Global Defense Tactical Radio Industry

Global Defense Tactical Radio Industry

  • April 2021 •
  • 184 pages •
  • Report ID: 5956555 •
  • Format: PDF
Abstract:
- Global Defense Tactical Radio Market to Reach $19.6 Billion by 2027
- Amid the COVID-19 crisis, the global market for Defense Tactical Radio estimated at US$9.7 Billion in the year 2020, is projected to reach a revised size of US$19.6 Billion by 2027, growing at aCAGR of 10.5% over the period 2020-2027. Handheld Radio, one of the segments analyzed in the report, is projected to record 11.4% CAGR and reach US$6.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vehicle-mounted Radio segment is readjusted to a revised 10.1% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 14% CAGR
- The Defense Tactical Radio market in the U.S. is estimated at US$2.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2027 trailing a CAGR of 14% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 9.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR.

- Select Competitors (Total 46 Featured) -
  • BAE Systems PLC
  • Barrett Communications Pty., Ltd.
  • Cobham PLC
  • Codan Radio Communications
  • General Dynamics Corporation
  • Harris Corporation
  • Leonardo SpA
  • Raytheon Company
  • Rockwell Collins, Inc.
  • Thales Group