The global military communication systems market is anticipated to grow at a moderate CAGR during the forecast period. The major factor for growth of the market is the increasing need for the enhanced situational awareness on the battlefield. According to the SIPRI, global military spending has seen an increase in spending by 2.6% in 2020, even though there was fall in the global GDP. The use of satellite-based communication has been increasing in the military; the main reason for this is the low latency and high transmission rate. Recently, there has been increasing focus on the asymmetric warfare, due to which the military across the globe have to develop their battlefield communication capabilities.
In September 2021, Raytheon Technologies Corp., a segment of Collins Aerospace, secured a contract under which it will provide 8,085 units of AN/ARC-210(v) radios to the US army. The contract was valued at $94.1 million which is projected to be finished by September 2024. This will support provide the America’s military with advance effectiveness in the military communications. The evolution of such satellite-based communications with advanced SATCOM devices will be supporting the military across the globe to communicate effectively in the tedious environments. Saankhya Lab, an Indian based company collaborated with ISRO on 2013, and has been working on developing various technologies such as SAMRAT S-Band Satellite phone that will have features such as supporting voice, data and short messaging service, and will be used for defense and strategic use. In 2020, Saankhya Labs launched NAVDOOT Satellite-based Vessel Tracking System which will support India with the costal security by monitoring the ships and sending them weather information.
Market Coverage
o By Component
o By Application
o By End-User
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Global Military Communication Systems Market
o By Component
o By Application
o By End-User
Global Military Communication Systems Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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