Press release
Tactical Data Link Market by Component (Hardware and Software), Application (Command & Control, Intelligence, Surveillance & Reconnaissance, Electronic Warfare (EW), and Radio Communication), Platform (Air-Based, Land-Based, Sea-Based, and Weapon-Based):
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COVID-19 Scenario analysis:
• Due to COVID-19 situation, the research & development in tactical data link has been hampered due to the declared lockdowns and government restrictions on public gatherings.
• Slowing sign in economies of several countries has been observed due to COVID-19 effect, which may limit governments investment in the defense projects. Such reduction in investment will directly affect growth in the tactical data link market.
• Travel restrictions and reduction in military activities due to COVID-19 has also adversely effected growth of tactical data link market, as tactical data link systems have wide applications in the military.
• Demand may rise extensively in global tactical data link market in upcoming quarter as industry’s production has started to get momentum after tough phase of COVID-19.
• Business development possibility to tactical data link companies has been adversely affected due to overall shortage in demand of services of tactical data link systems due to COVID-19 pandemic.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Increased geopolitical tension & security threats and increasing demand for the secure network to share data between maritime, airborne or land radio communications at high speed are some of the major factors which drive the growth of the global tactical data link market. However, stringent military standards and reduction of defense budget may hamper the growth of the tactical data link market. Contrarily, demand for advanced communication systems and requirement of accurate & real time information in the battlefield are expected to create significant demand in the global tactical data link market in the future.
Stringent military standards
Defense products are required to pass from various military standards such as environmental tests, physical tests, in order to qualify for purchase by defense departments. Apart from the standard, the defense equipment are required to meet the size, weight, and power. Thus, due to the requirement of very high precision, the cost becomes higher. Hence, such high military standards for defense equipment are also hampering the growth of the global tactical data link market.
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Key benefits of the report:
• This study presents the analytical depiction of the tactical data link industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global tactical data link market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global tactical data link market growth scenario.
• Porter’s five forces analysis illustrates the potency of the buyers & suppliers in the market.
• The report provides a detailed global tactical data link market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the tactical data link market research report:
• Which are the leading market players active in the global tactical data link market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
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