"We Envision Growth Strategies Most Suited
to Your Business"
The global tactical data link market size is anticipated to hit USD 11.70 billion by 2029. Fortune Business InsightsTM, in its report titled, “Tactical Data Link Market Size, Share & COVID-19 Impact Analysis, By Solution (Hardware and Software), By Data Link Type (Link 16 and Others), By Platform (Air, Ground, and Sea), By Application (Command & Control, Intelligence, Surveillance, and Reconnaissance (ISR), Electronic Warfare, Radio Communication, and Situational Awareness), and Regional Forecast, 2022-2029”, observes that the market size stood at USD 6.64 billion in 2021 and USD 7.00 billion in 2022, and is projected to exhibit a CAGR of 7.61% between 2022-2029. The increasing cross-border disputes amongst neighboring countries and the growing international security threats are expected to augment the market growth.
This market experienced a short-term impact of the coronavirus pandemic. The supply chain disruptions due to restricted transportation affected the market growth. The closure of manufacturing facilities to curb the virus spread negatively impacted the market growth. However, several economies increased their military expenditures and budgets, which helped the market retain traction. The increasing emphasis on enhancing military communications is likely to favor the market growth during the forecast period.
BAE Systems’ Five-Year Contract to Engineer Systems for the U.S. Navy to Incite Development
In June 2020, BAE Systems entered into a five-year contract worth USD 85.9 million for engineering combat identification and integration systems for the U.S. Navy. The company will support in designing, integrating, producing, installing, testing, and evaluating data link technology for navy ships. The contract also involves quality assurance, laboratory maintenance, repair, logistics, technical management, and in-service engineering support services.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/tactical-data-link-market-103189
Growing International Security Threats & Cross-border Issues to Fuel Market Growth
The growing demand for better interoperability between coalition partners and armed forces for secure communication boosts the advanced solutions and systems manufacturing. Tactical data link solutions’ growing adoption by end-users, owing to the rising necessity for secure communication is projected to fuel the global tactical data link market growth. Terrorist activities have risen exponentially in recent years. This had led to increased defense budgets and fueled the adoption of modern military communication systems and technologies. Moreover, the globally rising cross-border conflicts amongst neighboring countries resulted in increased expenditure on the modernization of conventional communication systems. These factors are collectively anticipated to bolster the growth of the market.
Key Players Secure Contracts to Amplify their Revenues
The market comprises various medium and large-scaled businesses such as Thales Group, BAE Systems PLC, Curtiss-Wright Corporation, Viasat Inc., Raytheon Technologies Corporation, and others. The major market players emphasize developing associated tactical communication equipment, software solutions, and upgraded systems to cater to application demand. They adopt strategies such as acquisitions, long-term contracts with the defense ministry, mergers, and extensive research and development. For instance, in November 2020, the Department of Defense AIMS program office certified BAE Systems’ Identification Friend-or-Foe Transponder for F-22 Raptor that uses tactical data link 16 in its air navigation system waveforms.
Key Industry Development-
List of Key Market Players-
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2018-2029 |
Base Year | 2021 |
Estimated Year | 2022 |
Forecast Period | 2022-2029 |
Historical Period | 2018-2020 |
Unit | Value (USD Billion) |
Segmentation | By Solution, Data Link Type, Platform, Application, and Geography |
By Solution
| |
By Data Link Type
| |
By Platform
| |
| By Application
|
By Geography
|
|