Tactical Radios Market: Global Demand Analysis & Opportunity Outlook 2036


Posted February 6, 2024 by abhimanyush30

Analysis of Tactical Radios Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~13% During 2024-2036 and Attain ~USD 165 Billion by 2036

 
Research Nester’s recent market research analysis on “Tactical Radios Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global tactical radios market in terms of market segmentation by type, platform type, application, and by region.
Growing Demand in Constant Communication and Secure Device to Promote Global Market Share of Tactical Radios
The global tactical radios market is estimated to grow majorly on account of the increased demand for constant communication and secure devices. In the future, the growth of the tactical communication market will be accelerated by the significant investment in the provision of defense equipment and the demand for constant communication in several sectors.
Moreover, the tactical radio has excellent sound quality, geofencing, and emergency monitoring, leading the market because it facilitates effective communication. Its application in government functions and public safety will contribute to the subsequent increase in demand for wireless communication, which will help provide secure and noise-free information to end users, fueling market growth. The increasing demand for lightweight and small portable computers is one of the major trends expected to boost the growth of the market in the future.
Some of the major growth factors and challenges that are associated with the growth of the global tactical radios market are:
Growth Drivers:
• Surge in Demand in Military Sector
• High Demand for Mobile Command System
Challenges:
The tactical radios need to be able to operate in a variety of harsh environments comprising extreme heat, cold, and moisture. This can be a challenge for designers and manufacturers. Besides this, operational issues of tactical radios and their high cost are some of the major factors anticipated to hamper the global market size of tactical radios
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By application, the global tactical radios market is segmented into army, navy, air force, land, special operation force. The land segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Communication solutions of a smaller form factor that enhance mobility, such as the manpack radio, have been developed in response to growing demands for secure communications from land-based forces on movement. Such as, in April 2021, L3Harris Technologies declared that its Falcon III AN/PRC-117G manpack radios were chosen by the German Ministry of Defence for the German Army.
By region, the North American tactical radios market is to generate the highest revenue by the end of 2036. Canada intends to make significant investments over the next few years in procuring portable communication systems. The growth of the market in North America is projected to be driven by those modernization plans, with a view to improving the capacity of military forces in the region.

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This report also provides the existing competitive scenario of some of the key players of the global tactical radios market which includes company profiling of Northrop Grumman,Thales Group, General Dynamics Corporation, Raytheon Technologies Corporation, L3Harris Technologies, Inc., BAE Systems, Iridium Communications Inc., Viasat, Inc., Codan Limited.,, and others.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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AJ Daniel
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Contact Email [email protected]
Issued By AJ Daniel
Country United States
Categories Electronics
Tags tactical radios market , electronnics , smart devices
Last Updated February 6, 2024