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.
Based on communication type, the global military communication market can be broadly classified as airborne communications, underwater communications, air-ground communications, ship borne communication, and ground-based communications. On the basis of application, the global military communication market can be sub-divided as, routine operations, command and control, and others. Based on various components, the military communication market can be classified as military satellite communication terminals, military security systems, military radio systems, and communication management systems. Based on end users, the military communication market can be segmented as land forces, naval forces, and air forces.
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.
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North America accounted for the largest military communication market in 2014. The large defense expenditure and increased penetration of technology in defense sector has led to the leadership of North America in the military communication market. Asia-Pacific is the second largest and fastest growing market for military communication. The increasing military expenditures, owing to growing threat from terrorist organizations, and unstable geopolitical scenario in the Middle-East countries, is fueling the growth of the military communication market in this region. 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.
The merger and acquisition (M&A) activities in the military communications market has declined to some extent in the past few years. Around 250 merger and acquisition activities existed globally within the defense sector in 2013, which were 25% less as compared to those in 2012 and nearly 30% less from those in 2011, owing to the decreasing defense budgets in western countries.
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