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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Tactical Communications Industry.

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Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Tactical Communications Industry."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 Tactical Communications Industry to reach USD 30 billion by 2024: Global Market Insights Inc.

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Tactical Communications Market Tactical Communications Market size was estimated at over USD 20 billion, with shipments of over 60 million units in 2016, and set to exceed USD 30 billion by 2024; as per a new research report by Global Market Insights, Inc. Global shipments are projected to witness more than 3% CAGR between 2017 and 2024. The need for advanced systems having high- quality audio capabilities to replace the legacy systems in the military is anticipated to drive the tactical communications market growth.  Advancements in communication technology, such as bone conduction, ear canal equipment, penetration of LTE in professional mobile radios is contributing towards the growing adoption of these devices. Furthermore, wireless technology in headsets is gaining precedence as it allows users easier movement and greater flexibility. Key Insights from Tactical Communications Market:

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  To tackle the issues of miscommunication, vendors operating in the tactical communications market are leveraging compression technology and digital signal processing for the provision of clear filters for ambient sound and voice communication in any environment. The rising trend of product miniaturization is anticipated to transform the tactical communications market.  The tactical communications market has penetrated industrial verticals such as oil and mining, logistics, and manufacturing, which generate high noise during normal operation. To protect the hearing capabilities of the workforce, organizations are mandated by the government to provide adequate hearing protection while retaining the ability to conduct effective conversation. The usage of protective earplugs and communication headsets separately can restrict the capabilities of the user. To combat this, manufacturers are integrating robust communication systems with protective, durable gear, such as 3M Peltor ballistic proof headsets, to ensure the safety of the device and the user while maintaining high quality communications. Continued...

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com U.S. Tactical Communications Market Size, By Application, 2016 & 2024 (USD Billion)

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Tactical Communications Market @ http://bit.ly/2h9Ef2Whttp://bit.ly/2h9Ef2W Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/2069 https://www.gminsights.com/request-sample/detail/2069

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The presence of government regulations in various economies such as the U.S and Europe are major factors contributing towards the high growth of the tactical headsets market. This equipment provides protection to the hearing of the customers from loud noises such as explosions and gunshot firings while filtering certain sounds of lower frequencies such as human speech to reach the user.  The public safety applications in the tactical communications market dominated in terms of revenue share in 2016. This is attributed to the demand for covert and continuous communication channels during critical mission operations. Technological innovations such as magnetic ear canal technology allows for clear two-way communications in stealth and covert situations and are majorly adopted for usage by undercover operators and officers in the secret task forces. Continued...

7 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Rapid growth of the industrial sector in the Asia Pacific region is a major factor contributing to tactical communications market demand. Furthermore, several economies in this region are increasing their military spending and investing heavily in the development and procurement of safe communication channels and protective gear. For instance, India is increasing their military spending by approximately 6% during the fiscal year 2017 and is also contracting the development of tactical communication systems to local organizations such as Bharat Electronics Limited (BEL) under the ‘Make in India’ program.  Players operating in the global tactical communications market include CeoTronics, David Clark Inc., Silynx Communications, Invisio Communications, 3M, Sepura, Bose Coporation, Savox Communications, etc. The tactical communications market is characterized by high investments in R&D. In September 2016, David Clark Inc. announced the launch of DC ONE-XH Helicopter Headset which has improvements in the voice transition in terms of clarity. Continued...

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