Combat Management System Market to offer a healthy CAGR of 5.2% during 2020-25
February 13, 2020
Combat Management System Market Overview:
Combat Management System Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Some of the prime drivers contributing to the growth of the global combat management system market comprise the rising demand for advanced situational awareness systems in naval ships and submarines and the upsurge in the upgradation of combat management systems by different navies across the globe.
Report Overview:
This new report from Stratview Research analyses the Combat Management System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Combat Management System Market Segment Insights:
Unmanned Vehicle Control Systems: The growth engine
Based on the sub-system type, the market is segmented as self-defense management system, identification systems, weapon management systems, track management systems, display systems, situational awareness systems, and unmanned vehicle control systems. The unmanned vehicle control systems segment is estimated to depict the highest growth, driven by the rising acceptance of unmanned vehicles, such as UAVs, UUVs, and UGVs in naval combat operations, during the forecast period.
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Dominance of: Software and Corvettes
Based on the component type, the market is segmented as software and hardware. The hardware segment has been further sub-segmented into control consoles, combat data centers, and data network switchers. The software segment dominated the market in 2019, and is also anticipated to register a higher growth during the forecast period. The growth of the segment can be attributed to the high development cost of software, which is based on the intricate architecture of combat management system.
Based on the platform type, the market is segmented as destroyers, submarines, frigates, amphibious ships, corvettes, fast attack craft (FAC), and aircraft carriers. The corvettes segment is estimated to witness the highest growth during the forecast period, owing to the rise in deliveries of corvettes across the globe.
A highly/moderately/fragment consolidated Market
Some of the major players in the combat management system market are BAE Systems plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Kongsberg Gruppen, Lockheed Martin Corporation, Leonardo S.p.A., Northrop Grumman Corporation, The Raytheon Company, Saab AB, and Thales Group.
Regional Hegemony of North America
In terms of regions, the Asia-Pacific market is projected to account for the highest growth in the coming five years. China, India, and Japan are the growth engines of the region and are also, exceedingly investing in the development of future-centric naval technologies. The market is driven by the growing ship building activities and the rising deliveries of combat vessels in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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