Defense Tactical Radio Market Competitive Analysis and Professional Outlook 2021 – with a growing CAGR of 9.70%

The Global Defense Tactical Radio Market size valued to USD 10.71 billion in 2020, is predicted an elevation up to USD 32.49 billion by 2030, with a growing CAGR of 12.1% from 2021-2030.

Defense tactical radio is an instrument adopted by military and armed- forces, to communicate auditory tactical information, commands, and directions from person to person, majorly in encrypted language, during the conduct of combat. Usually, the defense radios are fortified with encryption and frequency hopping to avoid eavesdropping as well as recognition by radio direction finding systems. This prevents enemy forces from listening to the tactical information. As these radios are built for field use, they are heavier and more ruggedly constructed than portable civilian radios. With technological evolution, defense tactical radios are getting more compact, lighter in weight and less expensive; offering high-tech features such as superior sound quality, emergency tracking, and geofencing.

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Top Companies: Thales Group, BAE System, Inc., L3Harris Technologies, General Dynaics Corporation, Barrett Communications, Leonardo S.p.A., Cobham, Raytheon Technologies Corporation, Codan Limited, and Northrop Grumman

Market Dynamics and Trends

The defense tactical radio market is gaining traction over the period, owing to its versatile applications in the defense & military sector such as wide area surveillance in combat-field, increasing deployment in assisting multiple-missions, communicating tactical-information related to target acquisition and damage assessment.

Besides, factors such as increasing awareness regarding the significance of effective communication, growing demand for wireless, disturbance-free, superior sound quality communicating media, and advancements in product technology to manufacture compact and light-weight designs, are to fuel-up the defense tactical radio market growth throughout the forecast period.

However, spectrum shortage along with limited channel capability is expected to hamper the growth of defense tactical radio market during the forecast period.

Moreover, evolving defense & military sector in the emerging economies, further supplement the growth of defense tactical radios, plus, government initiatives in reinforcing the telecommunication sector, paves the way for lucrative opportunities in the defense tactical radio market in coming future.

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Market Segmentations and Scope of the Study:

The global defense tactical radio market share analysis is based on type, application, and geography.

Based on type, the market is segmented into Handheld and Vehicle-mounted. Based on application, the market is divided into Special Operation Force (SOF), Army, Navy, and Airforce. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to maintain its dominance on the global defense tactical radio market, throughout the forecast period, owing for the highest market shares. This is attributed to highly reinforced defense and military sector, presence of developed economies, higher government spending on battle equipment as well as presence of key market players.

Asia Pacific is expected to grow with the highest CAGR in the global defense tactical radio market, with substantially increasing market shares. The factors responsible are increased demand of effective communication in the war field, rise in government initiatives towards better public safety, increasing investments by regulatory bodies to strengthen the defense sector as well as presence of emerging economies majorly India and China.

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