On February 16, 2021, Codan Limited announced that it has entered into an agreement to acquire 100% of the shares of the American company DTC from a private equity firm. The transaction was completed by April 30, 2021, subject to formal conditions typical for this type of transaction.
In support of the US Army Integrated Tactical Network program, PacStar announced in September 2020 that it had been awarded a tactical network communications contract by the US Army Program Executive Office Command, Command, Communications Tactical, for the delivery of the PacStar 400-series platform for SCOUT.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5455
Published Date: Dec 12, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing demand in defence and military and growing technological advancement are some of the major factors anticipated to drive the growth of the tactical radios market.
The market is anticipated to attain a CAGR of ~13% over the forecast period, i.e., 2024-2036.
The major players in the market are of Northrop Grumman, Thales Group, General Dynamics Corporation, Raytheon Technologies Corporation, L3Harris Technologies, Inc., BAE Systems, Iridium Communications Inc., Viasat, Inc., Codan Limited., and others.
The land segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.