Press release
Tactical Data Link Market Projected to reach $10.3 billion by 2027
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Unmanned Systems segment of the Tactical Data Link Market by platform, to grow at highest CAGR during the forecast period
Based on platform, the Unmanned Systems segment is projected to grow from USD 792 million in 2022 to USD 1,082 million by 2027, at a CAGR of 6.4% during the forecast period. The growth can be attributed to the increasing use of UAVs across various industries, as well as increasing demand of UAVs for both military and commercial application.
Product segment to command the Tactical Data Link Market by component, during the forecast period
Based on component, the product segment is projected to grow from USD 5,326 million in 2022 to USD 6,862 million by 2027, at a CAGR of 5.2% during the forecast period. The growth can be attributed to the higher adoption of technologically advanced tactical data link products owing to the ease of operation and maintenance.
OEM segment to dominate the Tactical Data Link Market by point of sale, during the forecast period
Based on point of sale, the OEM segment is projected to grow from USD 5,292 million in 2022 to USD 6,825 million by 2027, at a CAGR of 5.2% during the forecast period.
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North America region accounts for largest market share in tactical data link market
North America led the tactical data link market in 2022, with the US accounting for the largest share of the regional market. The growing demand for tactical data link in the US and Canada for unmanned aerial vehicles and unmanned ground vehicles for different military applications are key factors driving the market in North America.
Major Tactical Data Link Market players present in North America include as L3harris Technologies (US), Honeywell International Inc (US), General Dynamics Corporation (US), Lockheed Martin (US), ViaSat (US).
News also covered: https://www.prnewswire.com/news-releases/tactical-data-link-market-worth-10-3-billion-by-2027--exclusive-report-by-marketsandmarkets-301577712.html
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