Tactical Data Link Industry Development, Regional Share, Product By Type By 2030
Market Overview:
Tactical data link industry is projected to reach USD 923 Billion 2030 at a CAGR of 6.21% By 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 tactical data link market development.
The growing military expenditures of developing countries such as China and India have significantly contributed to the expansion of the tactical data link industry. High competition owing to the presence of several players in the market has led the defense companies to focus on innovation. Furthermore, the R&D activities in the defense industry and the growing demand for technologically advanced military communications equipment are also expected to drive the growth of the market.
However, high costs associated with the development of tactical data links and stringent government regulations may hamper the growth of the market.
Key Players:
Tactical data link industry Key Players are 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)
Market Segmentation:
The tactical data link industry 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 Analysis:
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 Tactical data link industry 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.
Industry News
The global analysis of the tactical data link market statistics states that the market is expected to reach 9,230 million US dollars at 6.21% CAGR by the end of 2028. 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.
Related Report
Weather Forecasting Systems Market Research Report: Information by Solution (Hardware [Anemometers, Barometers, Rain Gauges, Hygrometers, Thermometers, Sounding Systems & Radiosondes, Communication & Data Loggers, Satellite Sensors, Sounding Systems & Radiosondes, Windvanes and Ceilometers] and Software [Weather Monitoring & Display Software, Data Collection & Processing Software, Supercomputing, Big Data Analytics and others]), Forecast Type (Nowcast, Short-Range, Medium-Range, Extended-Range and Long-Range), Application (Weather Observing
Marine Battery Market Report, by Type (Valve-regulated Lead Acid (VRLA) Batteries, Flooded Lead Acid Batteries and others), Application (Marine Starting Service, Deep Cycle Service and Dual-Purpose Service), Ship Type (Commercial and Defense) and Region - Forecast till 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions.
Contact:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor, New York, New York 10013,
United States of America
+1 646 845 9312
Email: [email protected]
- Art
- Causes
- Crafts
- Dance
- Drinks
- Film
- Fitness
- Food
- Games
- Gardening
- Health
- Home
- Literature
- Music
- Networking
- Other
- Party
- Religion
- Shopping
- Sports
- Theater
- Wellness