Market Research Future (MRFR) has published on the “Global Military Data Links Market”.
Military Data Links Market Highlights
The military data links market is estimated to register a CAGR of 5.3% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global military data links market— L3Harris Technologies, Honeywell International, General Dynamics Corporation, Lockheed Martin Corporation, Elbit System, Leonardo S.P.A, BAE Systems, Raytheon Technologies Corporation, Thales Group, Northrop Grumman, and among others.
Market Highlights
The global military data links market is accounted for to register a CAGR of 5.3% during the forecast period and is estimated to reach USD 11,084.4 million by 2032.
Military data links are special advanced communication systems that are used in weapon, reconnaissance, and command and control systems. They play a key role in modern military operations as they enable the armed forces’ different units and weapon systems to communicate with one another in real time and exchange essential information.
According to SIPRI, in 2023, global military expenditure increased by 6.8% in real terms to a record $2433 billion; the increase was primarily driven by Russia's invasion of Ukraine and rising geopolitical tensions. Notably, military spending rose in all five geographical regions for the first time since 2009 and accounted for 2.3% of the global GDP. The United States, China, Russia, India, and Saudi Arabia continue to constitute the top five in 2023 and account for 61 per cent of global military spending. USA and China retained their positions as the world's two largest spenders, with the US allocating US$916 billion and China an estimated US$296 billion. It means Russia's military spending surged 24% to $109 billion, while Ukraine emerged as the eighth-largest spender and hiked spending by 51% to $64.8 billion, equal to 37% of its Gross Domestic Product. NATO member states spent a total of $1.341 trillion in 2023, with 11 members reaching NATO's goal of spending at least 2% of their Gross Domestic Product on the military.
Military Data Link market is crucial to the contemporary war fighting functions as they need secure and ultra-high speed communication services for the command and control, intelligence, surveillance & reconnaissance (ISR) and targeting. The industry’s key players include L3Harris Technologies, Honeywell International, General Dynamics Corporation, Lockheed Martin Corporation, Elbit Systems, Leonardo S. P. A., BAE Systems, Raytheon Technologies Corporation, Thales Group, and Northrop Grumman. These companies possess great experience and resources in creating sophisticated data link systems that would fit the militaries’ stringent standards across the world.
Incumbent players in Military Data Link market continue to dominate the market due to expanded worldwide presence and established connections with defense clients. It has a versatile after sales service that includes maintenance, upgrade and management of the lifecycle of the products. It also increases their market position and gains trust from defence stakeholders through this commitment to customer satisfaction. It is to be understood that small and new entrant firms sometimes launch new specific products or specific solutions, but they are not big enough or have adequate financial muscle to cause any strategic disruptions. The competition structure thus remains predominantly defined by the dynamics of strategies and capabilities of these industry goliaths who persistently invest in R&D to set industry trends.
Access full report @ https://www.marketresearchfuture.com/reports/military-data-links-market-32695
Segment Analysis
The global military data links market has been segmented based on Platform, Application, Component, Band, Frequency, Link Type, Point-of-Sale, and Military Standard.
Based on platform, global military data links market has been segmented into ground, airborne, naval, unmanned systems, and weapons. The airborne segment captured the largest share in the market in 2023 while naval segment expected to grow with the fastest CAGR during the forecast period.
Based on application, global military data links market has been segmented into command and control, intelligence, surveillance, & reconnaissance, and radio communication. In application segment, command and control is the dominating segment in 2023, while radio communication is the fastest growing segment in the global market.
Based on component, global military data links market has been segmented into terminals, radio sets, modems, routers, controllers, transceivers, monitors, and others. In component segment terminals sub segment captured the highest market share in 2023 and monitors sub segment expected to grow with the highest CAGR during the forecast period.
Based on band, the global military data links market has been segmented into Ka/K Band, X-Band (Air to Ground), Ku Band, S-Band, C-Band, L-Band, HF Band, VHF Band, and UHF Band.
Based on frequency, global military data links marker has been segmented into high frequency and ultra-high frequency.
Based on link type, global military data links market has been segmented into Link 11, Link 16, Link 22, JREAP-A, JREAP-C, and VMF.
Based on point-of-sale, military data links market has been segmented into OEM and Aftermarket.
Based on military standard, military data links market has been segmented into MIL STD 6011, MIL STD 6016, MIL STD 6017, MIL STD 6020, and MIL STD 3011.
Regional Analysis
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South and Central America. North America consists of the U.S, Canada, and Mexico. The North America Military Data Links Market forms an integral part of the global military data links landscape, mainly driven by huge investments and technological advancements in the region.
Europe region consists of Germany, UK, France, Italy, Spain, Austria, Netherlands, Belgium, Sweden, Denmark, Norway, Poland, Portugal, Turkey, and Rest of Europe for the study. One such critical development in this region is the project "ESSOR MIDS" between four European countries—France, Germany, Italy, and Spain—and the European Commission to implement a next-generation secured data and voice communication system based on the Link 16 Tactical Data Link, TADIL C standard.
OEMs and system integrators in the region are working closely with defense agencies to develop customized solutions that meet the specific operational needs of the military forces. Factors such as the growing military budgets, the adoption of next-generation communication technologies, and the emphasis on interoperability among allied forces are expected to drive the growth of the Asia-Pacific military data links market over the forecast period.
Key Findings of the Study
- The global military data links market is expected to reach USD 11,084.4 million by 2032, at a CAGR of 5.3% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market.
- Based on platform, the airborne segment was attributed to holding the largest market in 2023.
- L3Harris Technologies, Honeywell International, General Dynamics Corporation, Lockheed Martin Corporation, Elbit System, Leonardo S.P.A, BAE Systems, Raytheon Technologies Corporation, Thales Group, Northrop Grumman, and among others are some of the players in the market.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.