The global military communications market size is anticipated to reach USD 60.40 billion by 2032 and exhibit a CAGR of 7.2% during the forecast period. The rising adoption of wireless communication technology for various military applications is expected to boost the growth of the market. Fortune Business InsightsTM has presented this information in its report titled, “Military Communications Market, 2024-2032”. The market size stood at USD 33.12 billion in 2023 and USD 34.74 billion in 2024. North America dominated the military communications market with a market share of 31.49% in 2023.

Additionally, the increasing adoption of satellite communication technology or SATCOM technology is anticipated to be a key trend stimulating market growth.

Informational Source

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

List of Key Market Players:

• 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.)
• BAE Systems PLC (U.K.)