The tactical communication market in South & Central America is expected to grow from US$ 816.88 million in 2021 to US$ 1,062.61 million by 2028.
It is estimated to grow at a CAGR of 3.9% from 2021 to 2028. The Army Futures Command is focusing on network modernization as one of its main goals. The new capabilities are designed to boost the service's capacity and resiliency to compete in high-end battles against near-peer opponents. The Army is pursuing a series of two-year capability sets to fulfill its network goals. According to the service, each set includes many design goals, including a unified network, a shared operational environment, joint interoperability/coalition accessibility, and command post mobility/survivability. Defense communication encompasses all areas of armed forces' information and data transfer for well-organized operations, military surveillance, command, and control. Furthermore, communication relies on a complex and large network of physical components and software to transfer information to individuals across geographic boundaries. For secure data transfer and network infrastructure, evolving communication technologies, such as SATCOM (a high-frequency communication) and ultra-high frequency communication, are replacing traditional tactical communication systems. The rise in modernization is encouraging tactical communication market players to scale up their new communication equipment production volumes by replacing the traditional ones.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South & Central America tactical communication market at a substantial CAGR during the forecast period.
South & Central America Tactical Communication Market Segmentation
The South & Central America tactical communication market is segmented on the basis of platform, type, technology, application, and country. Based on platform, the market is segmented into airborne, shipborne, land, and underwater. In 2021, the land segment held a larger share of the market; whereas the airborne segment is expected to register a higher CAGR during the forecast period. Based on type, the South & Central America Tactical communication market is categorised into soldier radiom, manpack radio, VIC (vehicular intercommunication radio), high capacity data radio (HCDR), and others. In 2021, the soldier radiom segment held the largest market share; and VIC (vehicular intercommunication radio) is expected to register the highest CAGR in the market during the forecast period. Based on technology, the market is birfurcated into time-division multiplexing (TDM) and next-generation network (NGN). In 2021, the time-division multiplexing (TDM) segment held a larger share of the market; and next-generation network (NGN) is expected to register a higher CAGR during the forecast period. Based on application, the market is categorised into ISR, combat, and command and control. In 2021, the combat segment held a larger share of the market; and ISR is expected to register a higher CAGR during the forecast period. Based on country, the South & Central America Tactical communication market is segmented into Brazil and Rest of SAM. In 2021, Brazil held the largest market share; and it is also expected to grow at the fastest CAGR during the forecast period.
BAE Systems; General Dynamics Mission Systems, Inc.; Iridium Communications Inc.; Northrop Grumman Corporation; Raytheon Technologies Corporation; Thales Group; Ultra; Viasat, Inc.; and Airbus SAS are among some of the leading companies in the South & Central America Tactical Communication Market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 816.88 Million |
| Market Size by 2028 | US$ 1,062.61 Million |
| CAGR (2021 - 2028) | 3.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Platform
|
|
Regions and Countries Covered
|
|
| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
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The South & Central America Tactical Communication Market is valued at US$ 816.88 Million in 2021, it is projected to reach US$ 1,062.61 Million by 2028.
As per our report South & Central America Tactical Communication Market, the market size is valued at US$ 816.88 Million in 2021, projecting it to reach US$ 1,062.61 Million by 2028. This translates to a CAGR of approximately 3.9% during the forecast period.
The South & Central America Tactical 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 South & Central America Tactical Communication Market report:
The South & Central America Tactical Communication Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Tactical Communication Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Tactical Communication Market value chain can benefit from the information contained in a comprehensive market report.
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