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Military Communications Market Growing at a CAGR 4.0% | Key Player Aselsan, BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon

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Military Communications Market Growing at a CAGR 4.0% | Key Player Aselsan, BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon

November 30
12:54 2020
Military Communications Market Growing at a CAGR 4.0% | Key Player Aselsan, BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon

ASELSAN (Turkey), BAE Systems (UK), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), Cobham (UK), Elbit Systems (Israel), General Dynamics (US), Harris Corporation (US), Thales (France), Viasat (US), Inmarsat (UK), Iridium (US), Systematic (Denmark), Leonardo (Italy), Israel Aerospace Industries (Israel), Rheinmetall (Germany), Rolta (India), Rufus Lab
Military Communications Market by Communication Type (Airborne, Air-Ground, Underwater, Ground-Based), Component (Military Satcom Systems, Military Radio Systems, Military Security Systems), Application, End-User, and Region – Global Forecast to 2025

The global Military Communications Market size to grow from USD 33.4 billion in 2020 to USD 40.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period. The key factors driving the growth of the military communications market include the rising security concerns and the procurement of military communication solutions due to an increase in disputes among different countries across the world.

The airborne communication segment to hold a larger market size during the forecast period

The communication type segment comprises airborne, air-ground, underwater, ground-based, and shipborne communications. The airborne communication segment is expected to hold a larger market share during the forecast period. The key trend contributing to this market growth is the increased focus and investment to enhance the capabilities of air forces. Several countries, such as the US, the UK, Russia, Israel, India, Japan, Singapore, and China, have increased their spending to strengthen their air forces, which is expected to enhance the expenditure on airborne communications. The underwater communications segment is projected to grow at the highest CAGR during the forecast period.

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The military SATCOM systems segment to hold the largest market size during the forecast period

The military communications market by component has been segmented into military SATCOM systems, military radio system, military security system, and communication management system. Among components, the military SATCOM systems segment is expected to hold the largest share of the military communications market. Most of the technologically advanced countries rely on SATCOM communications due to broader coverage, easy installation, security, and location independence. With the advent of SDR, the military radio systems segment is projected to grow at a decent pace. Security concerns are expected to boost the adoption of military security systems, thus driving the growth of the military security systems segment.

Communications have always been an integral part of defense operations. A secure and robust communication system is essential for militaries to provide timely connectivity, exercise authority, and direct forces to ensure a seamless flow of information for better decision-making. Military communications include transmission of information, such as orders and instructions, among military personnel to maintain order, command, and control.

Some of the key players operating in the military communications market include ASELSAN (Turkey), BAE Systems (UK), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), Cobham (UK), Elbit Systems (Israel), General Dynamics (US), Harris Corporation (US), Thales (France), Viasat (US), Inmarsat (UK),  Iridium (US), Systematic (Denmark), Leonardo (Italy), Israel Aerospace Industries (Israel), Rheinmetall (Germany), Rolta (India), Rufus Lab (US), Vantage Robotics (US), CRON Systems (UK), Fortem Technologies (US), Airspace Systems (US), Citadel Defense (US). These military communications vendors have adopted various organic and inorganic strategies to sustain their positions and increase their market shares in the global military communications market.

BAE Systems was founded in 1999 and is headquartered in London, UK. The company has strong, established positions supplying defense equipment, electronics, and services, as well as cyber, intelligence, and security solutions for governments. It also has a growing position in adjacent commercial markets. The company reports its performance through five principal reporting segments, including Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. It offers a diverse portfolio, broadly balanced between an enduring services and support business, long-term platform and product programs, electronic systems, and activities in cyber and intelligence. BAE Systems develops and delivers advanced defense and aerospace systems for air forces, militaries, and naval forces. The electronic systems segment of the company offers electronic warfare systems, fly-by-wire flight control systems, commercial digital engines, military communication systems, and data links. The company has its presence in Australia, India, Saudi Arabia, the UK, and the US.

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Northrop Grumman was founded in 1939 and is headquartered in Virginia, US. The company is a global aerospace, defense, and security company. It is aligned in four operating sectors: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services. The aerospace systems division designs, develops, and manufactures spacecraft, high-energy laser systems, manned aircraft, microelectronics, autonomous systems, and other systems/subsystems. Through the mission systems division, the company provides tactical datalinks for communication systems for global federal-civil and defense customers. The company’s core competencies are aligned with the current and future needs of its clients and provide services in key areas, such as C4ISR, autonomous systems, combat systems, cyber, and logistics, which are critical to the defense of the US and other countries. The company operates through 35 subsidiaries and has a presence across the world.

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