Rapid Growth Forecasted for Defense Communication System Market: Manufacturers Drive Market to Reach US$ 120.62 Billion by 2033

Demand for defense communication systems is estimated to progress at a CAGR of 9.9% from 2023 to 2033. This military communication market value is further expected to reach US$ 120.62 billion by 2033 growing from US$ 46.7 billion in 2023.

Acclaimed growth in industrial wireless communication technology has encouraged its integration with defense organizations with the growing need for tactical operations. The devices used are designed to work in harsh environments creating a distinguished market for themselves in recent years. With the increasing expansion of the worldwide naval forces, new and improved sonar systems are projected to be in high demand.

Key advancements in technologies have boosted the demand for military communication systems in North America, especially in the United States. The tactical network modernization strategy of the country includes building and fielding a network that is expeditionary moveable and well-protected. The plan aims to handle existing network difficulties while simultaneously actively researching next-generation solutions to stay ahead of possible competitors. So, the United States defense sector is totally focused on improving its tactical communication market and management systems.

In recent years, there has been a shift in designing and innovation of defense communication systems that can be utilized during internal security incidents. Several countries are ensuring that personnel assisting city police in tactical operations have access to the most up-to-date situational awareness and communication networks.

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Key Takeaways from the Defense Communication System Market Study Report

• North America is the prominent region for the development and adoption of defense communication systems acquiring a market share of 36.5% in 2022. It is mostly dominated by the United States which also leads the global market by contributing 20.5% of the revenue.
• In 2022, Europe region followed North America in the adoption of defense communication by holding a market share of 24.8%. Germany was figured out to be the leading producer and supplier of defense communication systems by generating a 7.6% revenue share.
• The demand for defense communication systems in the United Kingdom is projected to expand at an annual rate of 8.7% through 2033. Likewise, France is also anticipated to emerge as a profiteering region for the market players during the forecast years.
• In Asia Pacific, China is projected to register a CAGR of 9.7% during the forecast years in sales of defense communication systems. Meanwhile, India is anticipated to witness a high growth rate of 12.1% during this period.
• Based on product type, the market segment only for systems or components dominates the present market with a market share of 58.7%. While the defense communication services segment is poised to gain traction during the latter half of the projected period.
• The Demand for defense communication systems in land forces is high than in the other two military branches. Though it currently holds a market share of 40.3%, the naval forces segment is expected to expand at a high pace.

Competitive Landscape for the Defense Communication System Market Players

General Dynamics, Airbus, QinetiQ, Rockwell Collins, and Lockheed Martin are some of the leading players in the global defense communication system market. Due to the emergence of new market players with government support and continuous private and public sector investments, the market is getting gradually competitive.

The development of new-generation defense communication devices with easy system integration is the main focus of leading manufacturers or market players nowadays. The emergence of IoT within the military network environment and the growing demand for mobile command systems are expected to increase these sales.

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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