The global defense tactical radio market was valued at $7.978 billion in 2016 and is expected to reach $17.87 billion by 2023, at a CAGR of 11.9% from 2017 to 2023.
Portland, OR -- (SBWIRE) -- 06/14/2018 -- In the military, defense tactical radio communication is used to convey commands and reports over a battlefield from soldier to soldier. The increased demand in defense tactical radio is due to its compact size, reliability, and low cost. The army has incorporated non-developmental item (NDI) acquisition strategy to secure new models of radio, which has boosted the global defense tactical radio market.
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Drivers and Restraints:
The global defense tactical radio market is driven by increased demand for faster communication and advancement in the wireless communication technologies. Moreover, the superior quality, emergency tracking, and geofencing has boosted the market. The latest technology uses command and control (C2) domain, which enables a reliable and quick communication with better coordination. However, there are several reasons that hinders the growth of the global defense tactical radio market including the susceptibility of equipment to hacking by enemies. However, numerous manufacturers try to remedy the problems to improve the performance of the devices.
Key Benefits of the Defense Tactical Radio Market report:
The report offers a detailed analysis of the global defense tactical radio market and provides market estimations between 2016 and 2023.
An in-depth study of key drivers, challenges, and opportunities is provided, which imparts the knowledge of various aspects affecting the market.
The quantitative study of the market trends from 2016 to 2023 provides an imperative information of the global defense tactical radio market, which assists stakeholders to understand the market opportunities and challenges.
An exhaustive study of geographical regions is provided in the report to determine the growth the market.
It offers a holistic view of the global defense tactical radio market so that organizations can stay informed about the current and upcoming market trends.
Defense Tactical Radio Key Segments:
Special Operation Forces (SOF)
Key Market Players:
Rohde & Schwarz INRADIOS
Codan Radio Communications