According to Fortune Business Insights™, the global military communications market size was valued at USD 33.12 billion in 2023 and is projected to grow from USD 34.74 billion in 2024 to USD 60.40 billion by 2032, exhibiting a CAGR of 7.2% during the forecast period.
This substantial growth is fueled by the increasing adoption of secure wireless communications, satellite-based networks (SATCOM), and battlefield management systems, enabling real-time, multi-domain communication for defense forces worldwide. The rising need for situational awareness, secure data exchange, and mission-critical coordination continues to accelerate the demand for modern communication infrastructure.
Key Market Insights
- North America dominated the market in 2023 with a 31.49% share, led by advanced infrastructure, high defense budgets, and the presence of top-tier defense contractors.
- The U.S. military continues to invest heavily in satellite-based communications and secure tactical radio systems to enhance battlefield connectivity and coordination.
- Technologies such as SATCOM, HF/VHF/UHF communications, and data links are driving strategic transformation, especially in ISR (Intelligence, Surveillance & Reconnaissance) and combat operations.
Key Market Players
The market is highly consolidated, with companies focusing on R&D, joint ventures, and defense contracts. Prominent players include:
- ASELSAN AS (Turkey)
- Cobham PLC (UK)
- General Dynamics Corporation (USA)
- Honeywell International Inc. (USA)
- Iridium Communications Inc. (USA)
- L3Harris Technologies Inc. (USA)
- Lockheed Martin Corporation (USA)
- Northrop Grumman Corporation (USA)
- Raytheon Technologies Inc. (USA)
- Rohde & Schwarz (Germany)