Market Overview:
The Tactical Data Link Market is projected to reach USD 923 Billion by 2030 at 6.21% CAGR during the forecast period 2020-2030. Tactical data is highly confidential data disclosed only based on the requirement. Tactical data links are supposed to be secured communication standards utilized by military organizations. These data links exchange tactical data between commands and various platforms. The basic objective behind this sort of exchange is to assist the soldier by giving information about what’s happening in the war and enabling the soldier to take a right and appropriate decision. The increase of security threats all over the globe has resulted in the growth of the tactical data link market.
Market Segmentation:
The Tactical Data Link Market can be segmented based on application, component, platform, and region. According to the application category, the market is further divided into common and control, intelligence, surveillance and reconnaissance (ISR), electronic warfare, and radio communication. Segments like hardware and software come under the component category. The market is divided into land-based and airborne-based according to the platform category. According to the region category, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Classification:
As the hardware segment in the component category provides the benefits like secured communication, high data rate, high-performance rate, and dependability, there is a huge demand for the hardware segment. Therefore, the hardware segment contributes maximum to the market growth. The software segment helps in planning and managing the tactical data link networks and its troubleshooting, fast communication, and real-time battle information. These factors may result in driving the market towards growth in the future.
According to the platform category, the land-based adoption of tactical data links maximizes market growth. According to the application category, the increase in demand for improved surveillance across the borders has made this segment dominate the market. However, an increase in demand for other segments like command and control systems radio communication systems are expected to drive the market towards growth in the future. The North American segment in the regional category dominates the market. However, border security from terror attacks is a serious concern that military organizations consider a priority. So, even the developing countries are focusing on strengthening their military power. Hence, even the Asia-Pacific segment may contribute to market growth in the future.
Key Players:
Honeywell International, Inc. (US),United Technologies Corporation (US),Thales Group (France),Raytheon Company (US),BAE Systems (UK),Elbit Systems Ltd. (Israel),General Dynamics Corporation (US),Northrop Martin Corporation (US),L3Harris Technologies, Inc. (US),Leonardo SpA (Italy)
Industry News:
The global analysis of the Key Tactical Data Link Market Players states that the market is expected to reach 9,230 million US dollars at 6.21% CAGR by the end of 2030. Military organizations of many developing countries are spending on avail the information to safeguard their respective countries from terror attacks or conflicts across the border. The other factors, such as military investments for installation of communication equipment, demand for armed force interoperability, etc., also result in the market growth. However, the strict regulations followed by the military organizations and the chance of loss of data due to data links, cyber security due to excessive usage of software, etc. may create hindrance in the market growth. A focus on finding a solution to sort out these cyber security issues will keep the market in a growth mode.
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