Tactical Communications Market Growing at 16.52% CAGR to 2021

Sep 08, 2016, 04:00 ET from Market Reports Hub

PUNE, India, September 8, 2016 /PRNewswire/ --

Global tactical communications market growth is forecast to by driven by demand for more advanced tactical equipment, while North America to account for a dominant share whereas Asia-Pacific is the fastest-growing regional market for tactical communications.

Complete report on tactical communications market spread across 162 pages, profiling 12 companies and supported with 54 tables and 27 figures is now available at http://www.marketreportshub.com/tactical-communications-industry-research-marketsandmarkets.html .

Combat segment is projected to grow at the highest CAGR in the tactical communications market. The combat segment of the tactical communications market, by application, is anticipated to grow at the highest CAGR during the forecast period. This is due to the increasing usage of tactical communication systems by troops in the battlefield for extensive exchange of digital data garnered from sensors, weapons, computers, and command centers. The use of such systems in the battlefield has also increased as they have become more agile and are easier to set up compared to the legacy equipment, which restricted mobility.

North America dominates the tactical communications market. The market in the region is mainly driven by the U.S. which has been focusing toward developing faster, stealthier, and more ruggedized communications systems for use in various terrains. The Asia-Pacific (APAC) region is expected to exhibit the highest growth rate in the tactical communication market during the forecast period of 2016 to 2021. This growth in tactical communications market in the APAC region can be attributed to the increase in the procurement of tactical communication systems by emerging economies and focus on strengthening their communications infrastructure in the defense sector.

Command & control is expected to be the second-fastest growing segment in the tactical communications market, by application. The demand for more advanced tactical equipment has increased as older equipment requires a large number of vehicles to transport, which limits their deployment flexibility. Furthermore, the bandwidth within which this equipment operates is unable to adequately meet the demand for modern network enabled applications. This is expected to drive the tactical communications market.  

Key players profiled in the tactical communications market report include Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), General Dynamics Corporation (U.S.), Thales Group (France),and Harris Corporation (U.S.), among others. Order a copy of "Tactical Communications Market by Platform (Airborne, Shipborne, Land, Underwater), Type (Soldier Radio, Manpack, VIC, HCDR), Technology (TDM, NGN), Application (ISR, Communications, Combat, Command & Control) - Global Forecast to 2021" research report at http://www.marketreportshub.com/purchase?rpid=4209 .

This research study is obliging for the audience includes Military and Defense Organizations, Government Agencies, Software Providers, Defense System Manufacturers, Subcomponent Manufacturers, Original Equipment Manufacturers (OEMs), Technology Support Providers, System Integrators and Communication Equipment Manufacturers. The objective of the report is to provide in-depth market intelligence regarding market dynamics and factors that influence the growth of the tactical communications market (drivers, restraints, opportunities, and industry-specific challenges).

On a related note, another research on C4ISR Market Forecast to 2021 says, the command, control, communications, computers, intelligence, surveillance & reconnaissance (C4ISR) market is estimated to be valued at USD 93.80 billion in 2016 and is projected to reach USD 110.78 billion by 2021, at a CAGR of 3.38% from 2016 to 2021. Intelligence segment is projected to grow at the highest CAGR in the C4ISR market. North American region holds a dominant market share in the C4ISR market. Companies like Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), Rockwell Collins, Inc. (U.S.), BAE Systems (U.K.), and Northrop Grumman Corporation (U.S.) have been profile in this 203 pages research report available at http://www.marketreportshub.com/c4isr-industry-research-2019-marketsandmarkets.html .

Explore more reports on the Public Sector market at http://www.marketreportshub.com/categories/public-sector .

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