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Tactical Communications Market worth 18.53 Billion USD by 2021

09-09-2016 09:25 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets.com

The report "Tactical Communications Market by Platform (Airborne, Shipborne, Land, Underwater), Type (Soldier Radio, Manpack, VIC, HCDR), Technology (TDM, NGN), Application (ISR, Communications, Combat, Command & Control) - Global Forecast to 2021", The global tactical communications market is estimated to be USD 8.62 Billion in 2016 and is projected to reach USD 18.53 Billion by 2021, registering a CAGR of 16.52% during the forecast period.

Browse 54 market data Tables and 27 Figures spread through 162 Pages and in-depth TOC on "Tactical Communications Market”.

http://www.marketsandmarkets.com/Market-Reports/tactical-communication-market-255957957.html

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Underwater segment is projected to lead the tactical communications market during the forecast period

On the basis of platform, the underwater tactical communications segment is estimated to witness the highest growth as government agencies are focusing toward strengthening the communication related capabilities of submerged manned and unmanned systems. This is expected to enable such systems to receive and transmit broadcast of real-time situational awareness data to other airborne and shipborne platforms.

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Manpack segment is estimated to grow at the highest rate during the forecast period

The tactical communications market has been segmented and analyzed on the basis of type into soldier radio, manpack radio, VIC (Vehicular Intercommunication Radio), High Capacity Data Radio (HCDR), and others. The tactical communications market for manpack radio is expected to register the highest growth, driven by their increasing procurement owing to their ability to provide dual channels of communications and operability on different wavelengths simultaneously. They are also being preferred as their usage eliminates the need for more than one radio at any location.

North America: The largest market for tactical communications

The market for tactical communications has been estimated to be the largest in North America due to the increase in procurement of advanced communication systems such as those based on internet protocol (IP) and voice over internet protocol (VoIP) apart from satellite communications.

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Harris Corporation (U.S.): One of the key players in the tactical communications market

Major players in the tactical communications market are Harris Corporation (U.S.), Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), General Dynamics Corporation (U.S.), and Thales Group (France), among others.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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