The new report by Expert Market Research titled, ‘Global Combat Management System Market Share, Report and Forecast 2022-2027’, gives an in-depth analysis of the global combat management system market, assessing the market based on its segments like components, sub systems, platforms, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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Combat Management System Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 3.7%
The cutting-edge solutions by leading companies are predicted to drive the global combat management system market. Navy combat drills in near-shore seashore provinces happen more often are more likely as anti-ship missile threats increase, demanding significant advancements in ship self-defence capabilities.
These factors necessitate automated battle management systems for navy ships. It is anticipated that one of the key factors propelling the market for combat management systems would be security in the defence mechanism. The amount of technology and encroachment used in combat management systems has consistently increased dramatically as a result of countries’ aim of establishing their own armed forces, which is driving the market expansion.
Combat Management System Industry Definition and Major Segments
A complete real-time decision support system known as a “combat management system” consists of a number of programmes that were created specifically to carry out centralised control and combat for a warship. It is a recommendation system that makes use of surface, air, and subsurface sensors to gather environmental data, create a single tactical picture, and choose which activities to carry out based on the current scenario.
By component, the market is classified into:
o Control Consoles
o Combat Data Centres
o Data Network Switchers
Based on sub-system, the market is segmented into:
• Self-defence Management System
• Identification Systems
• Weapon Management Systems
• Track Management Systems
• Display Systems
• Situational Awareness Systems
• Unmanned Vehicle Control Systems
By platform, the market is divided into:
• Amphibious Ships
• Fast Attack Craft (FAC)
• Aircraft Carriers
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Combat Management System Market Trends
An increase in military spending in emerging countries is the major driver escalating the market growth. Also, an increase in military spending in developing countries, a rise in the need for safety in defence and naval services, and continuous improvement in control operation and efficiency to navigate vehicles, among others, are the major factors driving the combat management system market growth.
Moreover, an increase in the focus on military modernization will further create new opportunities for the combat management system market manufacturers in the forecast period. The global market is also driven by the growing ship-building activities and the rising deliveries of combat vessels in several regions.
Key Market Players
The major players in the market are:
- BAE Systems Plc.
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Saab AB
- Leonardo S.p.A.
- Elbit Systems Ltd.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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