The military communication market is forecasted to grow by USD 8.5 bn during 2023-2028, accelerating at a CAGR of 4.34% during the forecast period. The report on the military communication market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing procurement of advanced military communication systems to strengthen defense communication security, increasing adoption of wireless communication technology, and increasing demand for UAVs.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.18%
CAGR
4.34%
Incremental Value
$8.5 bn
Technavio's military communication market is segmented as below:
By Component
Hardware
Software
By End-user
Army
Air Force
Navy
By Geographical Landscape
North America
APAC
Europe
South America
Middle East and Africa
This study identifies the increase in adoption of AI and ML in military communication as one of the prime reasons driving the military communication market growth during the next few years. Also, rising demand from aerospace and defense industry in APAC and advances in electronic warfare equipment will lead to sizable demand in the market.
The report on the military communication market covers the following areas:
Military communication market sizing
Military communication market forecast
Military communication market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military communication market vendors that include Airbus SE, ASELSAN AS, BAE Systems PLC, Bittium Corp., Cobham Ltd., Elbit Systems Ltd., General Dynamics Corp., Iridium Communications Inc., Kymeta Corp., L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., Mercury Systems Inc., Nemco Ltd., Nokia Corp., Northrop Grumman Corp., RTX Corp., Spectra Group UK Ltd., Thales Group, and Viasat Inc.. Also, the military communication market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Military Communication Market 2018 - 2022
Historic Market Size - Data Table on Global Military Communication Market 2018 - 2022 ($ billion)