- 12 June 2019 23:12
Command and Control Systems Market Set to be Fastest Growing
The global command and control systems market size of command and control systems is expected to reach 26.80 billion by the end of year 2026.
Command and Control Systems are designed in order to support the three levels strategic, operational, and tactical. The system provides surveillance of all the mission steps from combat operations to crisis response on real time basis.
Increasing government expenditure on defense sector, coupled with growing demand from airborne, land and naval forces for command and command system that help in mission control, monitoring, and planning systems are major factors expected to drive growth of the global command and command systems market. In addition, technological innovation, integration of NATO standards, and demand for customization in order to meet the particular task are some other factors expected to support the growth of the global market.
The market in Asia Pacific is expected to witness faster growth, owing to increasing government expenditure on defense sector and rapid technological advancements in naval and airborne industry in order to provide higher efficiency in battlefield operations, effective planning and decision making in critical situations. The major revenue contribution is witnessed from China, owing to high defense spending.
The global command and control systems market is divided into application, platform, solution, and region. On the basis of application segment, the worldwide command and control systems market is divided into defense, and commercial. On the basis of platform, the worldwide command and control systems market is segmented into land, maritime, airborne, and space. On the basis of solution, the worldwide command and control systems market is segmented into hardware, software, and services. Based on the region, the worldwide command and control systems market is divided into North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific.
The commercial segment is anticipated to develop at the most elevated CAGR during the estimated time frame.
Based on the solution, the global command and control systems market has been segmented into software, hardware, and services. The software segment in the global command and control systems market is anticipated to represent the highest revenue share during the expected time frame.
The Asia Pacific market is projected to rise at the most elevated CAGR in the global command and control systems market over the gauge time frame, 2017 to 2022. The growth in the Asia Pacific market is owing to the expanded military spending in some nations, for example, India, South Korea, and China.
North America market is expected to capture the highest revenue share forthcoming time frame owing to the high presence of a substantial number of control and command systems suppliers and quick technical support.
Major companies contributing the global command and control systems market are General Dynamics, Rockwell Collins, Lockheed Martin Corporation, BAE Systems, Thales Group, Leonardo SPA, Rolta India Limited, Elbit Systems Ltd., The Boeing Company, Northrop Grumman Corporation, CACI International Inc., Saab AB, and Siemens AG.
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