Military communications market to reach nearly $117B by 2033
Growing at a CAGR of 10.5% during the forecast period
In 2023, the global military communications market is expected to be worth $43.09 billion. The market is estimated to exceed $116.96 billion, growing at a compound annual growth rate (CAGR) of 10.5% during the forecast period.
The demand for reliable and secure connectivity in military networks is crucial, especially as soldiers, sensors, and vehicles are progressively becoming connected for enhanced situational communications and awareness. Maneuver control, command, communication, and intelligence all depend highly on these networks to enhance the armed forces' agility and dominance in battleground situations.