Military Communications Market: Strong Growth Continues With Technology Advancements To Continue Beyond During COVID-19 Crisis

18/set/2020 20:10:28 Allied Analytics LLP Contatta l'autore

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The Military Communications Market report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Replacement of aging technology with more advanced equipment, introduction of digital communications, and increase in defense expenses in developing countries such as China, India, and South Korea are some of the major factors that fuel the growth of the military communications market.

In addition, growth in investments by governments across the globe in the defense sector and emphasis on providing network-centric and data-centric communications further drives the growth of the market. However, high cost involved in the deployment of new technologies hampers military communications market growth. Furthermore, adoption of advanced technologies like KA-band satellite for communication services are anticipated to provide major opportunities for the market.

Based on component, it is bifurcated into Very Small Aperture Terminal (VSAT), Fleet Satellite Communications System (FLTSATCOM), Mobile Satellite Service (MSS), and Military Strategic and Tactical Relay (MILSTAR). In terms of communication type, it is segmented into shipborne, ground-based, underwater, air-ground, and airborne communication. By application, it is categorized into command and control, routine operations, situational awareness, and others. As per end-user, it is classified into land forces, naval forces, and air forces. Region-wise, the military communications market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Market Players Profiled In The Report:

• Northrop Grumman Corporation.

• ASELSAN

• BAE Systems.

• Lockheed Martin Corporation

• Thales Group

• Collins Aerospace

• Raytheon Company.

• TCL Communication

• General Dynamics Corporation

• Harris Corporation

 

 

Source: Allied Market Research

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