Military Communications Market worth $30.12 Billion by 2019
ELECTRONICS.CA PUBLICATIONS announces the availability of a new report entitled “Military Communications Market – Worldwide Forecasts & Analysis 2014-2019″. This report covers all the major sub segments of the military communications market and provides quantitative (market size and market growth) and qualitative (trends, analysis, and insights) coverage for those segments. This comprehensive coverage of the military communications market provides important inputs such as drivers, restraints, and opportunities in this market, profiles the major players in this market, maps the competitive landscape, and provides the overall perspective on the military communications market in the various applications and regions.
A secure and robust communications system in military is essential to provide timely connectivity, exercise authority, and direct forces over large geographic areas. There is always a need for confidential, secure, and fast communication flow, meeting the needs of communication and technological advancement growing at a fast rate. So, the military communications system must integrate emerging technologies such as ka, Advanced Extra High Frequency (AEHF) band satellite communication, IP based-networking, Commercial off-the-Shelf (COTS)-based products and other technologies into a robust, standards-based, network-enabled environment to facilitate the delivery of the right information to the right location at the right time in an actionable format. Technologies such as Mobile User Objective System (MUOS) will soon provide secure, mobile network communication globally. Future perspective of growth in military communications market is expected to be bright due to the ever-growing demand for new technologies and updated communication techniques.
The military communications market is segmented by types of communication: airborne communication, air-ground communication, underwater communication, ground-based communication, shipborne communication; by types of components: military Satellite Communication (SATCOM) (Military Strategic and Tactical Relay (MILSTAR), Mobile Satellite Service (MSS), Fleet Satellite Communication System (FLTSATCOM), Very Small Aperture Terminal (VSAT), military radio systems( data links and terminals, mobile radio systems, tactical radio systems), military radar and sonar systems, military security systems (encryption systems, electronic countermeasure systems, and interception systems); by types of applications: command and control, routine operations, situational awareness, and other applications; and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA).
North America (NA) is expected to continue to be the leading regional market share, followed by the Asia Pacific (APAC) region. The global military expenditure crosses trillions, as a large amount of investment is made every year by the federal government willingly to adopt innovative communication solutions within government departments. The APAC region is expected to be the fastest growing region.
Since early times, military communication technologies have changed many folds with new frequency adoption, software embedded products, and cost-effective methods. Security and confidentiality of data is the utmost requirement in military communications, for which new solutions are constantly introduced. It is expected that future outlook for growth in the military communications market will continue to remain bright as companies continue to search for open and distributed architectures. With the adoption of new technologies and advancements it is expected that requirement of military products and services will continue to grow.
Companies will invest in the military communications market at a much encouraging rate in the coming years despite significant budget cuts, economic limitations, and potential technological challenges. With the advancement in the number of handheld products and technologies such as software defined radio, launch of AEHF band satellite systems with techniques to have secure and fast communication are expected to have exponential increase with latest data links and technologies.
The military communications market is expected to grow from $18.46 billion in 2014 to $30.12 billion by 2019. This represents a Compound Annual Growth Rate (CAGR) of 7.2% from 2014 to 2019. The table given below highlights the overall market opportunity, in terms of absolute dollar value and Year-Over-Year (Y-O-Y) growth.
Military Communications Market Size, 2014-2019 ($Billion), Market Growth, 2014–2019 (Y-O-Y %)
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View the report: Military Communications Market – Worldwide Forecasts & Analysis 2014-2019.