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Tactical Data Link Market Trends, Industry Share, Growth Drivers, Business Opportunities and Demand Forecast to 2027

Subhu Chougale Subhu Chougale
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The global

tactical

data link market

size is projected to reach USD 9.88 billion by

the end of 2027. The increasing investment in technological intervention will

emerge in favor of market growth. According to a report published by Fortune

Business Insights, titled “Tactical Data Link Market Size, Share and Industry

Analysis by Solution (Hardware, and Software), By Platform (Air, Ground, and

Sea), By Application (Command & Control, Intelligence, Surveillance &

Reconnaissance (ISR), Electronic Warfare, Radio Communication, and Situational

Awareness), and Regional Forecast, 2020 - 2027,” the market was worth USD 6.14

billion in 2019 and will exhibit a CAGR of 9.54% during the forecast period,

2020-2027. 



Tactical data link solutions are a

communication standard that is widely used across the defense and military

sector for the transfer of critical information. Recent technological advances

have led to a wider application scope. The ability of tactical data link

solutions to operate in real-time will contribute to the growing adoption of

the product across the world. The increasing terrorist activities have led to

an emphasis on the development of efficient TDL solutions. The increasing

emphasis on the R&D of TDL solutions will open up a huge potential for the

companies operating in the market. The high investment in the product R&D

will create several opportunities for the growth of the tactical data link

market in the forthcoming years. Increasing international disputes among

neighbouring countries across the world will lead to an increased demand for

the product across the world.



Increasing

Number of Company Mergers will Aid Growth



The report encompasses several factors that have

contributed to the growth of the overall market in recent years. Among all

factors, the increasing number of company mergers and acquisitions has made the

highest impact on market growth. In February 2017, the US Navy announced that

it has signed a contract with Leonardo Company DRS Technologies Inc. The

company announced that the company will deliver new tactical data link for the

next ten years. The contract is said to be worth USD 22 million. US Navy’s

latest contract with Leonardo Company DRS will not just help Leonardo generate

a massive revenue in the coming years, but will also have a direct impact on

the growth of the overall market in the coming years. The report highlights a

few of the other company mergers and collaborations of recent times and gauges

their impact on the growth of the overall tactical data link market in the

foreseeable future.



List of companies profiled in the

report:



·      

BAE

Systems (The U.K.)



·      

Curtiss-Wright

Corporation (The U.S.)



·      

Elbit

Systems Ltd. (Israel)



·      

General

Dynamics Corporation (The U.S.)



·      

Honeywell

International, Inc. (The U.S.)



·      

L3Harris

Technologies, Inc. (The U.S.)



·      

Leonardo

SpA (Italy)



·      

Northrop

Grumman Corporation (The U.S.)



·      

Raytheon

Technologies Corporation (The U.S.)



·      

Saab

AB (Sweden)



·      

Thales

Group (France)



·      

Viasat,

Inc. (The U.S.)



 



Industry

Developments:





Information Source: -



https://www.fortunebusinessinsights.com/tactical-data-link-market-103189