Press Release
Business

Military Communications Market 2019 In-depth Analysis & Recent Developments 2023

The Military Communications Market was valued at USD 30.00 billion in 2017 and is expected to reach USD 37.67 billion by 2023, at a compound annual growth rate (CAGR) of 3.6% during 2018-2023, as per a report by MarketsandMarkets.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=66198542

The scope of this report covers the analysis of the military communications market based on communication type, component, application, end user, and region. Rapid adoption of advanced Ka-band satellites for communication services as well as increasing use of Mobile Ad-Hoc Networks (MANETS) are the factors offering growth opportunities to the Military Communications Market. MANETS are being deployed on a large scale due to the increasing use of UAS for both surveillance and military war operations that generate a massive amount of data, which needs to be transferred between command centers and tactical communication networks.

Why Mobile Ad-Hoc Networks (MANETS) is an unravelling opportunity?

In emergency situations, MANETS are preferred as they are wireless networks and can be easily deployed. Compared to GPS, MANETS support built-in geographic location using an extremely accurate form of triangulation, which enables soldiers in a military operation to triangulate the positions of vehicles or devices. MANETS primarily focus on low energy consumption within the network. Devices such as SDRs can reduce the energy consumption within an ad-hoc network as less energy is consumed at the transmitter and receiver nodes. MANETS are being deployed on a large scale due to the increasing use of UAS for both surveillance and military war operations that generate a massive amount of data which needs to be transferred between command centers and tactical communication networks. There is a huge opportunity for MANETS to proliferate rapidly in the military communications market.

Why budgetary constraints remain a challenge?

The adoption of advanced and innovative technologies and products is a constant challenge for militaries due to budgetary limitations and developing skilled personnel. Budget constraints often hinder the adoption of advanced communication systems. Countries in the European Union recovering from economic stress have also shown intentions to cut their respective defense budgets. Countries around the world are exploring and inviting new alternatives in military communications to reduce costs. Presently, the COTS technique is the potential choice for governments to lower costs. Therefore, the military communications industry is shifting from defense suppliers to commercial providers. For instance, the US DoD’s budgets are low; thereby the military will be forced to spend less on communication equipment and other military equipment.

Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=66198542

The declining defense budgets are also driving the trend to upgrade and reconstruct existing platforms rather than spend on new communication equipment development programs. The declining defense budgets of some major economies, such as Saudi Arabia, UK, France, and Germany, would affect the demand for military communication systems in the near future, which, in turn, is acting as a challenge to the growth of the military communications market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/military-communications.asp