Military Communications Market to Grow with 4.12% CAGR in 2023-2030

1
Military Communications Market to Grow with 4.12
CAGR in 2023- 2030 Triton Market Research
presents the Global Military Communications
Market report sectioned by Armed Force (Air
Force, Navy, Army), by Communication Type
(Ground-based Communication, Underwater
Communication, Shipborne Communication,
Air-Ground Communication, Airborne
Communication), by Component (Data Link Systems,
Multimode Radio Links, Phones, Radio,
Communication Systems, Other Components), and by
Regional Outlook (Europe, Middle East and Africa,
Latin America, Asia-Pacific, North America).
The report further discusses the Market Summary,
Industry Outlook (Impact of COVID-19, Key
Insights, Porters Five Forces Analysis, Market
Attractiveness Index, Vendor Scorecard, Industry
Components, Regulatory Framework, Key Buying
Impact Analysis, Key Market Strategies, Drivers,
Challenges, Opportunities), Competitive
Landscape, Research Methodology Scope, Global
Market Size, Forecasts Analysis
(2023-2030). Triton Market Researchs report
implies that the global military communications
market will advance with a CAGR of 4.12 in the
forecast years from 2023 to 2030. Security
breaches to the network and data infrastructure
of military communication systems may put citizen
safety at risk. Thus, securing them against
cyberattacks and other threats is crucial. And to
ensure this, the defense sector is rapidly
investing in upgrading these systems and
strengthening them. In 2017, the United States
Air Force introduced an advanced GPS signal
called M-Code, to improve anti-jamming and offer
secure access to military GPS signals. For this,
it awarded a 45 million-worth contract to
Lockheed Martin Corporation. The growing
investments to secure data transmission are thus
a key factor driving market growth.
2
Several modernization projects for military
communication systems are expected to be launched
by the US Army over the next decade. However,
various projects havent seen the light of day.
The Warfighter Information Network-Tactical
(WIN-T) is one such example with Increment 2
capabilities. However, Increment 3 was canceled
in the FY2016 budget proposal due to financial
constraints. Military budget constraints are thus
a hurdle in the path of market growth. The market
in the Asia-Pacific is anticipated to grow at the
fastest rate globally, over the assessed period.
This growth can be primarily attributed to the
rising border security threats for various
countries in this region. Leading names operating
in the military communications market include
Raytheon Technologies Corporation, Rufus Lab,
Aselsan, Northrop Grumman Corporation, Fortem
Technologies, Citadel Defense, Lockheed Martin
Corporation, BAE Systems Plc, Harris Corporation,
and Viasat. Developing military communications
systems is a cost-intensive process hence,
aspiring players face entry barriers. Moreover,
the stringent regulations, consistency, and
credential approval for governing manufacturers
are also other factors that act as entry
barriers. Top players in this market have spent
years developing technologies that cater to
evolving demands, and thereby gained a
competitive edge. Also, owing to the specific
demands of buyers, there is a high degree of
brand loyalty witnessed in the military
communications market.