PUNE, India, September 11, 2015 /PRNewswire/ --
According to a new market research report, "Military Communications Market by Communication (Airborne, Air-Ground, Underwater Communication), Component (Military Satcom, Radio System, Security System), Application (Command & Control, Situational Awareness) & by Region - Global Forecast to 2020", published by MarketsandMarkets, The global Military Communications Market is estimated to grow from USD 23.02 Billion in 2015 to USD 40.82 Billion by 2020, at a CAGR of 12.1% from 2015 to 2020.
Browse 67 market data Tables and 49 Figures spread through 119 Pages and in-depth TOC on "Military Communications Market"
Early buyers will receive 10% customization on this report.
The market report provides a comprehensive market and forecast analysis of the overall market, segmented by communication type, component, application, and region. The report covers all the major sub-segments of the Military Communications Market and provides the quantitative (market size and market growth) and qualitative (trends, analysis and insights) for those segments.
Download Free Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=66198542
In military communication, safety and security of data and messages plays a vital role. Hence, companies prefer to opt for cost-effective and efficient solutions which would help safeguard the confidentiality of the information. This has led to the growth of the market for the products and services. Replacement of obsolete technology with the advanced equipment and the availability of emergency communication services which helps in delivering notification in case of any emergency are also driving the growth of the market. Apart from these, the market is also driven due to the satellite communication which helps in providing accurate and real-time information to the military department.
The global Military Communications Market is estimated to grow from USD 23.02 Billion in 2015 to USD 40.82 Billion by 2020, at a CAGR of 12.1% from 2015 to 2020. Players in this market have adopted various strategies to expand their global presence and increase their market shares. Agreements, mergers & acquisitions, and new product developments are some of the major strategies adopted by the market players to achieve growth in the Military Communications Market. The key market players such as Lockheed Martin, Raytheon, Northrop Grumman, and others have adopted new product launches as their key strategy to expand their client bases and tap new market spaces. This strategy accounted for a share of 23% of the total strategic developments in the Military Communications Market.
This comprehensive coverage of the Military Communication Market provides important inputs, such as drivers, restraints and opportunities in this market, profiles the major players in this market, maps the competitive landscape and provides the overall perspective on the Military Communications Market in the various regions.
Browse Related Reports
Maritime Security Market by Technology & Systems (Screening & Scanning, Detectors, Surveillance & Tracking, Communication), Category (Port & Critical Infra, Vessel Security, Coast Surveillance), Service, & Regions - Trends & Forecast to 2020
Nanosatellite and Microsatellite Market [Geographic Information system, Payload, Space Science, Satellite Communication, Satellite Imagery, Remote Sensing, Scientific Research, Reconnaissance, Satellite Launch] - Worldwide Market Forecast (2014 - 2019)
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets