Market Share of Tactical Communication Industry
The tactical communication market is fragmented, with many players providing communication systems across various platforms. Some of the prominent players in the market are L3Harris Technologies Inc., General Dynamics Corporation, Thales Group, Elbit Systems Ltd, and Raytheon Technologies Corporation. Investment toward the research and development of faster, reliable, and secure tactical communication systems is anticipated to help the companies increase their presence and shares in the market. Several local players have emerged in the market over the years, driven by the focus of several countries toward indigenous manufacturing. For instance, in India, the 'Make in India' initiative has given a boost to private players in the defense space and has facilitated companies like Bharat Electronics Limited (BEL) and Saankhya Labs to develop and manufacture next-generation communication solutions for the country's armed forces. Such developments are anticipated to help the companies increase their cashflows in the years to come.
Tactical Communication Market Leaders
L3Harris Technologies, Inc
General Dynamics Corporation
Thales Group
Elbit Systems Ltd.
Raytheon Technologies Corporation
*Disclaimer: Major Players sorted in no particular order
