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According to a study published by Insure Insights, the global tactical communications is projected to grow at a CAGR of 12.3% during the forecast period. Tactical communications are military communications where information is transferred from one person to another in different places across the world through commands or codes. Tactical communication is carried out by several methods such as visual, verbal, written, and auditory, among others. At present, tactical communication is done by electric means. Tactical communication with satellites orbiting the earth at low altitudes is gaining traction among military forces across the globe. Increasing demand for advanced tactical equipment is anticipated to drive the market for tactical communication during the forecast period.
Top Driver: Demand for Advanced Tactical Equipment and Government Initiatives
Need to communicate the information without any disruption in the critical communication operations and demand for advanced tactical equipment are major factors driving the global tactical communication market. Moreover, government initiatives and other authorities to support multiple missions, including area surveillance, battle damage assessment, and target acquisition apart from border security is anticipated to propel the market. Advancement in technology for tactical communication over the period is expected to create lucrative opportunities in the near future.
High Capacity Data Radio to Make Crucial Contribution to Growth of the Market
Among type segments of the global tactical communication market, High Capacity Data Radio is predicted to show significant growth in future owing to increasing demand for radio services to increase connectivity. Other segment under type include Soldier Radio, Manpack Radio, Vehicular Inter-Communication Radio, Others. on the basis of platform, the market is segmented into Airborne, Ship-borne, Land, Underwater. On the basis of application, the market can be segmented into Integrated Strategic Resources, Communications, Command and Control, Others.
Rising Investments in Technological Advancements to Benefit North America Market
North American countries such as the US are predicted to maximize their spending on technological advancements which would help the industry grow in the coming years. Furthermore, rising significance of the quality headsets in cross industry applications would help the industry gain lucrative growth in the next few years. The surge in demand for military gear in the region which would help the industry propel in the coming years.
Players to Focus on Tactical Communication Market
The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Northrop Grumman Corporation, Raytheon Company, General Dynamics Corporation, Thales Group, and Harris Corporation, ViaSat Inc., Ultra Electronics, Iridium, and Tactical Communications Group LLC among others could be at the forefront of the competition in the global market.
Northrop Grumman: In September 2017, Northrop Grumman to acquire Orbital ATK for $134.50 per share in Cash. Furthermore, implied equity value of ~$7.8B and enterprise value of ~$9.2B would help the industry to propel in the coming years.
BAE Systems, Inc.: In January 2020, BAE Systems, Inc. announced it had reached definitive agreements for the proposed acquisitions of Collins Aerospace’s military Global Positioning System (GPS) business and Raytheon’s Airborne Tactical Radios (ATR) business. These two high-performing businesses are being sold in connection with obtaining the required antitrust clearances for the previously announced pending merger between Raytheon and United Technologies Corporation (UTC).
Scope of the Report
By Type
By Platform
By Application
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Tactical Communication Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Tactical Communication Market -Industry Snapshots
6.1.1 Global Tactical Communication Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Tactical Communication Market Analysis, by Type
7.2 Key Findings for Tactical Communication Market- By Type
7.2.1 Tactical Communication Market- High Capacity Data Radio
7.2.2 Tactical Communication Market- Soldier Radio
7.2.3 Tactical Communication Market- Manpack Radio
7.2.4 Tactical Communication Market- Vehicular Inter-Communication Radio
7.2.5 Tactical Communication Market- Others
Chapter 8 Global Tactical Communication Market Analysis, by Platform
8.2 Key Findings for Tactical Communication Market- By Platform
8.2.1 Tactical Communication Market- Airborne
8.2.2 Tactical Communication Market- Ship-borne
8.2.3 Tactical Communication Market- Land
8.2.4 Tactical Communication Market- Underwater
Chapter 9 Global Tactical Communication Market Analysis, by Application
9.2 Key Findings for Tactical Communication Market- By Application
9.2.1 Tactical Communication Market- Integrated Strategic Resources
9.2.2 Tactical Communication Market- Communications
9.2.3 Tactical Communication Market- Command and Control
9.2.4 Tactical Communication Market- Others
Chapter 10 Tactical Communication Market Analysis by Region
10.1 Key Findings for Tactical Communication Market- By region
10.2.1 Global Tactical Communication Market Analysis, By Type, 2019 – 2028
10.2.2 Global Tactical Communication Market Analysis, By Platform, 2019 – 2028
10.2.3 Global Tactical Communication Market Analysis, By Application, 2019 – 2028
10.3 Tactical Communication Market – North America
10.3.5 North America Market, By Type
10.3.6 North America Market, By Platform
10.3.7 North America Market, By Application
10.4 Tactical Communication Market – Europe
10.4.8 Europe Market, By Platform
10.4.9 Europe market by, Application
10.5 Tactical Communication Market – Asia Pacific
10.5.6 Asia Pacific Market, By Type
10.5.7 Asia Pacific Market, By Platform
10.5.8 Asia Pacific Market, By Application
10.6 Tactical Communication Market – SAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 South America, Middle East and Africa Market, By Type
10.6.6 South America, Middle East and Africa Market, By Platform
10.6.7 South America, Middle East and Africa Market, By Application
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.1 Northrop Grumman Corporation
12.3 General Dynamics Corporation
12.9 Tactical Communications Group LLC
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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