How big is the Military Communications Market?

The Military Communications Market size is expected to reach USD 34.79 billion in 2024 and grow at a CAGR of 5.86% to reach USD 46.25 billion by 2029. Read More

What is the current Military Communications Market size?

In 2024, the Military Communications Market size is expected to reach USD 34.79 billion. Read More

Who are the key players in Military Communications Market?

BAE Systems plc, General Dynamics Corporation, Northrop Grumman Corporation, RTX Corporation and IAI are the major companies operating in the Military Communications Market. Read More

Which is the fastest growing region in Military Communications Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Military Communications Market?

In 2024, the North America accounts for the largest market share in Military Communications Market. Read More

What years does this Military Communications Market cover, and what was the market size in 2023?

In 2023, the Military Communications Market size was estimated at USD 32.75 billion. The report covers the Military Communications Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Communications Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Military Communications Market Share

Statistics for the 2023 & 2024 Military Communications market share, created by Mordor Intelligence™ Industry Reports. Military Communications share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Military Communications Industry

The military communications market is semi-consolidated and characterized by various operators. The major players operating in this market include Northrop Grumman Corporation, RTX Corporation, General Dynamics Corporation, BAE Systems plc, and IAI, which hold the majority of the market share.

With the increase in demand for effective communication systems, major players worldwide are investing significantly in technological developments. These are expected to pay off by increasing the market penetration and usage of various products offered by these companies. For instance, in August 2023, the UK Ministry of Defense awarded a contract to BAE Systems plc to develop a deployable tactical Wide Area Network (WAN) known as Trinity. The deployable tactical WAN is expected to enhance front-line connectivity for military personnel, linking combat vehicles, fighter jets, small reconnaissance drones, military commands, and aircraft carriers.