This industry research report details the market size and forecast of military communication systems until 2019 along with an in-depth study of the key segments, including SATCOM, radar, and radio. It offers market share analysis for Americas, EMEA, and APAC. The research also includes an insightful market analysis of the revenue segments and strategies of Airbus group, BAE Systems, Raytheon, and Rockwell Collins.
Technavio’s market research analysts estimate the global military communication market to grow at a CAGR of more than 7% between 2015 and 2019. Increasing investments in intelligence, surveillance, and reconnaissance (ISR) are boosting the growth of the military communications market. The Americas dominate the global market for military communication, occupying 49% of the total market share. Various government organizations in the US are encouraging the use of modern communication systems to enhance safety in military operations.
The new market research report from Technavio provides a breakdown and analysis of the military communication segments by technology.
“Of late, the market is witnessing wide usage of unarmed aerial vehicles (UAVs) by defense authorities. These vehicle are considered the next generation of airborne intelligence, surveillance, reconnaissance (ISR), and communication platforms. Being smaller in size, these unmanned aircrafts are used for modernized, digital communication formats that are more secure and reliable. Moreover, the UAVs provide on-board sensors, such as LASER, SAR, IMU, and GPS, which help in rapidly modernizing the communications equipment,” says Sriram Mohan, Lead Analyst, Aerospace & Defense, Technavio Research.
Introduction of wireless sensors in aircrafts is an interesting trend upcoming in the market. These sensors monitor the aircraft’s condition and wirelessly transmit data to the maintenance system of the airplane. As these are small-sized, their installation costs is very less and is very simple to set.
The leading vendors in the global military communication market include Airbus group, BAE Systems, Raytheon, and Rockwell Collins. The market is highly competitive and the market vendors compete on the basis of cost, product quality, reliability, and aftermarket service. To survive and succeed in such an intensely competitive environment, it is imperative for vendors to provide cost-effective and high-quality communication systems with latest technology and materials.
A more detailed analysis is available in the Technavio report, Global Military Communication Market: Forecast and Research Analysis 2015-2019.
We can customize reports by other regions and specific segments upon request.
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