In 2023, the military communications market was valued at USD 33.12 billion, and it is expected to grow steadily, reaching USD 60.40 billion by 2032. This represents a compound annual growth rate (CAGR) of 7.2% over the forecast period. The market is expanding due to increased adoption of advanced technologies like SATCOM (satellite communication). North America led the market with a 31.49% share in 2023, thanks to the presence of major defense contractors.

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https://www.fortunebusinessinsights.com/military-communications-market-102696

Report Coverage

It offers a holistic market assessment that includes information on different market segments such as technology, components, platform application, and others. It includes a detailed analysis of the COVID-19 pandemic’s impact on the market. It highlights various strategies adopted by major market players to acquire growth. It showcases the latest industry developments. It highlights market’s growth assessed according to different geographical regions, North America, Europe, Asia Pacific, and the Rest of the World.

Key Players in the Market

• ASELSAN A.S. (Turkey)
• Cobham PLC (U.K.)
• General Dynamics Corporation (U.S.)
• Honeywell International Inc. (U.S.)
• Iridium Communications Inc. (U.S.)
• L3Harris Technologies Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• Raytheon Technologies Inc. (U.S.)
• Rohde & Schwarz (Germany)
• Thales Group (France)
• Viasat Inc. (U.S.)