Press release
Tactical data link Market is Expected to Grow $10.68 Billion at a CAGR of 6.2% within Forecast Period 2024-2033
Tactical data link Market Report
The Business Research Company offers in-depth market insights through Tactical data link Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The tactical data link market size has grown strongly in recent years. It will grow from $7.89 billion in 2023 to $8.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to military modernization and network-centric warfare, enhanced command and control capabilities, interoperability requirements among allied forces, situational awareness and information sharing, defense budget allocations and procurement.
The tactical data link market size is expected to see strong growth in the next few years. It will grow to $10.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to evolution of multi-domain operations, cybersecurity and electronic warfare concerns, integration with unmanned systems and platforms, global military alliances and cooperation, increasing threats and contingency preparedness. Major trends in the forecast period include multi-domain operations, advanced encryption and security protocols, reduced size, weight, and power (swap), real-time data analytics, satellite communication integration.
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Market Segmentation:
The tactical data link market covered in this report is segmented -
1) By Solution: Hardware, Software
2) By Data Link Type: Link 11, Link 16, Link 22, Other Data Link Types
3) By Platform: Air, Ground, Sea
4) By Application: Command And Control, Intelligence, Surveillance And Reconnaissance (ISR), Electronic Warfare, Radio Communication, Situational Awareness
Major Driver - Rising Military Expenditure Fuels Growth In Tactical Data Link Market
The increasing military expenditure is expected to propel the growth of the tactical data link market going forward. Military expenditure is the government's money to provide its military with personnel, weapons, and equipment. Tactical data connections secure military communication protocols that allow platforms and missions to share tactical data. For instance, in April 2022, according to global military spending data published by Stockholm International Peace Research Institute (Sipri), a Sweden-based data analysis and recommendation provider for armed conflict military expenditure research institute, global military spending increased by 0.7% in 2021, resulting in a total expenditure of $2113 billion. Further, according to data provided by World Bank, a US-based international financial institution, the military expenditure of the united states increased to $800.67 billion in 2021 from $778.4 billion in 2020. Therefore, the increasing military expenditure is driving the growth of the tactical data link market.
Competitive Landscape:
Major companies operating in the tactical data link market report are General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, Thales Group, Harris Corporation, Leonardo SpA, RTX Corporation, L3Harris Technologies Inc., Saab AB, Honeywell International Inc., Tactical Communications Corporation, Science Applications International Corporation, Aselsan AS, Elbit Systems Deutschland GmbH & Co. KG, ViaSat Inc., Lockheed Martin Corporation, Curtiss-Wright Corporation, Calian Group Ltd., Comtech Telecommunications Corp., Datron World Communications Inc., DRS Technologies Inc., Echodyne Corporation, Emerson Electric Co., Hewlett Packard Enterprise Company, International Business Machines Corporation, Inmarsat plc, InterDigital Inc., Kratos Defense & Security Solutions Inc., Speedcast International Limited, Singapore Technologies Engineering Ltd. .
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Top Trend - Technological Innovations Drive Advancements In The Tactical Data Link Market
Technological innovations are a key trend gaining popularity in the tactical data link market. Major companies operating in the tactical data link market are adopting new technologies to sustain their position in the market. For instance, in November 2022, Curtiss-Wright Defense Solutions, a US-based defense and space manufacturing company specializing in tactical data link products and services, introduced Link 22 support for its established range of tactical data link (TDL) solutions to enhance interoperability and capabilities for the US military and coalition partners. Curtiss-Wright Defense Solutions has integrated the new Link 22 capability into its TCG product line, which includes the LinkPRO Tactical Data Link Processing Software, the Ground Tactical Data Link System, and the Battlefield Operations Support System TDL testing and platform integration solution. Link 22 is a secure digital radio system used by NATO to provide beyond-line-of-sight communications in the HF and UHF bands. This integration allows customers to streamline their TDL certification program and avoid the need for maintaining separate systems, as well as the requirement to learn multiple user interfaces.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Tactical data link Market Characteristics
3. Tactical data link Market Trends And Strategies
4. Tactical data link Market - Macro Economic Scenario
5. Tactical data link Market Size And Growth
…..
27. Tactical data link Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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