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.
Military Communications Market Leaders
BAE Systems plc
General Dynamics Corporation
Northrop Grumman Corporation
RTX Corporation
IAI
*Disclaimer: Major Players sorted in no particular order
