April 22, 2021
According to the business intelligence report titled ‘GLOBAL Tactical Data Links Market 2020-2028’, available with Market Study Report, global tactical data links market size is projected to expand at an annual growth rate of 6.33% over the forecast period 2020-2028.
As per the findings of the report, intensifying geopolitical tensions & security threats, escalating demand for real-time information in combat areas, and rising utilization of signal intelligence & unmanned autonomous vehicles in modern warfare are spurring global tactical data links market growth.
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Elevated requirement for improved interoperability, increasing necessity for eliminating time-sensitive targets, and growing adoption of advanced communication systems are enhancing the industry outlook. However, stringent military regulations regarding tactical communication standards and data loss across different data links are hindering business development.
Based on component, global tactical data links industry is split into software and hardware. In terms of application spectrum, the market is categorized into intelligence, surveillance & reconnaissance, command & control, radio communication, and electronic warfare. Moving on, the platform segmentation comprises air-based, sea-based, land-based, and weapon-based.
Considering the geographical outlook, global tactical data links market expansion is largely fueled by North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Among these, Europe is anticipated to emerge as major revenue generator the industry in the upcoming years, largely driven by increased military budget for strengthening defense sector and favorable government policies. Further, rising tension among several regional nations is contributing to the regional market growth.
Speaking of the competitive landscape, key players impacting worldwide tactical data links industry dynamics are Raytheon Technologies Corp., Viasat, Inc., Elbit Systems Deutschland (formerly Telefunken Racoms), Collins Aerospace, Leonardo S.p.A., Aselsan A.?, Leidos Holdings, Inc., Saab AB, L3Harris Technologies, Inc., Iridium Communications, Inc., Tactical Communications Group (acquired by Curtiss-Wright Corporation), General Dynamics Corporation, Thales Group, BAE Systems plc, and Northrop Grumman Corporation.