Military Communication Systems Market Top Scenario, SWOT Analysis, Business Overview & Forecast 2027 | what will be the value of the market in 2027?
Research Reports
Jan 07, 2021
Market Size – USD 33.06 billion in 2019, Market Growth – CAGR of 3.8%, Market Trends – Higher usage of Military Communication Systems in defense intelligence agencies
The military of a country is a major benefactor towards the advancement of a nation. The unexpected and exquisitely complex nature of missions in the defence services always demand something reliable and efficient. The new technology has also changed the way a commander-in-chief engages with their deployed army in the battlefield from face to face orders to new applications for the purpose of planning and execution. Highly equipped trackers and its interrelated gadgets are now responsible for alert systems in the army.
The highly complex & dynamic nature of the missions that the military & defense organizations perform is also transforming the traditional way the commanders used to engage in the planning and execution. Initially, the commanders needed to interpret the battlefield in a fixed variables such as geography, across time, and function. Whereas, the battlefield or the highly crucial red alert zones nowadays take up multiple, interrelated aspects.
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Market Drivers
With the global military communications systems market in 2019 valuing at USD 33.06 billion and a growth rate of 3.8%, the market size will expectedly increase by more than 10 billion by 2027 according to a report gathered by Emergen Research. The main drivers for industry growth are the expansion of military services in countries which continuously factor commands and decisions made in a well-timed way, gathering a common operative picture of diverse missions and exchange of information with a desired level of encryption. Furthermore, the increase in the utilization of geospatial intelligence and rise in cybercrimes involving unethical data hacks and confidential information retrievals from government organizations are also some of the prime factors that help solidify the grounds of the Military Communication Systems Market.
Regional Analysis
An approximate 7.0% of demand in the Military Communication Systems market comes from the Asia Pacific region, contributing to the largest fragment in the market. The area is estimated to hasten the growth rate in the coming decade, with the leading countries being China, India, Japan, and North Korea, that are allocating a considerable amount from their economy in the growth of defense grooming, asymmetric warfare, and other commercial activities.
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Key players in the market The Boeing Company, BAE Systems, Lockheed Martin, Rockwell Collins, Elbit Systems, Northrop Grumman, Thales Group, Leonardo S.p.A., Raytheon Company, and General Dynamics, among others.
Application Outlook (Revenue: USD Billion; 2017-2027)
Homeland Security & Cyber Protection
Military Critical Infrastructure
Routine Operations
Emergency Services
Transportation System
Others
Platform Outlook (Revenue: USD Billion; 2017-2027)
Land
Airborne
Naval
Joint
Space
Component Outlook (Revenue: USD Billion; 2017-2027)
Products
Services
End Users Outlook (Revenue: USD Billion; 2017-2027)
Army
Air force
Navy
Defense Intelligence
Commercial Services
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Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Military Communication Systems Market Segmentation & Impact Analysis
4.1. Military Communication Systems Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing incidences of security breaches in defense
4.2.2.2. Asymmetric warfare interpersonal relationships among countries
4.2.2.3. Huge growth in the IoT devices & information technology
4.2.3. Market restraints analysis
4.2.3.1. Regulatory hurdles & higher cost associated to it
4.2.3.2. Inefficient research methodologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continue…
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