Military Communications Market to Grow Steady at 3.6% CAGR and Projected to Reach US$ 37.67 Billion by 2023 - Seite 2

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Land forces segment is projected to lead military communications market from 2018 to 2023. Communication systems and solutions are widely used by armies, as modern battlefield is a complex environment where large amounts of information are required to flow without disruption, protected from breaches by enemies. Armies mostly use ground-based communication systems to transfer essential information.

Key Target Audience 

• Providers of Military Communications Systems
• System Integrators
• Value-added Resellers
• Vendors of Software Applications
• Vendors of Hardware Applications
• Investors and Venture Capitalists
• Consultants/Advisory Firms

The military communications market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Factors such as technological advancements and rapid economic development in China, India, Russia, and South Korea have helped increase the investments in the Asia Pacific military communication market.

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Asia Pacific military communications market is projected to grow at the highest CAGR from 2018 to 2023. Technological advancements in military communications in Asia Pacific also offer opportunities for the market to grow. The fast-growing economies of the Asia Pacific region are improving their defense capabilities. Countries such as India, Japan, and China and increasing terrorist activities in the region contribute to the growth of the market.

In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the military communications market. 

• By Company Type: Tier 1 -25%, Tier 2 -35%, and Tier 3 -40%
• By Designation: C-Level -45%, Director Level -30%, and Others -25%
• By Region: North America -40%, Europe -45%,RoW -15%

Another research titled report studies global military navigation market is projected to grow from USD 8.87 billion in 2018 to USD 12.07 billion by 2023, at a CAGR of 6.36% from 2018 to 2023. Military forces worldwide are focused on the integration of navigation equipment with aircraft, ships, unmanned systems, missiles, and rockets, which is expected to drive the military navigation market. Some of the key players in the military navigation marketincludeL3 Technologies (US), Esterline (US), GE Aviation (US), Honeywell International (US), Moog (US), Northrop Grumman (US), Raytheon (US), Rockwell Collins (US), Trimble (US), KVH Industries (US), Safran (France), Cobham (UK), Garmin (Switzerland), Thales (France), and IAI (Israel) and it is now available with sample brochure at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1551862 .