Oct 8, 2021   SOURCE: BusinessWire

$32.5 Billion Global Defense Tactical Radio Market Outlook, 2030 - Handheld vs Vehicle-Mounted Radio Shares and Profiles of Leading Players - ResearchAndMarkets.com

The "Defense Tactical Radio Market by Type, by Application- Global Opportunity Analysis and Industry Forecast, 2021 - 2030" report has been added to ResearchAndMarkets.com's offering.

The Global Defense Tactical Radio Market valued USD 11.67 billion in 2021, is predicted an elevation up to USD 32.49 billion by 2030, registering a CAGR of 12.1%. Defence Tactical Radio is an instrument used for the communication in the war fields to get directions, commands and to communicate with other ground troops.

According to the report, the rise in awareness about emergency tracking & geo fencing and increasing emphasis on establishing clear communication with the soldiers on the field are important factors driving the overall defence tactical radio market growth.

Additionally, increasing is emphasis on need for lightweight and small military handheld radio and huge demand for noise free communication systems having their applications in military and navy are also expected to be the recent defence tactical radio market trends which are likely to create growth opportunities during the forecast period.

Market Segmentation

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.

Key Topics Covered

1. Introduction

1.1. Report Description

1.2. Who Should Read this Report

1.3. Key Market Segments

1.4. Research Methodology

2. Defense Tactical Radio Market - Executive Summary

2.1. Market Snapshot, 2019-2030, Million USD

3. Porter's Five Force Model Analysis

3.1. Bargaining Power of Suppliers

3.2. Bargaining Power of Buyers

3.3. Degree of Competition

3.4. Threat of Substitute

3.5. Threat of New Entrants

4. Market Share Analysis

4.1. Market Share Analysis of Top 5 Defense Tactical Radio Providers, 2020

5. Market Overview

5.1. Market Definition and Scope

5.2. Market Dynamics

6. COVID-19 Analysis

6.1. COVID-19 Outbreak

6.2. Supply Chain Disruption due to COVID-19 Pandemic

6.3. Impact of COVID-19 on Defense Spending

7. Global Defense Tactical Radio Market, by Type

7.1. Overview

7.2. Handheld Radio

7.3. Vehicle-Mounted Radio

8. Global Defense Tactical Radio Market, by Application

8.1. Overview

8.2. Special Operation Forces (SOF)

8.3. Navy

8.4. Air Force

8.5. Army

9. Global Defense Tactical Radio Market, by Region

9.1. Overview

9.2. North America

9.3. Europe

9.4. Asia-Pacific

9.5. Rest of World

10. Company Profiles

10.1. Thales Group

10.2. Bae System, Inc.

10.3. L3Harris Technologies

10.4. General Dynamics Corporation

10.5. Barrett Communications

10.6. Leonardo S.p.A.

10.7. Cobham

10.8. Raytheon Technologies Corporation

10.9. Codan Limited

10.10. Northrop Grumman Corporation

For more information about this report visit https://www.researchandmarkets.com/r/4ucrlj