Tactical Data Link Market Trend – Rising adoption of modern warfare techniques.
VANCOUVER, BC, CANADA, May 6, 2022 /EINPresswire.com/ — The global tactical data link market size is expected to reach USD 9.14 Billion by 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Growing adoption of advanced warfare solutions and technologies, rising demand for improved interoperability between military forces, and increasing concerns regarding security threats and terrorist attacks are major factors boosting revenue growth of the global tactical data link market. Tactical data link solution offers secured communication service through radio waves or cables. This communication service is primarily used by armed forces across various applications such as electronic warfare, command and control, radio communication, and Intelligence, Surveillance, and Reconnaissance (ISR).
The researchers have considered all the factors influencing the growth of the Tactical Data Link market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Tactical Data Link market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Tactical Data Link market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
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Some Key Findings in the Report:
In March 2019, Curtiss-Wright Corporation acquired Tactical Communications Group, LLC for USD 50 Million. The acquisition helped Curtiss-Wright Corporation to enhance its flight test instrumentation offering with tactical data link processing software, analytics, and visualization capabilities.
Air-based segment is expected to register a CAGR of 6.5% throughout the forecast period. Air-based tactical data link provides long-distance communication and helps to detect and measure the range of moving objects in the air.
Europe accounted for second-largest revenue share in the global market in 2020. Key factors such as growing application of tactical data link in the defense sector and presence of numerous key players are driving revenue growth of the market in this region.
The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Tactical Data Link market.
Furthermore, the report provides details about the new players entering the market, entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
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Key Players operating in the Tactical Data Link industry are:
L3 Technologies, Rockwell Collins, Raytheon, General Dynamics, ViaSat, Northrop Grumman, BAE systems, Curtiss-Wright Corporation, Saab AB, and Thales Group.
For the purpose of this report, Emergen Research has segmented the global tactical data link market based on platform, application, component, and region:
Platform Outlook (Revenue: USD Billion; 2020–2028)
Application Outlook (Revenue: USD Billion; 2020–2028)
Command & Control
Intelligence, Surveillance, & Reconnaissance (ISR)
Component Outlook (Revenue: USD Billion; 2020–2028)
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The Global Tactical Data Link Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Tactical Data Link market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global Tactical Data Link Market added by Emergen Research demonstrates that the global Tactical Data Link market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Tactical Data Link market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
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Radical Features of the Tactical Data Link Market Report:
The report encompasses Tactical Data Link market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Tactical Data Link industry
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Finally, all aspects of the Tactical Data Link Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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