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The Military Communications market is expected to grow from USD 30 billion in 2018 to USD 38 billion by 2026, at a CAGR of 3.4% during the forecast period.
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Military Communications Market to Reach USD 38 Billion By 2026 www.reportsanddata.com
Market Summary The Military Communications market is expected to grow from USD 30 billion in 2018 to USD 38 billion by 2026, at a CAGR of 3.4% during the forecast period. Increasing demand for military communications security, the necessity of advanced communication equipment and the fact that rise in the disputes between countries, leads to rise in demand of military communication solutions and the necessity of advanced communication equipment are some of the driving factors of the market. Governments of all countries are majorly focusing on adopting advanced technologies for enhanced communication efficiency for improved security. The issues faced by different militaries or agencies in interoperability and cooperation with each other may restrain the market growth of military communication. This is due to the fact that using similar communication equipment globally is not feasible. Read More @ https://www.reportsanddata.com/report-detail/military-communications-market
Market Summary Key players include Nestle General Dynamics (US), BAE Systems (UK), Cobham (UK), Aselsan (Turkey), Elbit Systems (Israel), Harris (US), Inmarsat (UK), Iridium Communications (US), Kongsberg (Norway), Kratos Defense & Security Solutions (US), L3 Technologies (US), Israel Aerospace Industries (Israel), Leonardo (Italy), Systematic (Denmark) Communication type Outlook (Revenue, USD Million; 2018–2026) Military Satcom Systems, Military Radio Systems, Military Security Systems, Communication Management Systems Component Outlook (Revenue, USD Million; 2018–2026) Military Satcom Systems, Military Radio Systems, Military Security systems, Communication systems End user application (Revenue, USD Million; 2018–2026) Command & control, Routine operations, Situational Awareness, Others
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