Stratview Research, a leading market research firm has launched a report on the Tactical Radio Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
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Tactical radios enable voice and data communication for the armed forces. Over the past few years, tactical communications have gained importance as several militaries across the globe are focused on their individual soldier transformation objectives.
The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.
Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.
Effective tactical communication has become one of the most powerful weapons, hence there has been a growing focus on the development of advanced tactical radios. As a result of the growing terrorism threats and border disputes, several countries are engaged in the strengthening of the defense and offense capabilities of their airborne, ground-based, and naval forces. Thus, the deployment and usage of tactical radios have rapidly been gaining momentum in recent years. There have been several investments in the defense industry directed at tactical radios in recent years, which would boost the overall market. Some of them are:
With the increasing number of global military operations, the quality of the radios has witnessed a colossal improvement over the years. Also, there has been a large procurement of advanced tactical radios from the ground, airborne, and naval forces across the globe, which provide better communication among the different military platforms and result in effective cross-platform interoperability and support.
Stratview Research has segmented the market in the following ways which fulfill the market data needs of multiple stakeholders across the industry value chain.
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Based on the platform type, the ground platform is expected to remain the biggest market for tactical radios in the foreseen future. These radios are frequently used for every ground-based tactical operation and mission. Moreover, with the increasing terror threats and border disputes, the demand for ground tactical radios is expected to intensify.
Based on the product type, deployed tactical radios account for the dominant market share. With the increasing demand for effective communication for military personnel (armed forces, sir forces, and naval forces) on the move, the deployed tactical radios have gained prominence.
Based on the frequency type, VHF/UHF is the most commonly used frequency type for tactical radios. VHF/UHF radios were considered as a breakthrough in the tactical radio market. They serve as a reliable source of two-way communication. Similarly, The HF tactical radios are generally used for long-range communication, but due to the limited availability of frequency and low bandwidth capacity, they are not used as broadly as their VHF/UHF counterparts.
North America is likely to maintain its supremacy in the tactical radio market throughout the forecast period. This is mostly due to the large investments made by the US DoD on tactical radios with the companies: L3 Harris Technologies, Inc., Raytheon Technologies Corporation, BAE Systems, and Elbit Systems Ltd.
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There is stiff competition in the tactical radio market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their tactical radio offerings on the basis of their quality and their penetration in the target and emerging markets. Also, there have been some major mergers and acquisitions in the industry in recent years, which significantly influenced the competitive dynamics. For example:
The overall competitive landscape has been affected as a result of these mergers and acquisitions. The following are the major players in the tactical radio market:
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