Tactical Data Link Market Size to Reach USD 9.88 Billion by 2027; Applications in Military and Defense Sector Will Aid Growth, says Fortune Business Insights™

Pune, July 06, 2020 (GLOBE NEWSWIRE) — 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 Covid-19 Impact 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. The novel coronavirus, COVID-19, has cast an unprecedented effect on several businesses across industries. While some industries are experiencing significant loss owing to the lockdown announced by the federal governments globally, collective efforts from the government and the industries will ensure that the testing times may soon pass away.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/tactical-data-link-market-103189 Increasing Number of Company Mergers will Aid GrowthThe 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 a 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 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.https://www.fortunebusinessinsights.com/tactical-data-link-market-103189 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:May 2017 – Leonardo DRS, a subsidiary of Leonardo SpA announced that it has received several orders for Link-11 and Link-12 communication systems and associated equipment.
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IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and PartnershipsLatest technological AdvancementsPorters Five Forces AnalysisSupply Chain AnalysisQualitative InsightsImpact of COVID-19 on the Tactical Data Link MarketSupply Chain ChallengesSteps Taken by the Industry/Government/Companies to Overcome the ImpactKey Developments in the Industry in Response to COVID-19Potential Opportunities due to COVID-19 OutbreakTOC Continued…!!!
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