Tactical Radio Market was valued at USD 8.5 Billion in 2022 and is projected to reach USD 12.5 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The tactical radio market has experienced significant evolution between 2018 and 2022, driven by advancements in communication technology and the increasing demand for secure, efficient, and interoperable communication systems in military and defense sectors. The period from 2018 to 2022 saw the adoption of software-defined radios (SDR) and the integration of secure communication systems, catering to the growing need for rapid, on-the-ground communication across various military and paramilitary forces. This demand surge was also fueled by geopolitical tensions, requiring enhanced communication networks for operational success. Global military modernization programs contributed to the growth of the tactical radio market, with nations focusing on boosting their defense communication capabilities, which further pushed the adoption of tactical radios.
By 2023, the tactical radio market is expected to transition towards a more technology-driven era, marked by the rise of 5G networks, artificial intelligence (AI), and Internet of Things (IoT) integration into military operations. The demand from 2023 to 2033 will be largely shaped by technological advancements, such as multi-band radios, advanced encryption methods, and ultra-wideband communication systems. These innovations aim to meet the evolving requirements of defense forces worldwide, especially in remote and high-risk areas. Additionally, the growing focus on cross-border collaboration and the need for joint interoperability between allied forces are expected to drive demand for multi-functional tactical radios capable of seamless integration across different defense platforms. With increasing reliance on unmanned systems, the demand for tactical radios that support these devices will rise significantly.
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Thales Group
L3Harris
Rockwell Collins
BAE Systems
BARRETT Communications
Cobham
Codan Radio Communications
Leonardo
General Dynamics
Radmor
Rohde & Schwarz
Rolta India
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Tactical Radio Market
Special Operation Force (SOF)
Army
Navy
Airforce
Based on Types the Market is categorized into Below types that held the largest Tactical Radio market share In 2023.
Portable and Handheld Radio
Vehicle-Mounted Radio
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Tactical Radio Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Tactical Radio Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tactical Radio Market, By Type
6. Global Tactical Radio Market, By Application
7. Global Tactical Radio Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Tactical Radio Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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