Military Communication Market to Surge at a CAGR of 7.2% over 2024 to 2032; Market Valuation to Skyrocket with Increasing Adoption of Wireless Technology

The global military communication market size stood at USD 33.12 billion in 2023. The market value is slated to rise from USD 34.74 billion in 2024 to USD 60.40 billion by 2032 at a CAGR of 7.2% during 2024-2032. Fortune Business Insights™ presents this information in its report titled “Military Communication Market Size, Share, and Industry Analysis, By Component (Hardware and Software), By Hardware (Transceiver, Antenna, Transmitter, Receiver, and Others), By Technology (SATCOM, VHF/UHF/L-Band, HF Communication, and Data Link), By Platform (Airborne, Ground, Naval, and Space), and Regional Forecast, 2024-2032”.

Military forces use advanced communication systems for tactical communication between commanders and their allies and forces to gain a tactical and strategic advantage. The market is set to witness lucrative opportunities in the future considering the rise in military expenditures and the adoption of Ka-band technology for product development.

The Russia-Ukraine war underscored the need for secure military communication systems for avoiding targeting and interception by the enemy. Additionally, the Ukraine military also used electronic warfare systems to jam the GPS signals and communications of the Russia. 

Kratos Technology and Training Solutions Bagged a USD 579 Million Contract to Maintain CCS-C

In November 2023, Kratos Technology and Training Solutions, Inc., based in California, secured a USD 579 million contract. The contract was awarded for maintaining and sustaining the CCS-C (Combined Command and Control System).

Escalating Adoption of Wireless Communication Technology to Drive Industry Expansion

The need for secure data transmission and network infrastructure has elevated the demand for evolving technologies. Some of these technologies comprise ultra-high frequency communication, very high frequency communication, and SATCOM. The rising tech adoption in various military applications is set to propel military communication market growth.

Nonetheless, the industry expansion could be affected by the high costs associated with data links, product installation, and infrastructure.

Pivotal Players Adopt Various Organic and Inorganic Strategies to Strengthen Industry Positions

Leading industry players are deploying various inorganic and organic growth strategies to consolidate their positions in the global market. A few of these steps are the development of new technologies, mergers, and acquisitions. Additional strategies comprise partnerships and long-term contracts for providing advanced military communication systems.

Key Players Profiled in the Report

• ASELSAN A.S. (Turkiye)
• General Dynamics Corporation (U.S.)
• L3Harris Technologies, Inc. (U.S.)
• Viasat Inc (U.S.)
• Cobham PLC (U.K.)
• BAE Systems PLC (U.K.)
• Elbit Systems Ltd. (Israel)
• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• RTX Corporation (U.S.)

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https://www.fortunebusinessinsights.com/military-communications-market-102696

Key Industry Development

• June 2023 – The Indian Ministry of Defense entered a contract with ICOMM Tele for acquiring Radio Relay Containers. The 1035 5/7.5-ton equipment containers meant for radio communication are used for creating a secure environment for the reliable and flawless functioning of communication devices.

Further Report Findings

• In 2023, North America captured a major market value in the global market by being a hub for key equipment manufacturers such as Northrop Grumman Corporation and Honeywell International. The regional was valued at USD 10.43 billion in 2023.
• The Asia Pacific market is set to register the second-leading military communication market share with a substantial upsurge in the number of commercial aircraft deliveries in countries such as China and India.
• The Middle East & Africa market is anticipated to grow at a moderate rate over the analysis period, driven by an escalation in defense expenditure in countries such as the UAE, Saudi Arabia, Israel, and others.
• By component, hardware segment held a prominent market share in 2023 and is set to expand at the fastest rate over the forecast period owing to the growing demand for military-grade communication devices.  
• On the basis of hardware, antenna segment accounted for a dominant market share in 2023 and is projected to exhibit the fastest growth over the analysis period fueled by the mounting demand for advanced communication systems for catering to modern requirements on the battlefield.

Table of Segmentation