Global Military Communication Market Size 2024, Forecast To 2033
6 Mar, 2024
The military communication market size has exhibited strong growth in recent years, climbing from $36.03 billion in 2023 to $38.41 billion in 2024, with a compound annual growth rate (CAGR) of 6.6%. This growth is fueled by increased geopolitical tensions, modernization initiatives, changes in the threat landscape, interoperability requirements, and heightened military operations and deployments. Looking ahead, the market is expected to witness robust growth, reaching $48.11 billion by 2028, with a CAGR of 5.8%. The projected growth can be attributed to cybersecurity concerns, advancements in satellite communication, rapid technological innovations, and budget allocations. Major trends anticipated in the forecast period include increased use of unmanned systems, utilization of cognitive radio technology, resilient communication infrastructure, secure tactical data links, and a focus on low probability of intercept (LPI) communication.
Global Military Communication Market Key Driver
The growing investment in the military is expected to propel the growth of the military communication market going forward. Military investment is the amount of money a state commits to building and sustaining its armed forces or other necessary defense measures. The military investment pays for new or continuing operations, personnel salaries and training costs, maintenance of buildings and communication systems, and creating and procuring cutting-edge technology in weapons, equipment, and vehicles. Hence, the growing investments in the military will support the growth of the military communication market. For instance, in April 2023, according to The House of Commons, a UK-based government body reports, the UK spent 57.69 billion dollars on the military in 2021, an increase of $4.52 billion over the prior year. Therefore, the growing investment in the military is driving the growth of the military communication market.
Get A Free Sample Of The Global Military Communication Market ReportGlobal Military Communication Market Segments
The military communication market covered in this report is segmented –
1) By Component: Military Satcom Systems, Military Radio Systems, Military Security Systems, Communication Management Systems
2) By Communication Type: Airborne Communications, Air-Ground Communications, Underwater Communications, Ground Based Communications, Shipborne Communications
3) By Application: Command And Control, Routine Operations, Situational Awareness, Other Applications
4) By End User: Land Forces, Naval Forces, Air Forces
By Geography:The regions covered in the military communication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the global military communication market size in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the military communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Military Communication Industry Players
BAE Systems PLC, Northrop Grumman Corporation, RTX Corporation, General Dynamics Corporation, Aselsan A.S, Thales Group, Harris Corporation, Lockheed Martin Corporation, Elbit Systems Ltd., Israel Aerospace Industries, Leonardo SpA, Inmarsat, Visat Inc., Iridium Communications Inc., Cobham Plc, Airbus SAS, Alcatel-Lucent Enterprise, Collins Aerospace, L3Harris Technologies Inc., ES Microwave LLC, Sinclair Technologies Inc., Antenna Research Associates, Pilot Communications USA, Satellink Inc., Siemens Corporation, ComSystems LLC, Patton Electronics Co., ITT Corporation, CACI International Inc., Kratos Defense & Security Solutions Inc.
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Military Communication Market Overview
Military communication is the delivery of information, such as commands and instructions, across regions over a short period with no data loss. It is used by soldiers to communicate and plan actions in the field.
Military Communication Global Market Report 2023 provides data on the global military communication market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The military communication market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.