Defense Tactical Radio Market by Type (Handheld/Portable and Vehicle Mounted), by Platform Type (Ground-based, Naval-based, and Airborne), and by Application (Special Operation Force (SOF), Army, Navy, and Air force) – Global Opportunity Analysis and Industry Forecast, 2024 – 2030
Industry: Aerospace & Defense | Publish Date: 04-Jun-2024 | No of Pages: 228 | No. of Tables: 175 | No. of Figures: 140 | Format: PDF | Report Code : N/A
Market Definition
The global Defense Tactical Radio Market size valued to USD 11.67 billion in 2021, is predicted an elevation up to USD 32.49 billion by 2030, with a growing CAGR of 12.2% from 2022-2030.
Defense tactical radio is an instrument adopted by military and armed- forces, to communicate auditory tactical information, commands, and directions from person to person, majorly in encrypted language, during the conduct of combat. Usually, the defense radios are fortified with encryption and frequency hopping to avoid eavesdropping as well as recognition by radio direction finding systems. This prevents enemy forces from listening to the tactical information. As these radios are built for field use, they are heavier and more ruggedly constructed than portable civilian radios. With technological evolution, defense tactical radios are getting more compact, lighter in weight and less expensive; offering high-tech features such as superior sound quality, emergency tracking, and geofencing.
Market Dynamics and Trends
The defense tactical radio market is gaining traction over the period, owing to its versatile applications in the defense & military sector such as wide area surveillance in combat-field, increasing deployment in assisting multiple-missions, communicating tactical-information related to target acquisition and damage assessment.
Besides, factors such as increasing awareness regarding the significance of effective communication, growing demand for wireless, disturbance-free, superior sound quality communicating media, and advancements in product technology to manufacture compact and light-weight designs, are to fuel-up the defense tactical radio market growth throughout the forecast period.
However, spectrum shortage along with limited channel capability is expected to hamper the growth of defense tactical radio market during the forecast period. Moreover, evolving defense & military sector in the emerging economies, further supplement the growth of defense tactical radios, plus, government initiatives in reinforcing the telecommunication sector, paves the way for lucrative opportunities in the defense tactical radio market in coming future.
Market Segmentations and Scope of the Study:
The global defense tactical radio market share analysis is based on type, application, and geography.
Based on type, the market is segmented into Handheld and Vehicle-mounted. Based on application, the market is divided into Special Operation Force (SOF), Army, Navy, and Airforce. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
North America is expected to maintain its dominance on the global defense tactical radio market, throughout the forecast period, owing for the highest market shares. This is attributed to highly reinforced defense and military sector, presence of developed economies, higher government spending on battle equipment as well as presence of key market players.
Asia Pacific is expected to grow with the highest CAGR in the global defense tactical radio market, with substantially increasing market shares. The factors responsible are increased demand of effective communication in the war field, rise in government initiatives towards better public safety, increasing investments by regulatory bodies to strengthen the defense sector as well as presence of emerging economies majorly India and China.
Competitive Landscape
The defense tactical radio market is highly fragmented and consists of various market players to sum up the overall market size. Some of the major market players include, Thales Group, BAE System, Inc., L3Harris Technologies, General Dynaics Corporation, Barrett Communications, Leonardo S.p.A., Cobham, Raytheon Technologies Corporation, Codan Limited, and Northrop Grumman among others.
The cutting-edge product launches, facility expansions and collaborations among the market players, is taking the global defense tactical radio market to new-heights.
Furthermore, in November 2019, the Barrett Communications was awarded with the ‘Multiyear Contract’ for supplying the Canadian National Defense Department (DND) with Very High Frequency (VHF) radio communications equipment. The Barrett PRC-2080+ VHF radio systems designed for multi-role military applications, provides rugged reliable field proven communications, offering in-hand portable, manpack, vehicle, base and rebroadcast system configurations, hence giving flexibility for its deployment in the field.
Furthermore, in January 2020, Rohde & Schwarz delivered more than 10,000 R&S M3SR software defined radios, accomplishing a milestone. The highly modular Software Defined Radios (SDR) offered by Rohde & Schwarz’ are optimized for stationary and shipborne secure voice and data communications. The SDRs offer a wide range of system interfaces and waveforms, including standard and proprietary frequency hopping waveforms, as well as radio communications in line with all relevant NATO standards. These are compatible with military data transmission methods such as LINK11 and LINK22, as well as their functionality can be enhanced through subsequent software updates. The SDRs are in use with international navies, in mobile military and civil ATC tower applications around the world.
KEY BENEFITS
-
The defense tactical radio market report provides a quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.
-
The study comprises a deep dive analysis of the defense tactical radio market trend including current and future trends for depicting the prevalent investment pockets in the market.
-
The report provides detailed information related to key drivers, restraints and opportunities and their impact on the defense tactical radio market.
-
The report incorporates competitive analysis of the market players along with their market share in the global defense tactical radio market.
-
The study elaborates SWOT analysis and Porters Five Forces model for the defense tactical radio market.
-
Value chain analysis in the defense tactical radio market study provides a clear picture of the stakeholders’ roles.
KEY MARKET SEGMENTS:
By Type
-
Handheld
-
Vehicle-mounted
By Application
-
Special Operation Force (SOF)
-
Army
-
Navy
-
Air Force
By Geography
-
North America
-
U.S.
-
Canada
-
Mexico
-
-
Europe
-
UK
-
Germany
-
France
-
Italy
-
Russia
-
Rest of Europe
-
-
Asia-Pacific
-
China
-
India
-
Japan
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
RoW
-
Latin America
-
Middle East
-
Africa
-
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Analysis Period |
2021–2030 |
|
Base Year Considered |
2022 |
|
Forecast Period |
2022–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Type (Handheld and Vehicle-mounted), by Application (Special Operation Force (SOF), Army, Navy, and Air force) |
|
Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of APAC), Rest of the World (Latin America, Middle East, Africa) |
|
Companies Profiled |
Thales Group, BAE System, Inc., L3Harris Technologies, General Dynaics Corporation, Barrett Communications, Leonardo S.p.A., Cobham, Raytheon Technologies Corporation, Codan Limited, and Northrop Grumman Corporation |
KEY PLAYERS:
-
Thales Group
-
BAE System, Inc.
-
L3Harris Technologies
-
General Dynamics Corporation
-
Barrett Communications
-
Leonardo S.p.A.
-
Cobham
-
Raytheon Technologies Corporation
-
Codan Limited
-
Northrop Grumman Corporation
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Speak to Our Analyst
