Global Tactical Data Link Market to Grow at a Strong CAGR of 6.5% During the Forecast Period 2021-2030


Global tactical data link market is expected to grow at a CAGR of 6.5% during the forecast period 2021-2030. The global tactical data link market is primarily driven by increasing geopolitical tension and threats are one of the major factors propelling the adoption of tactical data links across the globe. Governments of different countries such as China, India, Middle East, United States, Russia, and others are investing a significant part of their annual budget in strengthening their arm power owing to rising geopolitical tension and threats.

Global tactical data link market has been segmented on the basis of application, platform and component. Air-based segment in the global tactical data link market accounts for the largest share in terms of revenue with around 41.12% revenue share in 2020. Command & control market is projected to grow at the highest pace with a CAGR of 7.0% during the forecast period 2021-2030. Tactical data links help in commanding & controlling military units & weapons, enabling the rapid exchange of tactical information. Tactical data link offers safe and secure communications, strengthening military security interests. Further, situational awareness interest also serves as a major factor driving the command & control segment, particularly when the armed forces need real-time strategic data.

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Intelligence, Surveillance & Reconnaissance (ISR) capabilities segment in tactical data link market accounts the largest share in application segment and is projected to grow with CAGR of 6.4% during the forecast period 2021-2030. ISR capabilities segment in tactical data link market is being driven by growing investment by the government of different countries for strengthening their ISR capabilities.

Software in tactical data link market is projected to grow fastest in the market at CAGR of 6.8% during the forecast period 2021-2030. Software are integral part of tactical data link systems and help in efficient working of the systems. Software in tactical data link market is primarily driven by substantial investment on the adoption of software-defined radio tactical data link used across the surface warships, land vehicles, fixed sites and others.

Geographically, the tactical data link market has been segmented into North America, Europe, Asia Pacific and Rest of World (ROW). North America accounts the largest share with a total share of 60.52% in the market owing to high military spending by the government of United States and presence of big companies operating in the market.U.S. accounts the largest share in tactical data link market and is projected to grow with a CAGR of 7.1% during the forecast period 2021-2030. ROE accounts for the largest share in tactical data link market within Europe and is projected to grow with a CAGR of 5.9% during the forecast period 2021-2030. ROE is primarily driven by high military spending and adoption of tactical data link for more effective, ease for communication and sharing information. Government-based collaborations and high capital investment by the governments of different countries in the region is expected to drive the market. India tactical data link market is projected to grow at highest pace with a CAGR of 6.5% during the forecast period 2021-2030. India tactical data link is primarily driven by ongoing programs in the country to adopt advanced technologies and accessories for strengthening military operations.

KEY MARKET MOVEMENTS

  • Global tactical data link market is expected to grow at a CAGR of 6.5% during the forecast period (2021-2030).
  • Air-based segment in the global tactical data link market accounts the largest share in terms of revenue with around 41.12% revenue share in 2020.
  • Command & control market is projected to grow at the highest pace with a CAGR of 7.0% during the forecast period 2021-2030.
  • Intelligence, Surveillance & Reconnaissance (ISR) capabilities segment in tactical data link market accounts for the largest share in application segment and is projected to grow with CAGR of 6.4% during the forecast period 2021-2030.
  • Software in tactical data link market is projected to grow fastest in the market at CAGR of 6.8% during the forecast period 2021-2030.
  • North America accounts the largest share with a total share of 60.52% in the market owing to high military spending by the government of United States and presence of big companies operating in the market.
  • U.S. accounts the largest share in tactical data link market and is projected to grow with a CAGR of 7.1% during the forecast period 2021-2030.

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