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(MoneyNewsWire.Net, May 19, 2018 ) The tactical communication market is estimated to be valued at USD 8.62 Billion in 2016, and is projected to reach USD 18.53 Billion by 2021, at a CAGR of 16.52% from 2016 to 2021. Tactical communication systems are increasingly being deployed to support multiple missions which include target acquisition and battle damage assessment apart from ISR and border security missions as well as wide area surveillance in the battlefield.
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On the basis of platform, the tactical communication market has been segmented into airborne, shipborne, land-based, and underwater systems. The underwater tactical communication systems segment in the tactical communication market is projected to grow at the highest CAGR during the forecast period.
On the basis of type, the tactical communication market has been segmented into soldier radio, manpack radio, high capacity data radio (HCDR), and vehicular intercommunication radio (VIC), among others. The vehicular intercommunication radios (VIC) segment dominates the market in terms of market size, and is expected to continue its dominance over the next five years. However, the manpack radios segment is projected to grow at the highest CAGR during the forecast period.
On the basis of technology, the tactical communication market has been segmented into time-division multiplexing (TDM) and next-generation network (NGN) based tactical communication systems. The NGN tactical communication systems segment is projected to witness the highest CAGR during the forecast period.
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The tactical communication market in the Asia-Pacific (APAC) region is expected to witness the highest growth rate during the forecast period 2016 to 2021. Countries in the APAC region have been increasing their defense spending and are focusing toward strengthening their communications capabilities by procuring advanced tactical communication systems. This poses a huge market opportunity for tactical communication systems manufacturers.
The growth of the tactical communication market is expected to be restrained by factors such as issues related to ensuring seamless connectivity in a limited bandwidth.
Several major defense players are present in the tactical communications market. Some of these players include Northrop Grumman Corporation (U.S.), General Dynamics C4 Systems (U.S.), Raytheon Company (U.S.), Thales (France), Harris Corporation (U.S.), and Ultra Electronics Advanced Tactical Systems Inc. (U.K.), among others. Harris Corporation (U.S.) is one of the top companies profiled for the global tactical communication market. The company has been focusing on securing government contracts to achieve growth in the market. It also has a diverse product portfolio and invests hugely in research and development.
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