Tactical Radio Market is Forecasted to Reach US$ 11.2 Billion in 2030, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global Tactical Radio Market , which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2024: US$ 7.1 billion

Market Size in 2030: US$ 11.2 billion

Growth (CAGR): 6.0% during 2024-2030

Cumulative Sales Opportunity 2025 to 2031: US$ 67.54 billion

Leading Platform Type: Ground-based

Leading Frequency Type: VHF/UHF

Leading Product Type: Deployed radio

Leading Region: North America

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Tactical Radio Market:

The global Tactical Radio Market is segmented based on product type, end-use industry type, and region.

By Platform Type

Ground-based platform is expected to remain dominant whereas airborne platform will be the fastest-growing platform of the market during the forecast period.

• Based on the platform type, the market is bifurcated into ground-based, naval-based, and airborne platforms.
• Moreover, with the increasing terror threats and border disputes, the demand for ground tactical radios is expected to intensify. For example, in the ongoing Russia-Ukraine war, the Russian military was reportedly using the Chinese-manufactured BaoFeng UV-82HP tactical radios for communication with their military personnel, who were stationed in Ukraine.

By Frequency Type

VHF/UHF is likely to remain the dominant and fastest-growing frequency of the market during the forecast period.

• Based on the frequency type, the market is segmented into HF, VHF/UHF, and VHF/UHF with SATCOM.
• They serve as a reliable source of two-way communication. Similarly, HF tactical radios are generally used for long-range communication, but due to the limited availability of frequency and low bandwidth capacity, they are not used as broadly as their VHF/UHF counterparts. Also, the demand for VHF/UHF radios with SATCOM is quite low as compared to that of HF and VHF/UHF radios as they are quite expensive.

By Product Type

Deployed Radio is expected to remain the dominant and fastest-growing product during the forecast period.

·      Based on the product type, the market is classified as fixed tactical radios and deployed tactical radios.

·      With the increasing demand for effective communication for military personnel (armed forces, air forces, and naval forces) on the move, the deployed tactical radios have gained prominence.

·      The air-to-ground tactical radios, in particular, have witnessed a large demand in recent years to ensure proper multi-domain interoperability.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is expected to remain the largest market during the forecast period. This growth outlook is mainly attributed to the following:

• This is mostly due to the large investments made by the US DoD in tactical radios with the companies: L3 Harris Technologies, Inc., Collins Aerospace, BAE Systems, and Elbit Systems Ltd. Moreover, the US is the largest military spender globally, accounting for more than 1/3rd of the total share.
• In addition, major players in the market have their presence or are headquartered in the US.
• Concurrently, Asia-Pacific is expected to witness the fastest growth in the global tactical radio market during the forecast period.
• The key factors responsible for the swift growth are increased demand for tactical radios by the military forces and a rise in overall military expenditure (especially in China and India).

Tactical Radio Market Drivers:

Some of the key drivers listed in the report are given below.

• With the increasing number of global military operations, the quality of the radios has witnessed a colossal improvement over the years.
• There has been a large procurement of advanced tactical radios from the ground, airborne, and naval forces across the globe, which provide better communication among the different military platforms and result in effective cross-platform interoperability and support.

Competitive Landscape: Top 10 Companies in the Tactical Radio Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

• L3Harris Technologies, Inc.
• Collins Aerospace
• Thales Group
• BAE Systems
• Rohde & Schwarz
• Elbit Systems Ltd.
• General Dynamics Corporation
• Leonardo DRS
• Northrop Grumman
• ASELSAN A.S.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Tactical Radio Market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

-      Airborne Tactical Radio Market

-      Ground Tactical Radio Market

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Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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