Sarasota, FL -- (SBWIRE) -- 01/25/2019 -- 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.

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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.

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.

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.

The presence of major manufacturers in North America that includes Raytheon, Rockwell Collins, L3 Technologies, Northrop Grumman, ViaSat and a large number of military aircraft deliveries have contributed to the growth of the tactical data link market in North America. The Asia Pacific will witness growth in the tactical data link market in the near future due to increased geopolitical tension.

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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.

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)

Browse the full "Tactical Data Link Market" report at https://www.zionmarketresearch.com/report/tactical-data-link-market

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