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Global Tactical Data Link Market Projected to Reach USD 10,283 Million by 2026: Facts & Factors

10-14-2020 02:56 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Facts & Factors

According to a research report published by Facts and Factors, the global tactical data link market in 2019 was approximately USD 5923.1 Million. The market is expected to grow above a CAGR of 8.4% and is anticipated to reach over USD 10,283 Million by 2026.

A tactical data link is a standardized communication link designed for the transmission of digital information. This information is transferred through multiple communication media in the form of radio waves, by cables, etc. The tactical data links coordinates between two or more command and control or weapon systems through single or multiple network architecture. For enhancing the coordination between the armed forces for effective operations, the demand for tactical data link systems is rising. With the age of modern warfare, such advanced communication systems are gaining significant demand for effective ops and counter ops. The maritime, airborne, and land radio communications at high speed can be transferred with the use of tactical data links through a secure network. Therefore, the market for the tactical data link is expected to witness increased sales across nations.

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Additionally, the rising geopolitical tensions and security threats are boosting the market growth. Vulnerable relations and the possibility of aggression, as well as the growing threat from a terrorist with improved weaponry, has increased the requirement of advanced communication between the armed force and commanding units.

However, the rising stringent military norms and limited budget are expected to restrict market growth. The military requirement of specific requirements stalls the acquisition and sale process for a long time as newer solutions require time for the proposed modification. The limited budget poses a significant challenge for the armed force leaving the acquisition of tactical systems in a deep dilemma.

Major players operating in the global tactical data link market covered in this report include Saab AB, Rockwell Collins, L3 Technologies, Northrop Grumman, ViaSat, Raytheon, Leonardo, General Dynamics and BAE Systems.

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The intelligence, surveillance, and reconnaissance application are expected to generate maximum demand for the tactical data link systems. The ISR plays important role in gathering information about the adversary's position and movements, which is essential and vital information for intended operations.

The airborne platforms are expected to remain the primary platforms equipped with tactical data links. The rising sale of unmanned aerial vehicles for surveillance has further catalyzed market growth. With military establishments prioritizing the use of the advance tactical data links for situational awareness and command & control. The hardware segment is expected to continue the dominating trend. Sensors, computers, and interfaces are major component used in the formation of holistic command and control unit.

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The North America region is expected to be the highest revenue generating region for the global tactical data link market. The United States is major contributor in the region. The high defence budget and inclination towards advance warfare systems have led to market growth in the United States. Additionally, the presence of prominent defence equipment manufacturing companies and high investment in research and development are catalysing the market growth in the region.

Browse detail report with in-depth TOC @ https://www.fnfresearch.com/tactical-data-link-market-by-platform-air-based-1249

This report segments the global tactical data link market as follow:

Global Tactical data link Market: By Platform Segmentation Analysis

Air-based
Land-based
Sea-based
Weapon-Based

Global Tactical data link Market: By Component Segmentation Analysis

Hardware
Software

Global Tactical data link Market: By Application Segmentation Analysis

Intelligence, Surveillance, & Reconnaissance
Radio Communication
Command and Control
Electronic Warfare

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About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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