ID: MRFR/A&D/8825-HCR | February 2023 | Region: Global | 168 Pages
Combat Management System Market In On A Valuation 365.5 Million By 2030, Global Market Is Likely To Grow At A Global CAGR Of 3.57% By 2020-2030
$365.5 Million
3.57%
North America
2020-2030
Combat management systems assist in planning combat missions, coordinating entities while performing combat missions, placing intelligence statistics on the map, and investigating errors by retrieving the history module. Additionally, these systems also provide accurate fusion, analysis, and transfer of a large amount of sensor data to guarantee the efficient deployment of ships and other resources within the framework of combined operations, particularly in the complex threat scenario of littoral warfare.
Market Synopsis
Combat Management System Market is expected to register significant growth during the study period owing to factors such as the demand for intelligent combat management system solutions and the increasing military modernization programs. Additionally, the increasing instances of mergers and acquisitions in the defense industry are also expected to drive the growth of the market. For example, in February 2018, Safran acquired Zodiac Aerospace, thus expanding its market share and equipment activities.
However, issues related to cybersecurity and the high cost of manufacturing might hamper the growth of the global market.
Market USP
Increasing technological developments such as AI for the battlefield and the growing demand for enhanced situational awareness are expected to drive the growth of the global market.
Combat Management System Market Drivers
Combat Management System Market Restraints
Combat Management System Market Segmentation
By Platform
By Sub-system
By Region
Combat Management System Market Key Players
Report Attribute/Metric | Details |
---|---|
Market Size | Significant Value |
CAGR | 3.52% (2020-2027) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Platform, Sub-System and Component |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Lockheed Martin Corporation (US), Thales Group (France), BAE Systems (UK), Saab AB (Sweden), Kongsberg Gruppen Asa (Norway), Israel Aerospace Industries Ltd. (Israel), Leonardo S.P.A. (Italy), Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), Elbit Systems Ltd. (Israel) and Terma AS (Denmark) |
Key Market Opportunities | Increasing technological developments such as AI for the battlefield and the growing demand for enhanced situational awareness are expected to drive the growth of the global market. |
Key Market Drivers |
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Global combat management system market is projected to thrive at a CAGR of 3.52% during the review period from 2020 to 2026.
Global combat management system market is anticipated to acquire a substantial market value during the review period from 2020 to 2027.
The increasing demand for intelligent combat management system solutions and the growing military modernization programs are estimated to drive the global combat management system market.
The cybersecurity concerns and the expensive cost of manufacture is estimated to hamper the global combat management system market.
Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Terma AS (Denmark), and Northrop Grumman Corporation (US) are some of the established players of the global combat management system market.