In spite of growing pressures to cut-down the military expenditures, a trend towards network centric warfare has been witnessed over the years. Moreover, the unsteady geopolitical landscape is expected to bring considerable investments in military communications, during the next five to six years. The growing adoption of multi-mode and multi-band tactical radio systems, along with increasing adoption of ad-hoc networking in unmanned vehicles is expected to drive the military communication market in the coming years. Various military operations, such as intelligence, reconnaissance, homeland security, surveillance, and cyber security involve the use of communication equipment and services. The market for military communication has gained momentum with a growing need to tackle vulnerable security threats through advanced technology.
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From past 3 to 4 years, the military communication market has gone through an array of mergers and acquisitions (M&A). Around 250 M&A activities were finalized globally within the defense and aerospace sector in 2013. The U.S. is the largest market for military communication. Recently, the U.S. government has started several new military initiatives. The U.S. military is expected to lead the countries through their comprehensive counter-terrorism strategy in the coming years. The cost for this initiative is expected to be around $5-$10 billion per year.
The increasing defense expenses in developing countries such as India, China, and South Korea, along with advancing defense communication technology are the major growth drivers for the military communication market. However, the declining defense budgets of European countries, owing to recent economic slowdown have been a major hindrance within the growth of military communication market.
Country wise, the U.S., and Canada are the largest military communication markets in North America; while Germany, the U.K., Russia, and France are some of the important military communication markets in Europe. China. India, Japan, and South Korea lead the Asia-Pacific military communication market.
Some of the competitors in the military communications market are, Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, General Dynamics, L-3 Communications Holdings Inc., BAE Systems, Raytheon Anschütz, Harris Corporation, and Rockwell Collins.
