Tactical Radio Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Tactical Radio Market Growth and Trends
The advancements in technology and the increase in the demand for swift communication services has majorly contributed to the increase in the tactical radio market growth. Developments in wireless communication technology is another factor contributing to the market growth. Moreover, tactical radio communication offers superior quality, emergency tracking, and geofencing which contributes to the increase in the market demand.
Tactical radio communication is extensively used in the defense and the military sector as it ensures highly quick, reliable, and effective communication which is required to be alert and vigilant at the borders and this is a key factor contributing to the high market demand. Also, the progress and developments in the manufacturing of the equipment such as noise-canceling features and improved connectivity have an impact on the high market trend. The application of tactical radio in various sectors, especially in the government sectors in order to communicate about public safety has resulted in an increase in the demand for tactical radios. Huge government investments in the telecom industry are all set to accelerate the growth of the tactical radio market growth. Tactical radios are comprehensively used in the construction industry and the increase in the demand for the construction of residential buildings, office spaces, and shopping spaces has facilitated the use of tactical radio communication which has resulted in the increased market demand.
The limitations hindering the tactical radio market growth are information overhead and an extremely high chance of the equipment getting hacked by the enemies.
The market growth of tactical communications in the future will be fuelled by significant emphasis on providing protective equipment and the requirement of constant communication in several sectors. Tactical radio features superior sound quality, geofencing, and emergency tracking, which drive the market as it facilitates effective communication. Its application in government operations and public safety foster subsequent rise in demand for wireless communication which helps in providing secured and noise-free information to end users, thus fuelling the market growth. A rise in the need for lightweight and small handheld radio is one of the primary trends that is expected to boost its market growth in the future. Moreover, increase in demand for tactical radio in the emerging market alongside positive vision of governments through investment in the telecommunication sector are most likely to bring about lucrative opportunities in the coming years. Increased demand for faster communication and advancement in wireless communication technologies fuels the growth of the global tactical radio market to a large extent. Several public safety communication networks are transitioning to broadband solutions which implement LTE, IP WAN for first-responder radio networks, and video surveillance, which further triggers the demand for better efficiency and upgradation of public safety communication networks. Headphone technology is integrated into helmets to provide increased protection to construction and industrial workers. Furthermore, the availability of headphones featured by noise cancellation features that can fade out ambient sounds and protect the user’s hearing capability is a major factor contributing to the growing demand for earphones/in-ear tactical headsets. The adoption of tactical radio for special operation forces continues to foster growth of its market.
The growth of the tactical communication market could be hindered by factors such as inconvenience related to ensuring seamless connectivity within a limited bandwidth, a shortage of spectrum, and limited channel capability.
Tactical Radio Market Regional Analysis
Tactical Radio Market Share and Competition
Key companies operating in this industry are: Thales Group, L3Harris, Rockwell Collins, BAE Systems, BARRETT Communications, Cobham, Codan Radio Communications, Leonardo, General Dynamics, Radmor, Rohde & Schwarz and Rolta India.
Tactical Radio Market Research Report Analysis Highlights
- Historical data available (as per request)
- Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
- Data breakdown for every market segment (2020 – 2027)
- Gross margin and profitability analysis of companies
- Price analysis of each product type
- Business trend and expansion analysis
- Import and export analysis
- Competition analysis/market share
- Supply chain analysis
- Client list and case studies
- Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
- Portable and Handheld Radio
- Vehicle-Mounted Radio
Application Analysis (Revenue, USD Million, 2020 - 2027)
- Special Operation Force (SOF)
- Army
- Navy
- Airforce
Region Analysis (Revenue, USD Million, 2020 - 2027)
- United States
- Canada
- Mexico
- France
- Germany
- Italy
- Spain
- United Kingdom
- Russia
- China
- India
- Philippines
- Malaysia
- Australia
- Austria
- South Korea
- Middle East
- Japan
- Africa
- Rest of World
Tactical Radio Market Companies
- Thales Group
- L3Harris
- Rockwell Collins
- BAE Systems
- BARRETT Communications
- Cobham
- Codan Radio Communications
- Leonardo
- General Dynamics
- Radmor
- Rohde & Schwarz
- Rolta India
Available Versions:-
United States Tactical Radio Market Research Report
Europe Tactical Radio Market Research Report
Asia Pacific Tactical Radio Market Research Report
India Tactical Radio Market Research Report
