Military Radio System Market Research Report - Global Forecast To 2023
Global Military Radio System Market Information by Type (Manpack Radios, Vehicular Radios), By End-User (Marines and Ground Forces) And Region - Forecast To 2023
Global Military Radio System Market Information by Type (Manpack Radios, Vehicular Radios), By End-User (Marines and Ground Forces) And Region - Forecast To 2023
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<strong>Military</strong> <strong>Radio</strong> <strong>System</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> to <strong>2023</strong><br />
<strong>Global</strong> <strong>Military</strong> <strong>Radio</strong> <strong>System</strong> <strong>Market</strong> Information by Type (Manpack <strong>Radio</strong>s, Vehicular <strong>Radio</strong>s), By End-<br />
User (Marines and Ground Forces) And Region - <strong>Forecast</strong> <strong>To</strong> <strong>2023</strong><br />
The military radio system market is expected to grow significantly, during the forecast period, owing to rapid advancements<br />
in the handheld product segment, and technologies such as the software defined radios (SDR). The gradual increase in the<br />
defense budgets along with the growing military exercises and operations, of several countries, would result in the growth<br />
of the market. During military exercises, there is immense need for confidential, secure, and fast communication flow, which<br />
can be effectively carried out with the use of military radio systems. The market is also expected to grow with the increasing<br />
use of radio systems in surgical strikes, and residential military areas, and others.<br />
Of all the types of military radio systems, the vehicular radio segment is expected to grow significantly, during the forecast<br />
period. The vehicle mounted devices, also known as the mobile two-way radios, help in establishing a safer and reliable<br />
communication link within a local area, city or even a battlefield. The vehicular radio systems ensure effective<br />
communication and data transfer among the troops stationed in and around a battlefield. Such attributes drive the growth<br />
of the segment, during the forecast period.<br />
Amongst all regions, the Asia-Pacific region is expected to grow at the highest CAGR, during the forecast period, owing to<br />
factors such as the increasing deployment of 3G, 4G, and LTE networks and the increase in investments by the governments<br />
of the developing nations such as India, China, Japan, South Korea, and others in the defense sector.<br />
<strong>Military</strong> radio systems are also used for a wide range of applications such as inter-vehicle communications, dismounted<br />
operations, perimeter security, and maritime communications.<br />
Therefore, the global military radio system market is projected to grow at a CAGR of over 7%, during the forecast period.<br />
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