The North America Tactical Communication Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
In order to enhance their market share and broaden their geographic reach, the companies in the tactical communication market have also used alliances, investments, and product releases. The growing trend of asymmetric warfare, including weapons of mass destruction, terrorism, financial crime, and cyber-attacks, is forcing the military to expand its tactical communication capabilities.
The COVID-19 pandemic has resulted in numerous nations and companies operating in the tactical communication market signing various contracts and agreements, which has caused the tactical communication industry to consistently grow. Moreover, the pandemic affected imports, demands, and industrial trends, which had an economic impact on industrial patterns. As a result, the market for tactical communication will continue to increase as society moves closer to the cutting edge of communication, security, and safety.
The use of space capabilities gives the United States and its allies hitherto unheard-of benefits in terms of military operations, homeland security, and political decision-making. While a small number of private businesses have led the most recent space research initiatives, there are currently debates on adding the Space Force as the US military's sixth branch. In the projection years, this is expected to motivate public sector investments in space technologies.
The US market dominated the North America Tactical Communication Market by Country in 2,021, and would continue to be a dominant market till 2,028; thereby, achieving a market value of $9,018.4 million by 2,028. The Canada market is poised to grow at a CAGR of 10.9% during (2,022 - 2,028). Additionally, The Mexico market would witness a CAGR of 10% during (2,022 - 2,028).
Based on Technology, the market is segmented into VHF/UHF/L-Band, SATCOM, HF Communication and Data Link. Based on Platform, the market is segmented into Ground, Airborne, Naval and Space. Based on Component, the market is segmented into Hardware and Software. Based on Application, the market is segmented into Command & Control, Intelligence, Surveillance & Reconnaissance (ISR), Situational Awareness and Routine Operations. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Tactical Communication Market is Estimated to reach $33.1 Billion by 2028, at a CAGR of 9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., Raytheon Technologies Corporation, General Dynamics Corporation, BAE Systems PLC, L3Harris Technologies, Inc. (L3Harris WESCAM), Lockheed Martin Corporation, Northrop Grumman Corporation, Cobham Limited (Eaton Corporation PLC), Rohde & Schwarz GmbH & Co. KG, and Viasat, Inc.
By Technology
By Platform
By Component
By Application
By Country
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