Tactical Data Link Market worth 6.43 Billion USD by 2022
Tuesday 17 October 2017, Amsterdam
The report "Tactical Data Link Market - Global Forecast to 2022", The tactical data link market is projected to grow from USD 4.76 Billion in 2017 to USD 6.43 Billion by 2022, at a CAGR of 6.17% from 2017 to 2022.
The demand for improved interoperability among forces and increased geopolitical tensions and security threats are the major factors driving the tactical data link market.
Based on platform, the air-based (fixed wing, rotary wing, and UAV) segment of the tactical data link market is estimated to grow at the highest growth rate during the forecast period. The airborne tactical data link can be used to provide high capacity and long-range communications for the use of satellite-based services. Use of tactical data link for airborne is important as active radar sensor tracking objects moving in the air can provide accurate ranging measurements and critical data on a real-time basis.
Based on subsystem, the command & control segment of the tactical data link market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing need to enable military forces to make decisions and control their forces in tactical situations. Tactical data link provides a means of effective command and control by enabling transmission of tactical information on a real-time or near real-time basis. This tactical information helps the military commander in making informed decisions based on target enemy status.
Based on component, the software segment of the tactical data link market is projected to grow at a high rate during the forecast period. Software plays a vital role in allowing embedded designs of tactical data link to combine hardware capabilities seamlessly and without much cost with the existing infrastructures. Software components focus substantially on communication and networking elements. It ensures connectivity of various hardware components and provides a holistic picture of systems and personnel in the battlefield.
The tactical data link market in North America is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rising terrorist activities as well as the various military equipment modernization programs, such as Army’s Combat Ground Systems, which have driven major defense manufacturers of the region to develop more advanced tactical data link such as Link 16 and Link 22.
Major companies profiled in the tactical data link market report are L3 Technologies (US), Rockwell Collins (US), Raytheon (US), General Dynamics (US), and ViaSat (US).