Asia-pacific Tactical Data Link Market Forecast 2023-2032
KEY FINDINGS
The Asia-Pacific tactical data link market is projected to register a CAGR of 6.02% during the forecast period, 2023-2032. The growing territorial disputes in Asia-Pacific, mainly in the Korean peninsula and the South China Sea, propel the market growth. In addition, the rising military expenditure and the subsequent improvement of surveillance systems & electronic warfare systems offer growth opportunities.
MARKET INSIGHTS
China, Australia, Japan, India, South Korea, and Rest of Asia-Pacific are assessed for the Asia-Pacific tactical data link market growth evaluation. The rising terrorist activities in India, integrated with programs facilitating the development of various military equipment, like the Army’s Combat Ground Systems, are driving the country’s market growth. These factors have essentially reinforced prominent defense manufacturers to generate highly innovative and improved data links, such as Link 16 and Link 22. For instance, Bharat Electronics Ltd. (BEL) is pursuing strategic fields like satellite integration and unmanned systems.
Australia’s tactical data link market is primarily propelled by government initiatives to enhance its defense and military abilities. Diverse programs for upgrading numerous military equipment also influence defense manufacturers to curate innovative and advanced tactical data links. For instance, the Australian government and Boeing Defence Australia (BDAA) entered an agreement for producing Royal Australian Air Force E-7A wedgetail aircraft in October 2018. Accordingly, the BDA harbored a deal of over $442 million for communication systems, tactical data links, and identification sensors, among others.
COMPETITIVE INSIGHTS
Some of the leading companies in the market are Tactical Communications Group LLC, Viasat Inc, Raytheon Company, Iridium Communications Inc, Northrop Grumman Corporation, etc.
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• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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