Global Tactical Communications Market, valued at US$13.0
billion in 2018, is projected to grow at a CAGR of 1.77% over the forecast
period, to reach US$15.4 billion by 2028 and cumulatively value US$150.3 billion.
The market consists of five segments: airborne, naval, man-portable, vehicular
The market is expected to be dominated by man-portable systems, which will account for 38.2% of the overall revenue, followed by vehicular and airborne with shares of 36.4% and 12.6% respectively. Stationary and naval segments are projected to account for shares of 8.8% and 4.0% during 2018-2028. Asia Pacific is projected to dominate the sector with a share of 35.4%, followed by North America and Europe, with respective shares of 28.7% and 25.6%.
Growing demand in emerging nations to boost the growth of the global market
Asymmetric warfare to propel demand for man-portable systems
Increased usage for C4ISR systems to propel demand for tactical communication systems
Increasing demand for improved Multiband Tactical Communication Amplifiers
Shift towards Non-Developmental Item(NDI) contracts
Joint R&D programs expected to increase over the forecast period
Companies making acquisitions in the communication space to harness the significant opportunities
Limited availability of Electromagnetic Spectrum (EMS)
Current military tactical information solutions facing technological issues