London, UK (PRWEB) September 23, 2015
Security and safety of data and messages plays a key role in military communication. Therefore, companies go in for cost-effective and effective solutions which are expected to help safeguard confidential information. This has resulted in the expansion of the market for the services and products. The market growth is also being fuelled by replacement of old technology with the up-to-date equipment and the availability of emergency communication services which facilitates the delivery of emergency notifications. Moreover, the market is also being driven due to the satellite communication which plays an essential role in providing real-time and accurate information to the military department. The world military communications market value is projected to increase to USD 40.82 billion by end-2020, posting a CAGR of just over 12%.
L-3 Communications, Northrop Grumman, BAE Systems, Thales, General Dynamics, Rockwell Collins, Airbus Group, Harris Corporation, Lockheed Martin Corporation, Alcatel Lucent, and Raytheon are some of the prominent players in the market. The leading players have adopted a range of growth strategies like new product launches, agreements, and M&As to expand their client bases and tap into new markets. The new product launch strategy account for 23% of the overall strategic developments in the world military communications market.
New research study “Military Communications Market by Communication (Airborne, Air-Ground, Underwater Communication), Component (Military Satcom, Radio System, Security System), Application (Command & Control, Situational Awareness) & by Region - Global Forecast to 2020” developed by MarketsandMarkets (M&M) is now available at MarketPublishers.com
Title: Military Communications Market by Communication (Airborne, Air-Ground, Underwater Communication), Component (Military Satcom, Radio System, Security System), Application (Command & Control, Situational Awareness) & by Region - Global Forecast to 2020
Published: September, 2015
Price: US$ 4,650.00
The report canvasses the world military communications market, segmenting it based on communication type, component, application, and by region. The study explores the drivers, limiters, burning issues and opportunities in the market; examines top global trends in the adoption of new solutions; maps the competitive landscape and profiles the major market players with their market shares, products, strategies, and production capabilities; and also provides the outlook for the military communications market worldwide and region-wise. The report presents insights into forthcoming technologies, new product launches, latest developments, R&D activities and investments in the marketplace. An all-round assessment of emerging markets across all regions is included.
Reasons to Buy:
- exhaustive evaluation of the current market, and also its historical performance;
- deep and unprejudiced analysis of each individual market segment and sub-segment;
- extensive market analysis across the key geographies;
- detailed look at the market dynamics;
- comprehensive insights into the global industry trends;
- analysis of the competition plus an overview of the leading companies;
- granular market size estimates and forecast figures;
- and more.
More studies by the publisher can be found at MarketsandMarkets page.