & Sonar Systems
- Radio Systems
Military Communications by Services
- Consulting
- Testing & Integration
- Support & Maintenance
Military Communications by Applications:
- Military Communications by ISR
- Military Communications by Situational Awareness
- Military Communications by Command & Control
Military Communications by End User:
- Military Communications by Air Force
- Military Communications by Land Force
- Military Communications by Naval Force
Region:
- North America Military Communications Market
- Latin America Military Communications Market
- Western Europe Military Communications Market
- Eastern Europe Military Communications Market
- South East Asia and others of Asia Pacific Military Communications Market
- China Military Communications Market
- Japan Military Communications Market
- Middle East & Africa (MEA) Military Communications Market
Table of Content
1. Executive Summary | Military Communications Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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