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Defense Tactical Radio Market Opportunity Analysis and Industry Forecast, 2020 – 2030

Written by alex121

The Global Defense Tactical Radio Market held 11271.1 million in 2020 and is expected to grow with a CAGR of 10.8% during forecast period. Tactical communication consists of the exchange of military information between ground troops, platforms, and command centres under combat situations to obtain situational awareness and command & control (C2). Additionally, it is very important of military operations which relies on military intelligence, and effective communication and comprehension of mission-critical information determining its success with having features superior sound quality, emergency tracking, and geo-fencing. Moreover, the defence tactical radio is small in size light weighted coupling with advancements in technology; majorly used to convey command over the battlefield from person to person. The launch of radio programs by defence ministries will be one of the key factors that will have a positive impact on the growth of the market.  A defence agency encourages them to take significant measures along with highly advancement of radio communication capabilities. The U.S. Department of Defence (DoD) came up with one such programs named as the joint tactical radio system (JTRS) which was used to form a single standard software-defined radio (SDR) system for the US Army. It also includes the development of software communications architecture, software-based waveforms, and joint tactical radio (JTR) set. The U.S. army launched another program named as mid-tier networking vehicular radio (MNVR) program which equips both mobile and stationary forces with wireless connectivity.

Market Dynamics and Factors:

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Increase in the demand for lightweight and small military handheld radio is identified as one of the major drivers for the growth of the global defence tactical radio market. In addition, an increase in the significance of effective communication along with application in various sectors, such as government and public safety and rise in demand for wireless communication that helps in providing secured and noise free information to the end user is also propelling the growth of the market. However, the shortage of limited channel capability and spectrum are responsible to restrain the market growth. Furthermore, growing demand for tactical radio in the emerging market coupled with the positive approach of government by investing in telecommunication sector creates opportunities for the market growth. The susceptibility to hacking by enemies is considered to be the challenge for market.

 

Market Segmentation:

 

Based on type, the global defence tactical radio market is classified into handheld, and vehicle-mounted. By application, the market is categorized into special operation force (SOF), army, navy, and air force. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

 

Geographic Analysis:

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North America is responsible for the highest revenue share with approximate 39.71% to the defence tactical radio market in 2019, due to rise in adoption of electronic-based systems and high military expenditure across the defence sectors. In the U.S. market, army segment includes an initiative for direct army radio communication with allied forces was the highest contributor and estimated to reach USD 1,813.4 million by upcoming period. The growing number of conflicts in Asia Pacific is driving the need for the deployment of SOF will continue to increase due to the enhanced features of military radio communication equipment. In Latin America, increasing need for communication among troops and the base centre is expected to dominate the market during the forecast period. The Middle East & Africa are projected to witness substantial growth over the forecast period.

 

Competitive Scenario:

 

The key players of global defence tactical radio markets BAE Systems, Inc., Codan Limited, Barrett Communications Pty. Ltd, Cobham plc., General Dynamics Corporation, Harris Corporation, Leonardo S.p.A, Raytheon Company, Rockwell Collins, Inc., and Thales S.A.

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