Vantage Market Research
Aug 29, 2022
In terms of revenue, the Global Tactical Data Link Market is expected to reach USD 9.7 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 7.00% from 2022 to 2028.
The Tactical Data Link is a secure, jam-restraining link that gives the soldier situational knowledge. The rising demand for improved coalition partners and armed force interoperability for encrypted transmission encourages the production of innovative solutions and systems. The increasing demand for secure communication is expected to drive the growth of the global Tactical Data Link market because of end-users increasing acceptance of Tactical Data Link solutions.
Key Highlights from Report:
· The Software segment is expected to hold a significant share in the market in 2021. The software helps with tactical data connection network planning, management, debugging, real-time battlefield intelligence, and quick communication. The software's characteristics are anticipated to fuel market expansion. However, cybersecurity concerns may impede the segment's expansion.
· The Command & Control segment is predicted to experience the quickest market growth in 2021. The part discusses Tactical Data Links essential for successfully carrying out command and control activities. Establishing a connection between the computer systems of the command-and-control units and connecting them to the weapon systems is known as implementation. The communication of real-time tactical information is therefore made secure and quick.
· North America will continue to dominate and develop at the quickest rate in the Tactical Data Link market. The region's rapid rise is ascribed to rising defense spending, Tactical Data Link system investments, network-enabled weapon trends, and increased terrorism.
Market Dynamics:
The Tactical Data Link consists of hardware for computers, sensors, interfaces, and communication networks. Use a Tactical Data Linkto transmit vital information and battlefield execution capabilities. One of the key factors driving the growth of the worldwide Tactical Data Link market is the rise in geopolitical tension and security concerns, as well as the rising demand for a secure network to transfer data quickly across radio communications on land, in the air, and at sea. Tactical Data Link industry expansion could be hampered by strict military standards and a reduction in the defense budget. On the other hand, it is anticipated that there would be significant demand due to enhanced communication systems and the need for accurate and real-time information in combat.
North America registered lucrative growth in the market in 2021 due to significant U.S. defense spending. North America is anticipated to hold the greatest market share for Tactical Data Links. Additionally, it is projected that the region's industry will rise because of the rising development costs for advanced military systems. One of the main factors influencing the market in North America is the rising need for Tactical Data Links in the U.S. and Canada for unmanned aerial vehicles and ground vehicles for various military applications.
The Global Tactical Data Link Market is Segmented as follows:
- Platform
- Ground
- Airborne
- Naval
- Unmanned Systems
- Weapons
- Application
- Command & Control
- Intelligence
- Surveillance & Reconnaissance
- Electronic Warfare
- Radio Communications
- Component
- Product
- Software Solution
- Frequency
- High Frequency
- Ultra High Frequency
- Data Link Type
- Link 11
- Link 16
- Link 22
- Other Data Link Types
- Point of Sale
- OEM
- Aftermarket
- Military Standard
- MIL STD 6011
- MIL STD 6016
- MIL STD 6017
- MIL STD 6020
- MIL STD 3011
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
A list of the Key Players of the Global Tactical Data Link Market is:
L3harris Technologies (US), Honeywell International Inc (US), General Dynamics Corporation (US), Lockheed Martin Corporation (US), ViaSat (US), Leonardo S. P. A. (Italy), BAE Systems (UK)
The Global Tactical Data Link Market Scope can be Tabulated as below:
Parameter | Details |
---|---|
Market Size Provided for Years | 2017 - 2030 |
Base Year | 2022 |
Historic Years | 2017 - 2021 |
Forecast Years | 2023 - 2030 |
Segments Covered |
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Regions & Counties Covered |
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Companies Covered |
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |