Defense Tactical Radio Market is expected to demonstrate a CAGR of 11.7% by 2030

The Global Defense Tactical Radio Market size is estimated to be USD 11.54 billion in 2019 and is predicted to reach USD 38.98 billion by 2030 with a CAGR of 11.7% from 2020-2030. Defense Tactical Radio is an instrument used for the communication in the war fields to get directions, commands and to communicate with other ground troops. Furthermore, increase in wireless communication systems and technological advancement has also developed the communication system on a large scale. This is further expected to develop coupled with various other features in the near future.

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There has been constant development and improvisation in the communication system in the defense sector and it also plays a major role. There has been technological advancement which has led to the further development of tactical radios for communication. Moreover, increased features and better sound quality with various other features are further expected to drive the growth of defense tactical radio market over the forecast period.

The other factors such as small size and lightweight, coupled with wide applications, increased demand of government and public safety with increased demand of wireless communication are expected to drive the growth of market. On the other hand, increase in government investment in telecommunications is expected to create ample opportunities in the market over the forecast period. However, spectrum shortage coupled with limited channel capability is expected to hamper the growth of defense tactical radio market in the near future.

Market Segmentations and Scope of the Study:

The global market share is analyzed on the basis of type, application, and geography. On the basis of type, the market is segmented into Handheld and Vehicle-mounted. On the basis of application, the market is divided into Special Operation Force (SOF), Army, Navy, and Airforce. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America denotes the developed region coupled with the major market share owing to the higher adoption of advanced technology. Furthermore, increase in wireless communication and wide application with advanced features such as better sound quality, geofencing and others are expected to fuel the market growth. Furthermore, high investment in defense and increased in government and public safety are also expected to be the major attributed growth factors.

Asia Pacific is expected to develop rapidly with gradual increase in market share owing to the presence of emerging economies such as India, China, and others. Furthermore, developing technology and coupled with increased demand of effective communication in the war field coupled with increased demand of better safety and increase in investment by government in defense are expected to propel the growth of market.

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The defense tactical radio is highly fragmented and also consists of various market players to sum up the overall market size. Some of the major market players include, General Dynamics, Raytheon Company, Harris, Thales Group, Rockwell Collins, BARRETT Communications, BAE Systems, Codan Radio Communications, Cobham, Leonardo, Radmor, Northrop Grumman, L3 Technologies, Rohde & Schwarz INRADIOS, and Rolta India among others.

There have been various developments taken place over the period of time in the market which are further expected to drive the growth of defense tactical radio market. For instance, in November 2018, Harris Corporation has received National Security Agency (NSA) Type-1 certification for its AN/PRC-163 multi-channel handheld networking radio – bringing groundbreaking capabilities to the war fighter, with the ability for future expansion.