Military Transmit and Receive Module Market worth $7.7 billion by 2028 – Exclusive Report by MarketsandMarkets™

Advertisement

CHICAGO, Dec. 21, 2023 /PRNewswire/ — The Military transmit and receive module market size is projected to grow from USD 5.8 billion in 2023 to USD 7.7 billion by 2028, at a CAGR of 5.8% from 2023 to 2028 according to a new report by MarketsandMarkets™. A surge in demand for miniaturized and more efficient T/R modules and rising geopolitical tensions will drive the military transmit and receive modules market during the forecast period. Along with this, Research and & development in advanced surveillance technologies have also created lucrative provided opportunities in the military transmit and receive modules market. However, stringent regulations for import and export of gallium are restraining the market growth.

MarketsandMarkets Logo

Browse in-depth TOC on “Military Transmit and Receive Module Market” 250 – Tables

50 – Figures

250 – Pages

Military Transmit and Receive Module Market Report Scope:

Report Coverage

Details

Market Revenue in 2023

$ 5.8 billion

Estimated Value by 2028

$ 7.7 billion

Growth Rate

Poised to grow at a CAGR of 5.8%

Market Size Available for

2019–2028

Forecast Period

2023–2028

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Application, Frequency, Communication Medium, Platform and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Vulnerability to radar jamming techniques

Key Market Opportunities

Emphasis on developing lightweight radars

Key Market Drivers

Development of new transmit and receive module technologies

 The Military transmit and receive module market includes major players Northrop Grumman Corporation (US), Thales Group (France), L3Harris Technologies, Inc. (US), RTX Corporation (US), and CAES System LLC (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Rest of the World.

The gallium nitride segment is projected to grow at the highest CAGR rate for the military transmit and receive module market during the forecast period.

Based on type, the market is segmented into gallium nitride, gallium arsenide, and others. The gallium nitride segment is projected to reach USD 3.91 billion by 2028 at a CAGR of 6.3%. In the Asia Pacific region, this segment is projected to register the highest CAGR during the forecast period.

The radar applications is projected to register the highest CAGR of 6.1% during the forecast period.

Based on applications, the market is segmented into radars, communication, electronic warfare, and space. The radar segment will secure leading market position in 2023. It is expected to have a market size of USD 2.76 billion in 2023 and grow at a CAGR of 6.1% to reach USD 3.72 billion in 2028. This is due to the increasing radar modernization contracts for various platforms.

The multi band segment is projected to grow at the highest CAGR rate for the Military transmit and receive module market during the forecast period.

Based on frequency, the market is segmented into single band, and multiband. The Multiband segment is expected to have a market size of USD 1.49 billion in 2023 and grow at a CAGR of 6.4% to reach USD 2.04 billion in 2028. This is due to increasing requirement of scalable, customizable, and have multipurpose transmit and receive modules.

By platform, the airborne segment is estimated to account for the largest market share of the Military transmit and receive module market in 2023.

Based on platform, the market is segmented into Airborne, Naval, Land and Space. The airborne segment is estimated to account for the largest share of 42% of the military transmit and receive module market in 2023. Huge demand for Active electronically scanned array radars used in fighter jets will drive market growth.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=245076574

The North American market to contribute the largest share in 2023.

The North American market is going to contribute the largest share of 36% to the military transmit and receive module industry in 2023. This is attributed to the presence of major companies such as Northrop Grumman, L3Harris Technologies, Inc., RTX, and CAES System LLC in the US, which are continuously investing in the R&D of new and advanced technologies in the military transmit and receive module market. These investments are driving the growth of the market in North America.

Northrop Grumman Corporation (US), Thales Group (France), L3Harris Technologies, Inc. (US), RTX Corporation (US), and CAES System LLC (US) are some of the leading players operating in the military transmit and receive module companies.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=245076574

Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting

Related Reports: 

Anti-aircraft Warfare Market by Capability (Support, Protection and Attack), System (Weapon System, Radar System, Electronic Warfare System, Command and Control System), Platform (Land, Naval and Airborne), Range & Region – Forecast to 2028

Military Communications Market by Platform (Land, Naval, Airborne, Unmanned Vehicles), Application, System, Point of Sale (New Installation, Upgrade), and Region (North America, Europe, Asia Pacific, Rest of the World) – Global Forecast to 2028

Electronic Warfare Market by Capability (Support, Attack, Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), End Use (OEM, Upgradation) and Region – Global Forecast to 2027

Military Radars Market by Component (Transmitter, Digital Signal Processor), Platform (Land, Naval, Airborne, Space), Technology (SDR, Quantum, Conventional), Waveform (FMCW, Doppler), Application, Type, Frequency Band & Region – Global Forecast to 2027

Electronically Scanned Array Market Size, Share & Industry Growth Analysis Report by Installation, Platform (Air, Marine, Land), Frequency Band, Type, Component, Range, Dimension, Array Geometry and Region (North America, Europe, APAC, Middle East & Africa and Latin America) (2021-2026)

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra


MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]

Visit Our Web Site: https://www.marketsandmarkets.com/

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/military-transmit-receive-module-market.asp

Content Source: https://www.marketsandmarkets.com/PressReleases/military-transmit-receive-module.asp

Logo – https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

Cision View original content:https://www.prnewswire.com/news-releases/military-transmit-and-receive-module-market-worth-7-7-billion-by-2028—exclusive-report-by-marketsandmarkets-302020309.html

SOURCE MarketsandMarkets

Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Bubblear.com takes no editorial responsibility for the same.