Defense Tactical Radio Market Trends, Active Key Players, and Growth Projection Up to 2030
Defense Tactical Radio Market is Expected to Reach $26.59 Billion by 2030 - Allied Market Research
WILMINGTON, DELAWARE, UNITED STATES, June 14, 2024 /EINPresswire.com/ -- The defense tactical radio market share is expected to witness considerable growth, especially in emerging economies, owing to an increase in demand safety and security and an increase in the adoption of smart technologies globally. Allied Market Research, titled, โDefense Tactical Radio Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2021โ2030โ. The global defense tactical radio market size was valued at $9.46 billion in 2020 and is projected to reach $26.59 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐: https://www.alliedmarketresearch.com/request-sample/4592
The global defense tactical radio market is characterized by the presence of a lot of local and international market players. The analysis illustrates the share of the prominent companies operating in the market. These companies tend to expand their market presence by adopting strategies such as acquisitions, partnerships, and product launches.
Tactical radio devices are primarily used in government, defense, public safety, and law enforcement organizations for effective communication services. Tactical radio devices are also increasingly being used in construction, manufacturing, transportation, and other commercial sectors for collaboration of the workforce and to monitor assets as well as personnel. Rapid development in the commercial sector is progressively using low-cost digital mediums of tactical radio driving the defense tactical radio market growth.
Europe is expected to exhibit moderate growth during the forecast period, owing to increasing demand for tactical radio from the defense and public safety sectors. The use of tactical radio is gradually increasing in sectors such as transportation, construction, and hospitality. It is widely used for effective communication and provides enhanced services to users. The players in the market are developing high-quality and low-cost tactical radios to cater to small industries in the region. Europe primarily uses tactical radio in its defense and public safety sectors. These sectors use tactical radio for effective communication in times of terrorist attacks, and fire, as well as during natural disasters, such as earthquakes, cyclones, and other calamities. The use of tactical radio enables first responders to provide safety to citizens and maintain peace in the region.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎโ๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/4592
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
COVID-19 has caused the overall semiconductor industry to mobilize quickly and make short-term decisions with long-term implications. Semiconductor companies operate in a complex ecosystem, working across the value chain with numerous raw materials, assembly, test, package, and equipment suppliers & partners across the globe.
Demand from the IT & telecommunication segment is expected to increase, owing to factors such as rise in broadband usage, higher demand for cloud services, and video streaming. In addition, in the medium to long term, COVID-19 is expected to further propel the need for digital transformation and technologies, such as 5G, IoT, AI, and intelligent edge computing for future optimization.
The manufacturing sector witnessed severe loss; thus, no new orders have been placed during the pandemic. In addition, this impact is estimated to continue till 2021. Moreover, international consumers in the defense tactical radio industry are in a very weak state, owing to the lockdown imposed to tackle the pandemic. Although the defense tactical radio market trends2 in the U.S. and Europe witnessed mild recovery in the second half of 2020, they are still significantly down on pre-crisis levels. Therefore, the defense tactical radio market growth is facing major obstacles after the emergence of the COVID-19 pandemic.
The pandemic is impacting the production process of several industries, including semiconductors and electronics. Trade barriers are further constraining demand and supply outlook. The overall production process is adversely affected as governments of different countries have already announced a total lockdown and temporary shutdown of industries.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/4592
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
- The handheld radio segment is expected to generate the highest revenue during the defense tactical radio market forecast period.
- The special operation forces segment is expected to generate the highest revenue during the forecast period.
- North America is expected to register the highest revenue during the forecast period.
The key players mentioned in the report are ๐ฉ๐จ๐ฌ ๐บ๐๐๐๐๐๐, ๐ฉ๐ฒ ๐ป๐๐๐๐๐๐๐๐๐๐๐, ๐ฎ๐๐๐๐๐๐ ๐ซ๐๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐๐๐๐, ๐ฏ๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐๐๐๐๐๐๐, ๐ฐ๐ช๐ถ๐ด ๐ฐ๐๐, ๐ณ3 ๐ฏ๐๐๐๐๐, ๐ณ๐๐๐๐๐๐ ๐ ๐บ.๐ท.๐จ., ๐ด๐ช๐บ ๐ซ๐๐๐๐๐๐, ๐ด๐๐๐๐๐๐๐ ๐บ๐๐๐๐๐๐๐๐, ๐๐๐ ๐ป๐๐๐๐๐ ๐ฎ๐๐๐๐. These key players have adopted several strategies, such as new product launch & development, acquisition, partnership & collaboration, and business expansion, to increase their footprint in the defense tactical radio industry during the forecast period
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1 https://www.alliedmarketresearch.com/defense-tactical-radio-market
2 https://www.globenewswire.com/news-release/2022/05/30/2452306/0/en/Global-Defense-Tactical-Radio-Market-Is-Expected-to-Reach-26-58-Billion-by-2030-Allied-Market-Research.html