Tactical Radios Market Share

North American Market Analysis

The tactical radios market in North America region is predicted to dominate the market by reaching a growth rate of 35% during the time period between 2024 – 2036. The United States is the world's largest military spender. According to SIPRI, the country's military spending rose 4.4% to USD 778 billion in 2020, accounting for 39% of global military spending. The country plans to increase funding for communications, sensors and electronics by about 20% in real terms over the next two years. The country's Handheld, Manpack and Small Form Fit program aimed at procuring a family of software reprogrammable radios for tactical voice and data communications will generate huge demand for reader and manpack radios during the forecast period. The Army's current procurement goals include 100,000 leader radios, 65,622 manpack radios, 21,579 rifleman radios, and 104,496 single channel data radios. In January 2021, Thales announced that it had been awarded a third delivery contract by the U.S. Army to supply the AN/PRC-148D Improved Multiband Inter/Intra Team Radio (IMBITR). This latest award brings his total orders for IMBITR radio to over 6,000. Therefore, this predicted to further drive the market expansion in the North America region during the expected period.

APAC Market Statistics

The tactical radios market in Asia Pacific is expected to grow significantly during the estimated period. The growth of this market can be attributed on the account of increasing investment by the countries of this region in enhancing defense infrastructure and growing demand for faster communication along with the advancement in next-generation technologies. This growth can be attributed to an increase in defense spending, as well as increased emphasis on improving communications capabilities by providing the region with more sophisticated tactical communication systems.