The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction

The tactical radios market has witnessed rapid growth, fueled by increasing demand for wireless communication, technological advancements, and rising defense expenditure. This article explores the market dynamics, growth projections, and major trends shaping the future of tactical radios.

Current Market Dynamics

• Market Size Increase: From $10.16 billion in 2023 to $11.80 billion in 2024.
• Historic Growth Drivers: Demand for mobile command systems, connected military systems, defense expenditure increase.
• Expected CAGR: 16.1% for the period.

Future Growth Projections

• Projected Market Size: Estimated to reach $21.62 billion by 2028.
• Forecasted CAGR: 16.3%.
• Factors Driving Growth: Utilization of sensors, lightweight handheld radios, tactical ground radios, growing threats of terrorism and border conflicts.

Surge in Wireless Communication Demand

• Key Driver: Increasing demand for wireless communication.
• Advantages: Mobility, interoperability, security, enhanced situational awareness.
• Global Trends: Rising smartphone subscribers, digital transformation, IoT ecosystem expansion.

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Major Players in the Market

• Key Companies: RTX Corporation, General Dynamics Corporation, Motorola Solutions Inc., and more.
• Innovative Developments: Companies focusing on advanced solutions for competitive advantage.

Revolutionizing Beyond-Line-Of-Sight Communications

• Advanced Solutions: Development of solutions like T-TAC for beyond-line-of-sight communications.
• Example: Thuraya’s T-TAC system enabling seamless communication in remote locations via satellite links.

Strategic Acquisitions Driving Growth

• Motorola’s Acquisition of Barrett Communications: Expanding portfolio with HF and VHF radio capabilities.
• Barrett Communications: Specialist in HF and VHF radio systems for strategic and tactical applications.

Market Segmentation

• By Type: Vehicle Mounted, Handheld/Portable.
• By Platform Type: Ground-Based, Naval-Based, Airborne.
• By Application: Army, Navy, Airforce, Land, Special Operation Force (SOP).

North America Leading the Market

• Current Landscape: North America dominates the market.
• Growth Potential: Asia-Pacific expected to witness rapid growth in the forecast period.

Conclusion

The tactical radios market is witnessing significant growth driven by technological advancements, increasing threats to security, and the need for seamless communication in military operations. With major players investing in innovative solutions and strategic acquisitions, the market is poised for further expansion, catering to the evolving needs of defense and military sectors worldwide.

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The Tactical Radios Global Market Report 2024  provides an overview of the tactical radios market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The tactical radios market forecast analyzes tactical radios market size, tactical radios market share, leading competitor and their market positions.

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