Part 20
North American Market Statistics
North America tactical radios market size is poised to reach USD 24.7 Billion by 2037. The United States, for example, allocates a large part of its defense spending to buying tactical radios and other cutting-edge communications equipment to increase the capability of its armed forces. The security risk is constantly evolving, and reliable and secure communication networks are of paramount importance for military, law enforcement, or homeland security authorities. Cyberwarfare and terrorism are examples of these risks. The energy sector accounts for 20 % of the cyber-attacks across North America. Human error, privilege abuse, misuse of stolen credentials, or social engineering account for around 74% of all breaches.
In order to improve military capabilities, the United States devotes a large part of its resources to defense spending, including the purchase of tactical radios and other cutting-edge communications equipment.
Canada’s presence of various key players in the region and its high defence infrastructure spending have contributed to this.
APAC Market Analysis
Tactical Radios Market size for Asia Pacific region is expected to reach USD 22.1 Billion by 2037. International defense cooperation and collaboration with allies are undertaken by a number of Asia Pacific countries.
In order to improve interoperability and information sharing between partner countries, it may be part of the Government's efforts to acquire and standardize tactical radios so that they can help communicate during combined military exercises and operations. A second procurement contract made possible by Innovations for Defence Excellence has been signed by the Indian Army. When the indigenously designed "Tactical LAN Radio" was signed in New Delhi the Vice Chief of Army Staff, Lt Gen MV Suchindra Kumar, was present.
A tight security alliance between Japan and the United States, which includes cooperation in defense technologies and interoperability, is maintained. To ensure seamless communication and interoperability between Japan's personnel and the United States, it is necessary to have Tactical Radios that meet NATO and US Military Requirements.
Vietnam shares borders with several of its neighboring countries and faces challenges related to border safety, including cross-border criminal activities, smuggling, and unauthorized entry. Tactical radios allow border guards, customs officials, and law enforcement agencies to communicate and coordinate to improve border security.
Increased investment by India in improving defence infrastructure increasing demand for speedier communications and the development of mobile communication technologies are factors that lead to growth.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?