Military Communications Market a $40 Bn Opportunity, According to a New Study on ASDReports
The report, now available on ASDReports, indicates that the military communications market will account for over $40 Billion in revenue by 2020.
Armed forces throughout the globe rely on communication systems to enable information sharing and securely stay in constant contact. The role of these systems continues to grow in importance, with new mission areas such as the control of unmanned vehicles and time-critical targeting heavily reliant on network connectivity.
The Military Communications Market: 2015 - 2030 - Opportunities, Challenges, Strategies & Forecasts
Despite pressures on overall defense expenditure, a universal trend towards network centric warfare combined with an unstable geopolitical landscape, is continuing to drive significant investments in military communications. The market is expected to account for over $40 Billion in revenue by the end of 2020, with investments ranging from the adoption of multi-band and multi-mode tactical radio systems, to the integration of ad hoc networking platforms in unmanned vehicles.
The “Military Communications Market: 2015 – 2030 – Opportunities, Challenges, Strategies & Forecasts” report presents an in-depth assessment of the military communications ecosystem including key trends, market drivers, challenges, enabling technologies, regional investment landscape, submarkets, leading applications, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents market size forecasts for military communications from 2015 through to 2030. The forecasts are segmented for 6 submarkets, 3 service branch classifications, 5 regions and 50 leading countries.Military organizations worldwide are increasingly moving away from proprietary, one-off, unique communication systems that are expensive in favor of similar, and often more advanced, systems readily available in the commercial marketplace at reduced costs from a variety of vendors.
The report will be of value to current and future potential investors into the military communications market, as well as armed forces, system integrators and vendors who wish to broaden their knowledge of the ecosystem.
Source : ASDReports - Market Research - view original press release