Global Critical Communication Market to reach USD 24.61 billion by 2027.Global Critical Communication Market is valued approximately at USD 14.93 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2021-2027. Critical communication is necessary to the operation of an organization. It includes systems and devices which always provide secure and reliable communication. The global Critical Communication market is being driven by growing favorable government initiatives around the world to develop communication infrastructure to support national security by securing critical information. For instance, in August 2021, Ireland joined all 27 EU Member States by signing the EuroQCI Declaration alongside the European Commission and the European Space Agency (ESA) to develop a secure quantum communication infrastructure. The other driving factor for the market growth is the continuous investments and collaborations to promote the advanced critical communication network. For instance, in August 2021, U.S. Navy contracted BAE Systems, Inc. for USD 140 million indefinite-delivery/indefinite-quantity (IDIQ) for support of communications and integration services. Furthermore, high research & development activities in the communication network, rising adoption of advanced technology and surge in the prevalence of terror attacks will provide new opportunities for the global Critical Communication industry. However, high cost in adoption of critical communication technologies and lack of skilled expertise may impede market growth over the forecast period of 2021-2027.
The regional analysis is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World for the global Critical Communication Market. North America is the leading region across the world in terms of market share and is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 owing to rising adoption of Land Mobile Radio, adoption of critical communication technology and infrastructure and increasing technological advancements .
Major market player included in this report are:
Telefonaktiebolaget LM Ericsson
Nokia
Huawei Technologies Co., Ltd.
AT&T Intellectual Property
Motorola Solutions, Inc.
L3Harris Technologies, Inc.
ZTE Corporation
Cobham Limited
Inmarsat Global Limited
Hytera Communications (UK) Co. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
Hardware
Services
By Technology:
Land Mobile Radio
Long-Term Evolution
By End-Use Vertical:
Public Safety
Transportation
Utilities
Mining
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Critical Communication Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors