Defense Tactical Radio Market is valued around USD 11.65 Billion in 2019 and expected to reach USD 32.49 Billion by 2030 with the CAGR of 9.70% over the forecast period.
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. 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.
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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.
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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, Barrett Communications, General Dynamics, Thales Group, Raytheon Company, Rohde & Schwarz Inradios, Harris, Rockwell Collins, Bae Systems, Codan Radio Communications, Cobham, Leonardo, Radmor, Northrop Grumman, L3 Technologies, and Rolta India among others.
Key Benefits:
• The defense tactical radio market report provides a quantitative analysis of the current market and estimations through 2020-2030 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.
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