In the military and defense sector, tactical radio communication is majorly used to convey commands in the battlefield from one person to other. Defense tactical radio includes delivery of information through verbal, written, visual, or auditory medium. In modern times, it is usually transmitted through an electronic medium. Factors such as providing secured and noise free information to end users, rise in need for lightweight and small military handheld radio are identified as key trends that are expected to boost the market in the future.
The defense tactical radio market is analyzed and estimated in accordance with impacts of drivers, restraints, and opportunities. It also includes study of region wise growth prospects of the market. Porter's five forces analysis determines impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth. The period studied in this report is 2020–2030, wherein the forecast period is 2021–2030.
Presently, product launch strategy drives the market for defense tactical radio. Most companies analyzed in the report are adopting product launch strategy in the market. Increase in adoption of smart technology is a key contributor for emergence of the defense tactical radio market globally.
Segment Overview
The defense tactical radio industry is segmented into type, application, and region. Based on type, it is categorized into handheld and vehicle-mounted. On the basis of application, it is bifurcated into special operation force (SOF), army, navy and air force. Based on region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key players mentioned in the report are BAE Systems, BK Technologies, General Dynamic Corporation, Hytera Communications, ICOM Inc, L3 Harris Technologies, Leonardo S.P.A., MCS Digital, Motorola Solutions, and Thales Group. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
Key Benefits for Stakeholders
- This study comprises analytical depiction of the defense tactical radio market growth, opportunity, current trends, and future estimations to depict imminent investment pockets
- The overall the defense tactical radio market analysis is determined to understand profitable trends to gain a stronger foothold
- The report presents information related to key drivers, restraints, the defense tactical radio market trends, and opportunities with a detailed impact analysis
- The defense tactical radio market outlook forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency
- The Porter’s five forces analysis illustrates potency of buyers and the market share of key vendors
- The report includes the market trends and the defense tactical radio market share of key vendors
Key Market Segments
By Type
- Handheld
- Vehicle-Mounted
By Application
- Special Operation Force (SOF)
- Army
- Navy
- Airforce
By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- Amkor Technology
- Taiwan Semiconductor Manufacturing Company
- ASE Group
- AT & S
- General Electric
- Infineon
- Fujikura
- MicroSemi
- TDK-Epcos
- Schweizer
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Table of Contents
Executive Summary
According to a recent report titled, “Defense Tactical Radio Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030”. The global defense tactical radio market size was valued at $9.46 billion in 2020, and is projected to reach $26.59 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030.The global defense tactical radio market is characterized by the presence a lot of local and international market players. The analysis illustrates the share of the prominent companies operating in the market. These companies tend to expand their market presence by adopting strategies such as acquisitions, partnerships, and product launches.
Tactical radio devices are primarily used in government, defense, public safety, and law enforcement organizations for effective communication services. Tactical radio devices are also increasingly being used in construction, manufacturing, transportation, and other commercial sectors for collaboration of workforce and to monitor assets as well as personnel. Rapid development in the commercial sector is progressively using low-cost digital medium of tactical radio driving the defense tactical radio market growth.
Europe is expected to exhibit moderate growth during the forecast period, owing to increasing demand for tactical radio from defense and public safety sectors. Use of tactical radio is gradually increasing in sectors such as transportation, construction, and hospitality. It is widely used for effective communication and provides enhanced services to users. The players in the market are developing high-quality and low-cost tactical radios to cater to small industries in the region. Europe primarily uses tactical radio in its defense and public safety sectors. These sectors use tactical radio for effective communication in times of terrorist attacks, fire, as well as during natural disasters, such as earthquakes, cyclones, and other calamities. Use of tactical radio enables first responders to provide safety to citizens and maintain peace in the region.
COVID-19 Impact Analysis
COVID-19 has caused the overall semiconductor industry to mobilize quickly and make short-term decisions with long-term implications. Semiconductor companies operate in a complex ecosystem, working across the value chain with numerous raw materials, assembly, test, package, and equipment suppliers & partners across the globe.
Demand from the IT & telecommunication segment is expected to increase, owing to factors such as rise in broadband usage, higher demand for cloud services, and video streaming. In addition, in the medium to long term, COVID-19 is expected to further propel the need for digital transformation and technologies, such as 5G, IoT, AI, and intelligent edge computing for future optimization.
The manufacturing sector witnessed severe loss; thus, no new orders have been placed during the pandemic. In addition, this impact is estimated to continue till 2021. Moreover, international consumers in defense tactical radio industry are in a very weak state, owing to lockdown imposed to tackle the pandemic. Although the defense tactical radio market trends in the U.S. and Europe witnessed mild recovery in the second half of 2020, they are still significantly down on pre-crisis levels. Therefore, the defense tactical radio market growth is facing major obstacles after emergence of the COVID-19 pandemic.
The pandemic is impacting production process of several industries, including semiconductor and electronics. Trade barriers are further constraining demand and supply outlook. The overall production process is adversely affected as governments of different countries have already announced total lockdown and temporary shutdown of industries.
Key Findings Of The Study
- The handheld radio segment is expected to generate the highest revenue during the defense tactical radio market forecast period
- The special operation forces segment is expected to generate the highest revenue during the forecast period
- North America is expected to register the highest revenue during the forecast period
- The key players mentioned in the report are BAE Systems, BK Technologies, General Dynamic Corporation, Hytera Communications, ICOM Inc, L3 Harris, Leonardo S.P.A, MCS Digital, Motorola Solutions, and Thales Group These key players have adopted several strategies, such as new product launch & development, acquisition, partnership & collaboration, and business expansion, to increase their footprint in the defense tactical radio industry during the forecast period
Companies Mentioned
- BAE Systems
- BK Technologies
- General Dynamic Corporation
- Hytera Communications
- ICOM Inc
- L3 Harris
- Leonardo S.P.A.
- MCS Digital
- Motorola Solutions
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 215 |
Published | February 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 9.46 billion |
Forecasted Market Value ( USD | $ 26.59 billion |
Compound Annual Growth Rate | 10.9% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |