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(Wireless-NewsWire.Com, September 20, 2018 ) The Global Military Communications Market was valued at USD 26.22 billion in 2016 and is projected to reach USD 74.59 billion by 2025, growing at a CAGR of 12.32% from 2017 to 2025.
The military communications market encompasses all the facets of communication and data conveyance by the armed forces. The communication involves secure interactions within flexible and cohesive networks. The communication is not limited to the only land as the data conveyance involves both sea and field communication between ships, headquarters and distant installations as well.
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The adoption of KA- Band and the mobile Ad Hoc Networks, the innovation in the military communication and the requirement of security services in the defense sector are factors that are positively affecting the military communications market. The high operational costs and the fact that products have several standards are the cause for some restraint in the market for military communications.
Competitive Landscape:
The major players in the market are as follows:
Rockwell Collins
Northrop Grumman Corporation
L-3 Communications Holdings Inc.
Raytheon Anschütz
Thales Group
Harris Corporation
Lockheed Martin Corporation
Alcatel-Lucent
BAE Systems
General Dynamics
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