Dublin, March 14, 2023 (GLOBE NEWSWIRE) — The “Global Defense Tactical Radio Market – Forecast 2023 to 2028.” report added to ResearchAndMarkets.com supply.
The global defensive tactical radio market was valued at USD 15.051 billion in 2021 and is expected to grow at a CAGR of 9.24% during the forecast period to reach USD 27.946 billion by 2028.
The defensive tactical radio is considered as an emerging technology that has superior quality features, geofencing and also the emergency tracking feature. In addition, advances in the technology used in defensive tactical radios make them cheaper and even smaller in size. Additionally, tactical radio communications are widely used in the military and defense for man-to-man transmission of battlefield command.
Increasing need for lightweight and small military hand-held radios, followed by increasing importance of efficient communication operations and their widespread application across sectors, is driving the growth of the global defense tactical radio market. In the military and defense industry, communication is critical to the effective transmission of information.
Governments around the world are increasing defense spending so that the military can have clear communications with soldiers on the ground. Manufacturers are spending more money on research and development to create and market new, technologically advanced products. These are the prime factors boosting the demand for defensive tactical radios.
Increasing government spending on defense systems is supporting the growth of the market.
The government’s increasing defense budget and R&D spending to provide its soldiers with technologically advanced products that can establish clear communication during their field work is a major driving factor. Total global military spending in 2021 reached US$2.08 trillion, surpassing US$2 trillion for the first time.
Sensor and smart device applications are now penetrating the defense sector, potentially opening up new market opportunities for tactical radios. Moreover, the development of the tactical radios market has been positively influenced by the tremendous revolutionary changes that the current developments in information and communication technology are bringing to various defense sectors.
Market development:
- In May-October 2022, L3Harris Technologies released the L3Harris AN/PRC-163 multi-channel tactical radio, which will allow warfighters to stay connected anywhere on the battlefield, providing them with exceptional command and control flexibility. The company recently received an order in October 2021 for 1,000 Falcon IV AN/PRC-171 compact team radios from the US Army to improve its tactical communications.
- In November 2021, Thales entered into a joint venture with Indra to develop SYNAPS multi-purpose tactical radios based on Thale’s next-generation SDR system. The joint venture of the two European-based leading suppliers of high-tech radios came with the aim of providing the French and Spanish armed forces with versatile and effective tactical radios.
Military held a major share in the global defense tactical radio market in 2021.
On the basis of application, the global defense tactical radio market is segmented into Special Operations Forces (SOF), Army, Navy, and Air Force. Due to the government’s efforts to strengthen the military and collaboration with defense tactical radio manufacturers to provide better solutions for the armed forces is expected to drive the market demand for such radios in the military.
For example, the Army’s Integrated Tactical Network (ITN) Program provides the US military with a network that is more resilient and secure by offering units multiple network communication paths when faced with congested communication environments. This program is also likely to keep the defensive tactical radio market in good shape.
In September 2020, PacStar announced that it had been awarded a tactical network communications contract by the US Army’s Program Executive Office Command, Control, Communications-Tactical to supply its PacStar 400-Series Scalable Class Unified Terminal (SCOUT) platform in support of this program. Thus, all these developments are projected to increase the growth of the market.
Moreover, in November 2022, the Indian Army approved project sanction orders for five Make II projects, which include the development of high-frequency, human-packaged software-defined radios for Army personnel. The project came as part of the government’s Aatmanirbhar Bharat Abhiyaan.
North America accounts for a significant share owing to the growing adoption of advanced defense equipment aided by the largest military spending power the US
Based on geography, the global defensive tactical radio market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The US defense tactical radio market accounts for a major share due to the highest military budget allocation in the world.
According to the Defense Budget Report issued by the United States Department of Defense in April 2022, the government has approved a budget of up to US$15.4 billion in 2021 for its US personnel operating in Syria and Iran. Moreover, favorable initiatives and developments are expected to boost market growth in the country. For example, the Handheld, Manpack and Small Form Fit (HMS) program in the US aimed at procuring a large quantity of software reprogrammable radios for tactical voice and information communications is likely to generate huge demand for this equipment during the forecast period.
Market Segmentation:
By type
Through an app
- Special Operations Forces (SOF)
- army
- Navy
- Air Force
At Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- others
- Europe
- Great Britain
- Germany
- France
- Spain
- others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- others
- Asia and the Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- others
Key Attributes:
| Report attribute | Details |
| Number of pages | 152 |
| Forecast period | 2021 – 2028 |
| Estimated Market Value (USD) in 2021 | $15.05 billion |
| Estimated Market Value (USD) to 2028 | $27.95 billion |
| Compound Annual Growth Rate | 9.2% |
| Regions covered | Global |
Main topics covered:
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. SUMMARY
4. MARKET DYNAMICS
5. GLOBAL DEFENSE TACTICAL RADIO MARKET BY TYPE
6. GLOBAL DEFENSE TACTICAL RADIO MARKET BY APPLICATION
7. GLOBAL DEFENSE TACTICAL RADIO MARKET BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
The mentioned companies
- Rolta India Limited
- General Dynamics Mission Systems, Inc.
- Harris Corporation
- Thales Group
- Advanced Electronics Company
- EID SA (Subsidiary of Cohort plc)
- ASELSAN AS
- The Raytheon Company
- Rockwell Collins
- Barrett Communications
For more information on this report, visit https://www.researchandmarkets.com/r/15mhg9
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