US: Research and Markets has released a new report called ‘Global Military Communications (SATCOM Terminals, Commercial off The Shelf (COTS), Military Communication Security, Tetra Radio, JTRS, Software Defined Radio, Radio, Tactical) Market – Forecasts to 2019’. The report reveals that technologies such as Mobile User Objective System (MUOS) will soon provide secure mobile network communication globally. The future perspective of growth in military communications is expected to be positive, considering the rise in demand for new technologies and updated communication techniques.
NA is expected to continue as the leader in regional market share, followed by the APAC region. The global military expenditure is estimated to cross trillions, as large investments are made every year by federal governments, who are willingly to adopt innovative communication solutions within the government departments. APAC is expected to be the fastest growing region. Due to budget cuts, Europe is expected to grow after a delay of some years by overcoming economic issues. There is intense competition in the market due to the presence of big players. Market leaders such as Rockwell Collins, Harris Corp, Thales, and General Dynamic s have diversified their business by providing integrated products and winning new contracts and strategic alliances. The report estimates that the companies will invest in the military communications market at an optimistic rate in the coming years, despite the significant budget cuts, economic limitations, and potential technological challenges. With the advancement in the number of handheld products and technologies such as Software Defined Radio (SDR) and with the launch of AEHF band satellite systems with techniques to provide secure and fast communication, the market for related products are expected to have an exponential increase with the latest data links and technologies.
Source: Research and Markets