DUBLIN, Aug. 22, 2023 /PRNewswire/ — The “Combat Management Systems: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Combat Management Systems estimated at US$333.1 Million in the year 2022, is projected to reach a revised size of US$448.9 Million by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030.
Software, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$354.7 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 3.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $102.9 Million, While China is Forecast to Grow at 5.7% CAGR
The Combat Management Systems market in the U.S. is estimated at US$102.9 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$90.9 Million by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Select Competitors (Total 38 Featured) –
- ASELSAN A.S.
- ATLAS ELEKTRONIK GmbH
- Atos SE
- BAE Systems plc
- Bharat Electronics Limited (BEL)
- ECA Group
- Elbit Systems Ltd
- Hanwha Systems Co., Ltd
- Kongsberg Gruppen ASA
- Leonardo DRS
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Saab AB
- Tata Advanced Systems Limited
- Terma A/S
- Thales S.A.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Leaves the Global Economy in Shambles
- Where Does this Leave Defense Spending?
- Japan Defense Budgets: A Pre & Post COVID-19 Comparison (In US$ Billion)
- UK Defense Budget: A Pre & Post COVID-19 Comparison (In US$ Billion)
- Combat Management System (CMS): A Prelude
- Software Segment to Achieve Higher Growth
- Ever-Hostile Geopolitical Scenario and Relentless Quest for Military Supremacy Create Ample Room for Advanced Naval Technologies such as CMS
- Global Military Spending (in US$ Billion) for the Years 2006 through 2022
- Military Expenditure as a % of GDP in Selct Countries
- Emerging Markets Remain Long-Term Driving Forces for Combat Management Systems
- Combat Management Systems – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Artificial Intelligence (AI) Steps In to Add Next Generation Capabilities to CMS
- Application of AI in Unmanned Vehicles to Drive Opportunities
- The US and China Seek Early Adopter Advantage in AI-Powered CMS
- Widespread Use in Submarines Drives Overall Revenue Growth
- Key Technologies in Submarine Combat System (2019): Percentage Breakdown of Revenues by Armament Type
- Rise of Unmanned Vehicles Extends New Line of Opportunities
- Global Unmanned Underwater Vehicles Market in US$ Million: 2018-2026
- New Capabilities for Diverse Missions Drive USV Adoption
- New Generation Radars Empower CMS with Robust Capabilities
- Evolving Role of Electronic Warfare (EW) to Stir Next Wave of Growth in CMS Deployments
- Availability of Sophisticated Combat Management Systems Fuels Wider Adoption: A Review of Select Established CMS Technologies
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/lne8ic
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SOURCE Research and Markets
