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Gloibal turmoil drives slow growth in military communications

Gloibal turmoil drives slow growth in military communications

Market news |
By Wisse Hettinga



The increasing procurement of military communication systems due to growing disputes among countries across world, growing concerns related to security of military communications, and the need to modernize and replace aging communication equipment are the major factors driving global market.

In its latest report, the market research firm contends that the land forces segment is projected to lead military communications market from 2018 to 2023. Communication systems are essential for military forces, as the modern battlefield is a complex environment where large amounts of information are required to flow without disruption, protected from breaches by enemies. Armies mostly use ground-based communication systems to transfer essential information.

The rport also finds that the Asia Pacific military communications market is projected to grow at the highest CAGR from 2018 to 2023. Technological advancements in military communications in Asia Pacific also offer opportunities for the market to grow. The fast-growing economies of the Asia Pacific region are improving their defense capabilities. Countries such as India, Japan, and China and increasing terrorist activities in the region contribute to the growth of the market.

www.reportsnreports.com

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