Ground Tactical Radio Market to See Strong Expansion Through 2027
August 25, 2022
August 25TH,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Ground 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.
Ground Tactical Radio Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Ground Tactical Radio Market is no different. Derived from the previous market scenario, the Ground Tactical Radio Market is likely to witness an impressive CAGR of 4.4% 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.
Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/2779/ground-tactical-radio-market.html#form
The Ground Tactical Radio Market is segmented by–
- by Device Type (Ground-Ground Tactical Radio and Ground-Air/Ship Tactical Radio)
- by Product Type (Fixed Radio and Deployed Radio [Man-Portable Radio {Handheld Radio and Manpack Radio} and Vehicle-Mounted Radio])
- by Frequency Type (HF, VHF/UHF, and VHF/UHF with SATCOM)
- by Region (North America [The USA, Canada, and Mexico]
Key Players:
- L3Harris Technologies, Inc
- Elbit Systems Ltd
- BAE Systems
- Thales Group
- Rohde & Schwarz GmbH & Co. KG
Regional analysis:
In terms of regions, North America is expected to remain the largest market for ground tactical radios over the forecast period. This is largely attributed to the large focus on the development of soldier effectiveness and efficiency, through the smart soldier programs in the region.
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 ground tactical radio market in the coming years. This is due to the presence of the major companies in the market such as L3Harris Technologies, Inc. and Elbit Systems Ltd. Also, the military expenditure in the USA witnessed significant growth over the past few years and accounts for approximately 40% of the global defense expenditure.
Asia-Pacific is estimated to grow at the fastest pace in the ground tactical radio market in the coming years. This is largely due to China and India, the two most powerful countries in the region, which have increased their military expenditure significantly in recent times and have procured a large volume of ground tactical radios.