Airborne Tactical Radio Market: Global Outlook, Key Developments, And Market Share Analysis | 2022-27
August 25, 2022
August 25TH,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Airborne Tactical Radio Market over the trend period from 2014 to 2019 and forecast period from 2022 to 2027. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Airborne Tactical Radio Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Airborne Tactical Radio Market is no different. Derived from the previous market scenario, the Airborne Tactical Radio Market is likely to witness an impressive CAGR of 6.5% during the forecast period but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
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The Airborne Tactical Radio Market is segmented by–
- by Device Type (Air-Air Tactical Radio and Air-Ground/Ship Tactical Radio)
- by Frequency Type (HF, VHF/UHF, and VHF/UHF with SATCOM)
- by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe]
Key Players:
- BAE Systems
- Raytheon Technologies Corporation
- L3Harris Technologies, Inc.
- Rohde & Schwarz GmbH & Co. KG
- Northrop Grumman
Regional analysis:
In terms of regions, North America is expected to remain the largest market for airborne tactical radios over the forecast period. This is due to the sheer presence of the leading companies in the market such as Raytheon Technologies Corporation, L3Harris Technologies, Inc., Northrop Grumman, and BAE Systems, who are among the prime contractors for the US Department of Defense for airborne tactical radios. In addition, the US Air Force is the supreme air power and the US DoD is extensively investing in airborne communication to mark their dominance.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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Author : Emily
Frequently Asked Questions (FAQs)
North America is estimated to be dominant in the airborne tactical radio market in the coming years as the US Department of Defense is actively pursuing the procurement of advanced air-ground radios in order to strengthen their aerial power and maintain their military dominance.
Asia-Pacific is estimated to grow at the fastest pace in the airborne tactical radio market in the coming years. This is the result of the large procurement and development of airborne tactical radios in recent years, by two super air powers of Asia-Pacific (China and India), coupled with the significant growth in the military expenditure in both countries.