2021-2030 Analysis and Review Tactical Data Link Market
Global Tactical Data Link Market By Platform (Air –Based, Land-Based, Sea-Based, Weapon –Based), By Application (Command & Control, Intelligence, Surveillance & Reconnaissance, Electronic Warfare, Radio communication), By Component (Hardware, Software) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 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. Government 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.
Geopolitical Tensions Remains as The Key Market Driver
Geopolitical tension and threats is one of the major factors propelling government of different countries globally such as China, India, Middle East, United States, Russia and others to invest a significant part of their annual budget in strengthening their arm power. Modern equipment and technologies such as tactical data link have eased the sharing of real-time information & data and of a greater help for military forces. For instance, spending of China and Pakistan on military power have imposed cross border threat on India, which is leading adoption of modern equipment and technologies for sharing real-time cross border information & data and armed weapons.
Air-based Segment Dominates the Application Segment
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 the largest share in terms of revenue with around 41.12% revenue share in 2020. Adoption of tactical data link in airborne systems to increase efficiency of operation and implement secured warfare management. Spending in terms of contracts is expected to drive air-based platform segment in tactical data link market.
Command & Control Market to Grow at The Fastest Rate
Command & control market is projected to grow at 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. Further, rising need for strategic information in real-time among armed forces for time-bound decisions is also a key factor that drives the growth of situational awareness and thereby, boost command & control application segment.
North America Takes Over 60% of Revenue Share
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. The U.S. tactical data link market is primarily driven by high military spending by region to adopt advanced technologies for strengthening their military operations. Further, presence of big companies such as Rockwell Collins (U.S.) L3 Technologies (U.S.), Raytheon (U.S.) and others which holds a considerable share in the market and strategies adopted by these companies such as government collaboration, product development with advanced technologies and others is expected to propel the market revenue.
Historical &Forecast Period
This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.
Report Methodology
Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.
By Platform(2020-2030; US$ Mn)
By Application (2020-2030; US$ Mn)
By Component(2020-2030; US$ Mn)
By Region (2020-2030; US$ Mn)
Global Impact of Covid-19 Segment (2020-2021; US$ Mn)
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