New York, NY, Aug. 24, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Tactical Data Link Market by Platform (Air-based, Land-based, Sea-based and Weapon-Based), by Components (Hardware and Software) and by Application (Intelligence, Surveillance, & Reconnaissance (ISR), Radio Communication, Command and Control (C2) and Electronic Warfare (EW)): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, the global tactical data link market accounted for USD 5,047.85 million in 2017 and is expected to reach USD 8,174.93 million by 2024, growing at a CAGR of around 7.13% between 2018 and 2024.
Tactical data links are open up situation awareness in the combat zone. Homeland security such as coast guard has many advantages from interoperability with supporting military armed forces. Tactical data links support and offer situational awareness for disaster relief, in case rural or regional infrastructure is inadequate or ruined. Tactical data links have the capabilities to provide the information securely. It helps in passing the accurate and assured, situational awareness information during the on-going operations, with the help of flexible and secure data systems.
Browse through 42 Tables & 26 Figures spread over 139 Pages and in-depth TOC on “Global Tactical Data Link Market Size & Share 2017 Report: Industry Type, Technology, Applications, Analysis and Forecast, 2024”.
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Global tactical data link market is primarily driven by increased geopolitical tension and security threats. In addition, demand for improved interoperability among forces is major a major driving factor predicted to contribute to the growth of global tactical data link market in near future. On a contrary, stringent military standards are expected to hinder the growth of tactical data link market in coming years. Nonetheless, purging of moving time-sensitive targets and requirement of accurate and real-time information in the battlefield are some of the factors predicted to disclose new avenues for tactical data link market in the near future.
The huge investments in electricity transmission & distribution in order to reduce power losses in various developing markets of Asia, Latin America and Africa are expected to prompt the growth of tactical data link market in coming years. Urbanization & industrialization tends to increase power need & simultaneously helps to further fuel demand for tactical data links. Rising demand for tactical data links from manufacturing industries and processing industries for protecting expensive industrial machinery from damages in case of electrical short circuits or others circumstances further flourishes the market.
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The intelligence, surveillance, & reconnaissance segment, based on application dominated the tactical data link market in 2017. It helps in collecting information that relates to the enemy movements on the battlefield. The information is gathered with the help of electronic sensors. Air-based platform segment held the largest market share in 2017, the growth of this segment is mainly attributed to an increase in the demand for fixed wing and rotary wing aircraft and UAV. The use of advanced tactical data link for the attack, situational awareness, and command control are the emerging trends in military aircraft. Hardware component segment held the largest market share for tactical data link market in 2017. Tactical data link comprises communication networks, sensors, and computer & interface hardware, which are the major parts used for developing comprehensive operations.
North America holds the largest market share in the tactical data link market owing to the presence of major players that have the largest share in the market that includes Rockwell Collins Raytheon, L3 Technologies, ViaSat, and Northrop Grumman which contributes in the growth of the tactical data link market in this region. In addition, the U.S. spends more on the defense budget in the world along with several equipment modernization programs that include network communication capability program (NCCP), and robust tactical data link modernization (RTDLM) project which also contributes in the growth of tactical data link market in the region. Europe is estimated to witness significant growth in the tactical data link market as military forces are seeking to achieve NATO interoperability requirements. In addition, the requirement for situational awareness has led to the significant growth in the tactical data link market in the region.
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The developing economies in Latin America also have a potential market for the further growth of the tactical data link market. Brazil, Chile, and Peru are expected to be the key contributing countries for the growth of the market owing to demand advanced communication systems.
APAC has major emerging economies that are adopting advanced technologies for better opportunities. Apart from stringent standards, the defense equipment should meet weight, size, and power requirements which are fitted in the military aircraft.
Browse the full "Tactical Data Link Market by Platform (Air-based, Land-based, Sea-based and Weapon-Based), by Components (Hardware and Software) and by Application (Intelligence, Surveillance, & Reconnaissance (ISR), Radio Communication, Command and Control (C2) and Electronic Warfare (EW)): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/tactical-data-link-market
Some of the key players in the tactical data link market are Northrop Grumman, Rockwell Collins, L3 Technologies, Raytheon, ViaSat, Leonardo, BAE Systems, General Dynamics, and Saab AB., amongst others.
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This report segments the global tactical data link market as follows:
Global Tactical Data Link Market: Platform Segment Analysis
- Air-based
- Land-based
- Sea-based
- Weapon-Based
Global Tactical Data Link Market: Components Segment Analysis
- Hardware
- Software
Global Tactical Data Link Market: Application Segment Analysis
- Intelligence, Surveillance, & Reconnaissance (ISR)
- Radio Communication
- Command and Control (C2)
- Electronic Warfare (EW)
Global Tactical Data Link Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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