SDR tech drives military mobile computing market growth
ELMHURST, Illinois. Increased requirements for software defined radio (SDR) technology will contribute to the growth of the global military mobile computing systems market over the next five years, according to analysts at Technavio in Elmhurst, Illinois. They forecast the market to grow at a compound annual growth rate (CAGR) of more than 7 percent by 2020.
BAE Systems, General Dynamics, Harris, Rockwell Collins, and Thales are the key players in this market, according to the Technavio report, titled "Global Military Mobile Computing Systems Market 2016-2020." Other suppliers include Elbit Systems, L-3 Communications, Northrop Grumman, and Raytheon.
Factors driving the demand for SDR technology include the increasing need for tactical communications, interoperability, real-time data communications, modernization programs, and reduced size, weight, power (SWAP) benefits. Another trend gaining momentum in this market is demand for solutions that enable network-centric warfare, according to Technavio analysts.
During 2015, the radio systems segment accounted for more than 33 percent of the total market share and will continue its dominance in the market during the forecast period, Technavio analysts predict. Much of the segment’s growth comes from countries such as the U.S., China, and India.
The Asia-Pacific (APAC) region will be the fastest-growing region in the military mobile computing systems market and is forecasted to grow at a CAGR of more than 11 percent by 2020, they say. Increased military spending by several APAC nations such as China, Japan, South Korea, and India is contributing to this growth. The growing instances of territorial disputes and terrorist activities will increase the use of several military mobile computing systems in the region over the next few years, Technavio analysts say.
This research report also presents a detailed segmentation of the market by systems (radio, smartphones, tablets, and PCs and laptops) and by geography (the Americas, APAC, and Europe, Middle East, Europe, the Middle East, and Africa (EMEA)).
For more information, visit http://www.technavio.com/report/global-defense-military-mobile-computing-systems-market.