Sellbyville, DE -- (SBWire) -- 04/29/2019 --Tactical Communications Market accounted for a revenue of over USD 30 billion by 2024. Large scale construction and industrial activities across the world, primarily in the South-East Asia region, are anticipated be a major factor contributing to the growth of the tactical communications market. The World Health Organization states that sounds above 85 dB are harmful. In construction, mining, and aviation sites, the noise generated can range above 90 db. In such a case, prolonged exposure can result in permanent noise-induced hearing loss. Governments of various economies have initiated regulations to protect the workforce. For instance, the Control of Noise at Work Regulations 2005 in the U.K ensures the protection of worker's hearing from excessive noise levels and states that employers are prohibited from exposing their workers to above 87 dB.
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Increasing instances of conflict and rising crime rates is causing governments to increase their military and public safety expenditure. For instance, in light of intense conflict in Nigeria, the Boko Haram is spending vast amounts of money on modern military gear to continue operations in this region. There is high emphasis on the replacement of legacy technologies with advanced and wireless communication systems. Wireless audio systems eliminate the inconvenience of wires and allow greater movement, aiding in tactical communications market growth.
The headsets segment of the tactical communications market is anticipated to have the highest CAGR during the forecast timeframe. These devices provide efficient transfer of information and noise cancelling abilities. The growing emphasis on compact, lighter audio systems that allow military and police personnel more flexibility and low additional weights is projected to contribute to the high adoption of the tactical communications industry.
The public safety applications in the tactical communications market dominated in terms of revenue share in 2016. This is attributed to the demand for covert and continuous communication channels during critical mission operations. Technological innovations such as magnetic ear canal technology allows for clear two-way communications in stealth and covert situations and are majorly adopted for usage by undercover operators and officers in the secret task forces.
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The construction segment of the tactical communications market is anticipated to exhibit substantial growth. Construction workers are mandated to wear protective headsets along with hard helmets on-site. Information exchange can be severely hindered in a noisy environment and miscommunication can result in heavy losses. Massive construction projects undertaken by the U.S government and commercial sector such as the development of Vista Tower in Chicago, Orlando International Airport expansion, One Vanderbilt in New York, and The Independent in Austin will require the employment of a large workforce leading to the growth of the tactical communications industry.
Rapid growth of the industrial sector in the Asia Pacific region is a major factor contributing to tactical communications market demand. Furthermore, several economies in this region are increasing their military spending and investing heavily in the development and procurement of safe communication channels and protective gear. For instance, India is increasing their military spending by approximately 6% during the fiscal year 2017 and is also contracting the development of tactical communication systems to local organizations such as Bharat Electronics Limited (BEL) under the 'Make in India' program.
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Extensive investments in R&D programs are expected to have a commendable impact on the product landscape of tactical communications market. Having recognized the same, firms such as Bose Corporation, TEA Headsets, FreeLinc Technologies Incorporation, and INVISIO Communications have been pouring in their finances in research and development activities. Bose Corporation, for instance, recently invested quite some amount to develop headsets for the aviation sector in order to provide excellent Bluetooth audio quality and personalized audio arrangement. In effect, tactical communications industry stands to gain an appreciable momentum in the years ahead, with a target revenue of over USD 30 billion by 2024.
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Tactical Communications Market 2017 Size by Product, Application, Regional Outlook and Growth Potential Analysis Till 2024
The tactical communications market has penetrated industrial verticals such as oil and mining, logistics, and manufacturing, which generate high noise during normal operation