Tactical Radio Market Projected to Grow at a Steady Pace During 2022-2027
May 10, 2022
May 10th ,2022/ -- This new report from Stratview Research analyses the Tactical Radio Market over the trend period from 2016 to 2021 and forecast period from 2022 to 2027. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Tactical Radio Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Tactical Radio Market is no different. Derived from the previous market scenario, the Tactical Radio Market is estimated to grow at a decent CAGR of 4.9% during the forecast period to reach a value of US$ 8 Billion in 2027.
Key Players:
- L3Harris Technologies, Inc.
- Raytheon Technologies Corporation
- Thales Group
- BAE Systems
- Rohde & Schwarz GmbH & Co. KG
The Tactical Radio Market is segmented by–
- by Platform Type (Ground Platform, Airborne Platform, and Naval Platform),
- by Product Type (Fixed Radio and Deployed Radio [Man-Portable Radio {Handheld Radio and Manpack Radio} and Vehicle-Mounted Radio]),
- by Frequency Type (HF, VHF/UHF, and VHF/UHF with SATCOM),
- by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).
Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/2778/tactical-radio-market.html#form
Regional analysis:
In terms of regions, North America is likely to maintain its supremacy in the tactical radio market throughout the forecast period. This is mostly due to the large investments made by the US DoD on tactical radios with the companies: L3 Harris Technologies, Inc., Raytheon Technologies Corporation, 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 of the market have their presence or are headquartered in the US.
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Author : Emily
Frequently Asked Questions (FAQs)
The tactical radio market is estimated to grow at a CAGR of 4.9% in the coming five years.
Asia-Pacific is estimated to grow at the fastest pace in the tactical radio market in the coming years. This is largely because of the large focus on the procurement and development of tactical radios for the military personnel along with the immense growth in the military expenditure of two regional superpowers (China and India) in recent times.