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Global Military Communications Market : Global Industry Analysis and Forecast (2017-2026) – by Component, Application, End-user, and Geography

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anushree chavan
Global Military Communications Market : Global Industry Analysis and Forecast (2017-2026) – by Component, Application, End-user, and Geography

Global Military Communications Market was around US$ 30.0 Bn in 2017 and is expected to reach US$ 35.64 Bn by 2026, at a CAGR of around 4.75% in the forecast period.

Increase in procurement of military communication solutions because of rise in disputes among countries across the world, growing concerns that are related to the security of military communications, along with the need for modernizing and replacing aging communication equipment are some of the major factors that are driving the global military communications market.

Interoperability issues however may restrain the growth of the military communications market across the globe.

Communication solutions interoperability associated with army together with the collaboration between different defense agencies or departments is very essential for effective communications.

Thus, spectrum allocation for delivering information, rapidly changing technologies, changing stature of operations, together with investment issues hampering the operability in military communications are a few other key restraints of the military communications market.

Based on application, the situational awareness segment of the military communications market is expected to grow at one of the highest rate during the current forecast period.

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anushree chavan
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