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Military Communication market is anticipated to reach USD 62 Billion by 2024



Advancement in various products and technologies such as higher frequency Ka-band terminals, IP-centric communications and advanced extremely high frequency (AEHF) band satellite systems with fast and secure communication are expected to support the strong growth of military communication market in coming future.According to Goldstein Research market study on Global Military communication market, “Ability to understand the battlefield situations and awareness & management of conflictsat formative stages are driving the need for critical, exquisite and advance satellites for military operations. Defense industry equipped with antiquated network communication with limited information capabilities is driving the demand for advance military communication systems. Global Military communication market size is anticipated to reach USD 62 Billion by the end of 2024, expanding at a compound annual growth rate of 11.3% over the forecast period. In 2015, North America occupied 46% of the global market in terms of revenue share, North America military communication market size is expected to reach USD 23 Billion by the end of 2024.
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Market Segmentation
Global Military Communication Market is segmented on the following basis:
• Based on Communication Type
o Air-Based Communication
o Ship-Based Communication
o Air-Ground Based Communication
o Underwater Based Communication
o Ground-Based Communication
• Based on Systems
o Military SATCOM Systems
o Military Radar Systems
o Military Radio Systems
o Military Intercom Network Systems
o Military Communication Management Systems
• Based on Application
o Command and Control
o Situational Awareness
o Routine Operations
o Others Applications (Disaster Recovery Operations and Remote location Operations)
• Based on Geography
o North America (U.S. & Canada)
o Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden &RoE)
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)
o Middle East & Africa (GCC, South Africa, North Africa, RoMEA)
o Rest of World

“Global Military Communication Market Outlook 2024” contains detailed overview of the global military communication market in terms of market segmentation by communication type, by systems and by application.

Further, for the in-depth analysis, military communication market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global military communication market report also provides competitive outlook of some of the major players of global military communication market which includes profiling of companies such as Lockheed Martin Corporation, BAE Systems plc, Northrop Grumman Corporation, L-3 Communications Holdings Inc., Airbus group, Rockwell Collins, Raytheon Company, Thales Group, Alcatel-Lucent S.A., General Dynamics Corporation, Harris Corporation, Ultra Electronics, Elbit Systems and ViaSat, Inc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
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News Release: Military Communication market is anticipated to reach USD 62 Billion by 2024
Submitted on: October 27, 2017 12:53:43 PM
Submitted by: Mark twain
On behalf of: www.goldsteinresearch.com/report/military-communication-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
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