The mission critical communication market in Europe is expected to grow from US$ 6,154.55 million in 2022 to US$ 10,391.36 million by 2028; it is estimated to grow at a CAGR of 9.1% from 2022 to 2028.
Rapid transformations in modern warfare have been urging governments of European countries to allocate high amounts to respective military forces. Such budget allocations enable military forces to develop robust indigenous technologies, and procure advanced vehicles and other equipment, including communication systems, from international manufacturers. The adoption of advanced and effective communication systems is peaking among most military forces to keep them mission ready. To modernize and create an effective communication network across war fields, the defense ministries are investing substantial amounts in newer technologies, including mission critical communication systems. For instance, in August 2021, Motorola Solutions received a contract worth US$ 82.3 million from German Navy to supply new mission critical communication networks for 16 naval vessels and other training platforms. Thus, an urge rise in military expenditure for the procurement of mission critical communication systems is expected to create lucrative opportunities for the market players during the forecast period.
The Europe mission critical communication market is segmented on the basis of component, technology, vertical, and country. Based on component, the market is segmented into hardware, software, and services. In 2022, the hardware segment is estimated to dominate the market. The market for mission critical communication hardware is further segmented into command and control centers, routers and gateways, and distribution management systems. In 2022, the distribution management system segment is expected to dominate the market for hardware. Based on technology, the Europe mission critical communication market is categorized into land mobile radio (LMR) and long-term evolution. In 2022, the long-term evolution segment is likely to lead the market. Based on vertical, the Europe mission critical communication market is segmented into public safety and government agencies, transportation, energy and utilities, mining, and others. In 2022, the public safety and government agencies segment is expected to dominate the market. The Europe mission critical communication market, based on country, is segmented into Germany, France, Italy, the UK, Russia, and rest of Europe. In 2022, Germany dominated the market.
Key players in the Europe mission critical communication market are Ascom; Huawei Technologies Co. Ltd.; Hytera Communication Corporation Limited; L3Harris Technologies, Inc.; Mentura Group Oy; Motorola Solutions, Inc.; Nokia Corporation; Tassta GmbH; Telefonaktiebolaget LM Ericsson; and Zenitel.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 6,154.55 Million |
| Market Size by 2028 | US$ 10,391.36 Million |
| CAGR (2022 - 2028) | 9.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Mission Critical Communication Market is valued at US$ 6,154.55 Million in 2022, it is projected to reach US$ 10,391.36 Million by 2028.
As per our report Europe Mission Critical Communication Market, the market size is valued at US$ 6,154.55 Million in 2022, projecting it to reach US$ 10,391.36 Million by 2028. This translates to a CAGR of approximately 9.1% during the forecast period.
The Europe Mission Critical Communication Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Mission Critical Communication Market report:
The Europe Mission Critical Communication Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Mission Critical Communication Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Mission Critical Communication Market value chain can benefit from the information contained in a comprehensive market report.
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