The Battle Management System market is worth $1,249.86

Pune, India, April 11, 2022 (GLOBE NEWSWIRE) — The combat management systems market size amounted to 755.8 million USD in 2020 global. Market valuation is expected to rise from 804.9 million USD in 2021 for $1,249.86 million in 2028 to CAGR of 6.49% during the period 2021-2028. The market is gaining momentum globally thanks to the increase in investments in the military and defense sector. The Stockholm International Peace Research Institute (SIPRI) reports that global military spending reached $1.981 billion in 2020, an increase of 2.6% and 9.3% from 2019 and 2011 respectively. . Fortune Business Insights presents this information in its report entitled “Combat Management Systems Market, 2021-2028. ”

Combat Management System (CMS) is technology designed for military purposes that enables precision target delivery, mission critical systems, situational awareness and other on-board systems to achieve high accuracy in critical combat operations. The demand for such systems is steadily increasing as countries around the world seek to strengthen their respective military and defense sectors. Unmanned systems such as unmanned aerial vehicles (UAVs) and unmanned underwater vehicles (UUVs) are seeing high adoption. To meet these demands, OEMs are emphasizing product development and innovation through accelerated R&D efforts. The above factors suggest that CMS will grow in importance in the years to come.

Get a sample PDF brochure:

https://www.fortunebusinessinsights.com/enquiry/sample/combat-management-system-market-101820

List of Key Players Featured in the Report:

  • BAE Systems PLC (UK)
  • Elbit Systems Ltd. (Israel)
  • Kongsberg Gruppen ASA (Norway)
  • Leonardo SpA (Italy)
  • Lockheed Martin Corporation (USA)
  • The Raytheon Company (USA)
  • Saab AB (Sweden)
  • Thales Group (France)
  • Israel Aerospace Industries Ltd. (Israel)
  • Leonardo DRS (formerly DRS Technologies, Inc.) (USA)
  • Northrop Grumman Corporation (USA)
  • Terma AS (Denmark)
  • L&T Defense Ltd. (India)
  • Hanwha Systems Co., Ltd (South Korea)
  • Bharat Electronics Limited (BEL) (India)
  • ATLAS ELEKTRONIK GmbH (Germany)
  • ASELSAN AS (Turkey)

Impact of COVID-19:

The pandemic will have a moderate impact due to strong military investments

The COVID-19 pandemic and resulting disruptions have affected demand for CMS in all major markets due to slowdown in industry operations such as hardware manufacturing and software development and testing. Supply chain and logistics uncertainty has also posed several hurdles for manufacturers. According to the 2020 report of the United Nations Conference on Trade and Development (UNCTAD), world trade fell by 3%.
However, despite these impacts, the global market is poised to witness notable growth during the forecast period. This growth will be driven by increased military investments worldwide for the modernization of existing naval fleets.
segments:

Based on component type, the market is split into software and hardware. The hardware segment is further classified into control consoles, data network switches, and combat data center.
Based on the subsystem, the market is divided into self-defense management system, track management systems, situational awareness system, weapon management system, identification system, display system and unmanned vehicle control system.
By platform, the market is segmented into destroyer, frigate, submarine, amphibious ship, fast attack craft (FAC), corvette and aircraft carrier.
Geographically, the market is divided into North America, Europe, Asia-Pacific, Middle East and Rest of the World.

Browse Detailed Abstract of Research Report with TOC:

https://www.fortunebusinessinsights.com/industry-reports/combat-management-system-market-101820

Report cover

The report offers:

  • Key growth drivers, restraining factors, opportunities and potential challenges for the market
  • A comprehensive overview of regional developments
  • List of Major Industry Players
  • Key Strategies Adopted by Market Players
  • The latest industry developments such as product launches, partnerships, mergers and acquisitions

Conduct and constraints:

Advancing the CMS technology landscape to create lucrative opportunities
The growth of the global combat management systems market will be driven by the changing landscape of CMS technology. The market continuously witnesses new technological innovations such as AI-based combat systems, integrated naval combat mission management systems, naval fleet modernization systems, naval combat subsystems and other solutions. Implementing combat system virtualization allows consoles and mission computers to be aggregated into the physical server, improving efficiency, flexibility, and reliability.
Next-generation systems are equipped with digital interfaces of subsystems built with a high degree of intelligence. For example, Saab Australia has entered into a corporate partnership agreement with the Australian Department of Defense for the supply of CMS for Royal Australian Navy fleets such as Arafura-class offshore patrol vessels, ANZAC-class frigates , supply-class supply ships, military survey ships, and mine countermeasures ships.
However, the high upfront costs associated with SMT technology, its components and their implementation might affect the market growth to some extent.

Regional outlook:

North America will see substantial growth thanks to increased military investment

North America is expected to account for a significant percentage of the global combat management system market share during the projected period. Regional growth is driven by increased military investment across the United States. CMS will experience increasing demand in the region, driven by the need to modernize the fleet, improve situational awareness and improve US Navy interoperability.

The European market will record notable growth driven by the presence of major equipment manufacturers, including Thales Group, BAE Systems PLC and Kongsberg Gruppen ASA.
Meanwhile, the market in Asia-Pacific will be driven by rising military spending in India, China, Japan and other countries.

Find out before you buy this research report:

https://www.fortunebusinessinsights.com/enquiry/queries/combat-management-system-market-101820

Detailed Table of Contents:

  • Introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • key ideas
    • Major Industry Developments – Major Contracts and Agreements, Mergers, Acquisitions and Partnerships
    • Latest technological advances
    • Analysis of the five forces of carriers
    • Supply chain analysis
  • Quantitative Insights – Impact of COVID-19 Pandemic on Global Combat Management Systems Market
    • Impact of the COVID-19 pandemic on the global combat management systems market
    • Measures taken by industry/business/government to overcome the impact
    • Key development in the industry in response to the COVID-19 pandemic
    • Potential opportunities due to the COVID-19 outbreak

TOC Continued…!

Talk to our expert:

https://www.fortunebusinessinsights.com/enquiry/queries/combat-management-system-market-101820

Industry developments:

January 2021– US Navy has awarded a contract valued at $211.5 million to Leonardo DRS for the supply of critical system hardware and full lifecycle support services for AEGIS and Ship Self-Defense System (Combat Management Systems). Leonardo will provide services to the entire surface fleet through the sustainment program as part of the TI-16 combat system network, processing, display equipment, storage and other surface ship systems.

November 2020 – Damen Schelde Naval Shipbuilding and Thales Group have signed a $1.78 billion contract to integrate onboard combat management and communications systems into the German Navy’s MKS-180 class frigates. The agreement is for the supply of the Above Water Warfare System (AWWS) and Tacticos CMS (Thales Combat and Mission Management System) fire control cluster for four MKS-180 class frigates with two optional additional vessels.

Take a look at related research information:

Naval Ships and Surface Combatants Market Size, Share and Industry Analysis, By Platform (Aircraft Carriers, Destroyers, Corvettes, Amphibious Ships, Frigates and Auxiliary Ships), By System (Marine Engine System, Weapon Launch System , detection system, control system, electrical system, auxiliary system), by application (search and rescue, combat operations, MCM operations, coastal surveillance) and regional forecast, 2019-2026

Advanced Combat Helmet Market Size, Share, and Industry Analysis, By Material (Ballistic Fiber, Thermoplastic, and Metal), By Application (Military & Defense, and Law Enforcement), and Regional Forecast, 2020-2027

About Us:

Fortune Business Insight™ provides accurate data and innovative business analysis, helping organizations of all sizes make the right decisions. We tailor innovative solutions to our clients, helping them address a variety of challenges unique to their businesses. Our goal is to provide them with global market intelligence, providing them with a granular overview of the market in which they operate.

Address:

Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

Mahalunge Street, Baner, Pune-411045,

Maharashtra, India.

Call:

USA: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

E-mail: [email protected]

LinkedIn Facebook Twitter

Comments are closed.