Research and Markets Report Sets Global Military Comms CAGR at 12% in 2015-2020

CellTowerA new Research and Markets report forecasts the global military communications market to reach $40.82 billion by 2020 from $23.02 billion in 2015 amid a growing demand for updated communication techniques.

The report sets the market’s compound annual growth rate at 12.1 percent during the forecast period, Research and Markets said Wednesday.

T noted that tier-one market players have implemented various techniques such as agreements, mergers and acquisitions, and new product developments to augment their market share.

Companies profiled in the report are:

  • Alcatel-Lucent
  • BAE Systems
  • General Dynamics
  • Harris
  • L-3 Communications
  • Lockheed Martin
  • Northrop Grumman
  • Raytheon Anschutz
  • Rockwell Collins
  • Thales

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