Combat Management System Market Forecasts to 2028 – Global Analysis By Platform (Submarines, Corvettes, Aircraft Carriers), Component (Hardware, Software), Sub-System (Track Management, Unmanned Vehicle) and By Geography
According to Stratistics MRC, the Global Combat Management System Market is accounted for $346.29 million in 2020 and is expected to reach $543.66 million by 2028 growing at a CAGR of 5.8% during the forecast period. Rising enhanced situational awareness, anti-warfare capabilities and increase in the spending on military sector are driving the market growth. However, the high implementation cost is hampering the growth of the market.
Combat management system is a computer system, which integrates all equipment into a single system so that it directs weapon sensors and weapons to destroy the incoming threat. Moreover, this system also directs accurate and fast-reacting fusion, analysis and transmission of great amounts of sensor data to guarantee the efficient deployment of ships.
Based on the platform, the destroyers segment is going to have lucrative growth during the forecast period to the fact that a destroyer is a fast, manoeuvrable, long-endurance warship, which can be used to escort larger vessels in a fleet, convoy, or battle group and defend them against powerful short-range invaders.
By geography, Asia Pacific is going to have high growth during the forecast period due to the growing ship building activities and increasing deliveries of combat vessels in the region. Asia Pacific countries, such as China, India, and Japan, are also increasingly investing in the development of future-centric naval technologies and are prominently credited to escalate ship building activities and conveyances of combat vessels in the region.
Some of the key players profiled in the Combat Management System Market include BAE Systems Plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Saab AB, Thales Group, Hanwha Corporation, Elbit Systems Ltd, Bharat Electronics Limited (BEL), Leonardo S.p.A., Israel Aerospace Industries Ltd and Kongsberg Gruppen.
Estimated Market Size in 2020:
USD 346.29 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 543.66 million
Tables, Graphs& Figures
Platform, Component, Sub-System and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Aircraft Carriers
• Fast Attack Craft (FAC)
• Amphibious Ships
• Weapon Management System
• Track Management System
• Unmanned Vehicle Control System
• Self Defense Management System
• Display System
• Situational Awareness System
• Identification System
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Combat Management System Market is majorly driven by rising enhanced situational awareness, anti-warfare capabilities and increase in the spending on military sector.
The destroyers segment is growing at a highest CAGR due to the fact that a destroyer is a fast, manoeuvrable, long-endurance warship, which can be used to escort larger vessels in a fleet, convoy, or battle group and defend them against powerful short-range invaders.
North America dominated with a significant market share due to the factors such as growing ship building industry activities and owing to technological advancements along with the presence of most major CMS companies in the region.
Asia Pacific market is growing at a highest CAGR due to the growing ship building activities and increasing deliveries of combat vessels in the region also increasingly investing in the development of future-centric naval technologies.
Key players in Combat Management System Market include BAE Systems Plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Saab AB, Thales Group, Hanwha Corporation, Elbit Systems Ltd, Bharat Electronics Limited (BEL), Leonardo S.p.A., Israel Aerospace Industries Ltd and Kongsberg Gruppen.
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