Global Military Communications Market 2021-2031

Global Military Communications Market 2021-2031

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End Market Analysis forecasts that global military communications expenditure will approach $46.9 billion in 2031 from $31.2 billion in 2021, representing a CAGR of 4.2%. This analysis looks at the total communications market comprising radios, communications satellites, VSAT terminals, datalinks, networks and other systems. Trends driving spending on the military communications systems include software defined radio, 5G mobile comms, satellite connectivity and network-centric IP-based communications. Amid renewed push by the US to keep technogical edge over adversaries, North America is predicted to continue its leadership in comms spending through 2031. Land-based communications will continue to represent the largest market both in dollar and shipment terms.

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