Defense tactical radio market expected CAGR is 10.8% during (2020-2030)

Tactical radio communication is widely used among the defense and military sector to communicate directions over the battlefield among the forces. Defense tactical radio is an emerging technology, which features such as enhanced quality,  geofencing, and emergency tracking of field force,. In addition, technological advancements have led to the development of next gen defense tactical radios which are lightweight, smaller in size, and less expensive. Therefore, the use of defense tactical radio is expected to witness significant growth in the coming years.

The global defense tactical radio market is expected to grow at a CAGR of 12.0% during 2020-2030, a per new report published by Decision Foresight.

Defense Tactical Radio is expected to grow at a CAGR of 10.8% during the forecast period at a CAGR of (2020-2030)

According to the report, increase in need of effective communication at the battle field, demand for wireless communication, significant government spending on defense and military sector, new product launches are the key drivers of the global defense tactical radio market. However, low spectrum range and limited channel capability restricts the market. Rising need for lightweight and small handheld radio is identified as one of the key factors that will boost the growth of the defense and tactical radio market during the forecast period. Lightweight tactical radio prevents soldiers from carrying heavy equipment and supplies over long distances during missions. In response to this, various tactic radio manufacturers are engaged in developing the new products to cater to the requirements. For instance, in March 2019, goTenna, one of the leading communication systems companies, launched goTenna Pro X for its military operations. Apart from military operations, it also has been approved for use in Special Operations Force, law enforcement, wildland firefighters. Also, in March 2017, the company launched goTenna Pro, an easy to carry professional grade networking radio for military applications.

In 2019, handheld tactical radio is projected to account for the largest share of the global defense tactical radio, by type. Growing concerns related to security of military communications and the need to modernize and replace aging communication equipment, are the key factors attributed for the growth of this market segment.

The global defense tactical radio market is witnessing public private partnerships, which is further expected to fuel the market growth. For instance, in November 2019, Barrett Communications have recently received a multiyear contract to provide with its Barrett PRC-2080 very high frequency (VHF) radio communication systems to the Canadian National Defense Department (DND). In January 2019, Harris Corporation received a contract worth USD 75 million from the US Marine Corps to provide MUOS SATCOM upgrade for tactical radios. Also, in August 2020, Cobaham received a contract worth ￡64 million from the UK Home office. As a part of this contract, Cobaham will provide RT-7000 tactical radio to the UK emergency services network aircraft communication program (ESMCP).

The key players operating in the global defense tactical radio market are BAE Systems Inc.,Barrett Communications Pty.Ltd, Cobham plc, Codan Limited, General Dynamics Corporation, Harris Corporation, Leonardo S.p.A, Raytheon Company, Rockwell Collins Inc., and Thales S.A.

Browse key industry insights, market data tables & figures from the report, “Defense Tactical Radio Market Size By Type (Handheld, and Vehicle-mounted) and Application (Special Operation Force (SOF), Army, Navy, and Air force), and Region (US, Canada, Mexico, Germany, UK, France, Japan, China, India, and Rest of the World), Growth potential, Price Trends, Competitive  Market Share & Forecast, 2020-2030”

Market Segmentation

This research report segments the global defense tactical radio market is segmented into type, application, and region.

By Type

• Handheld
• Vehicle-mounted

By Application

• Special Operation Force (SOF)
• Army
• Navy
• Air force

By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Latin America
  • Middle East
  • Africa