Defense Tactical Radio Market by Type (Handheld, and Vehicle-mounted) and Application (Special Operation Force (SOF), Army, Navy, and Air force) by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) to be worth US$ 18.65 Bn by 2026 at the CAGR of 11.17% during 2017 and 2026.
Increase in the significance of effective communication majorly drives the market. In addition, application in various sectors, such as government and public safety and rise in demand for wireless communication that helps provide secured and noise free information to the end user also fuel the market growth. The increase in need for lightweight and small military handheld radio is identified as one of the key trends that is projected to boost the market growth in the coming years. However, deficiency of spectrum and limited channel capability restricts the market. Moreover, increase in demand for tactical radio in the emerging market and positive approach of the government by investing in telecommunication sector, are expected to offer lucrative opportunities in the near future.
The defense tactical radio market offers features like lightweight, easy accessibility, and others. The global defense tactical radio market is expected to witness significant growth in the future, because of its increase in expenditure on luxury vehicles.
North America is the highest revenue contributor to the market during forecast period, accounting for around XX% share, because of its rise in adoption of electronic-based system/components across the defense sectors.The US is involved in joint operations across the world and is focusing on achieving high levels of mission command interoperability through the joint multinational readiness center (JMRC). This includes an initiative for direct army radio communication with allied forces.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as General Dynamics,Harris, Raytheon Company, Rockwell Collins, Thales Group, BAE Systems, BARRETT Communications, Cobham, Codan Radio Communications, Leonardo, L3 Technologies, Northrop Grumman, Radmor, Rohde & Schwarz INRADIOS, Rolta India.
Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Defense Tactical Radio market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Defense Tactical Radio. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Defense Tactical Radio market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Defense Tactical Radio Market”.
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