Global Defense Tactical Radio Market was valued US$ 7.998 Bn in 2017 and is expected to reach US$ 18.654 Bn by 2026 at a CAGR of 11.17% during the forecast period.
Increased demand for faster communication and advancement in the wireless communication technologies drives the global defense tactical radio market. Moreover, the superior quality, emergency tracking, and geofencing has boosted the market. The latest technology uses command and control (C2) domain, which enables a reliable and quick communication with better coordination. However, there are several reasons that hinders the growth of the global defense tactical radio market including the susceptibility of equipment to hacking by enemies. However, numerous manufacturers try to remedy the problems to improve the performance of the devices.
Tactical radios are extensively used by special operation forces (SOF) to facilitate military intelligence exchange and perform quickly and surprise attacks on unsuspecting enemies. The growing number of conflicts in regions like America, Africa, and Asia is driving the need for the deployment of SOF. The adoption of tactical radios for SOF activities continue to increase because of its enhanced features of military radio communication equipment.
The increasing need for communication among troops and the base center is propelling the demand for tactical radios in the Americas. The US is involved in joint operations across the world and is focusing on achieving high levels of mission command interoperability through the joint multinational readiness center (JMRC). This includes an initiative for direct army radio communication with allied forces.
North America held a significant market share on account of high military expenditure and adoption of advanced technology. The Middle East and Africa and the Asia Pacific region are projected to witness substantial growth over the forecast period.
This report focuses on global Defense Tactical Radio volume and value at different level, regional level and company level. From a global perception, this report represents Defense Tactical Radio market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions like North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, and market share for each manufacturer covered in this report.
This report uses the progressive technological systems requires which are compatible with this market by every parameter are firmly discussed in this report. Main leading players in the Defense Tactical Radio market are General Dynamics, Harris, Raytheon Company, Rockwell Collins, Thales Group, and BAESystems. These players have adopted various competitive strategies like innovation, new product development, and market expansion to boost the growth of the market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, power rate, application and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Defense Tactical Radiomarket. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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