Global Combat Management System Market Size, Trends & Analysis - Forecasts to 2026 By Sub-System (Self-Defense Management System, Situational Awareness System, Track Management System, Weapon Management System, Display System, Identification System, and Unmanned Vehicle Control System); By Component (Hardware, Software); By Region (North America, Europe, Asia Pacific, MEA, CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Combat Management System Market Insights
A combat management system comprised of central command and decision-making elements in vessel combat. The system includes computers and software that amalgamate the ship sensors, radar, weapons, and other equipment into one system. The system is designed in such a way to provide awareness as per the situation and intelligence to the crew to enable them to perform the task properly and efficiently. Secure information system, robust data collection, high reliability, advance on-board training, tactical picture clarity are some of the key features associated with the combat management system. During the battlefield operation combat system collection data including audio and video. A technologically advanced combat management system comprises two methodologies, senor adoption methodology which provides laser warning, infrared radar sensors, and sonars adoption methodology which includes a surface to surface missile management, surface missile, and management of firing guns.
According to GME studies, the combat management system is predicted to gain a momentum market at the CAGR of 3.5% within the year 2020-2026. Raising demand of the situational awareness system by naval ships and submarines are increasing the demand of the system in recent times. Improvement in the advancement of the combat management system by various navies around the globe is building revenue for the entire system at a huge rate.
Combat Management System Market: By Sub-System
The unmanned vehicle control system, situational awareness system, self-defense management system, identification system, display system, track management system, and weapon management system are the sub-system bifurcations of the combat management system. The unmanned vehicle control system is estimated to project the highest revenue share within the aforementioned timeline. Adoption of new technologies such as UGV, UUVs, and UAVs in naval combat operations by the unmanned vehicle control system is the reason behinds its remarkable growth.
Combat Management System Market: By Component
Hardware & software are the components of this market, in which the software segment will grow faster than the later one from 2020 to 2026. The prime factor propelling the demand of the software segment is its high developmental cost based on the architecture of the complicated combat management system
Combat Management System: By Region
Increasing shipbuilding activities and raising the automotive market has made the combat management system the fastest growing system in the Asia-Pacific region. Economically stable countries like India and China are promoting the shipbuilding activities and transportation of the combat management system in the region. The government of the region has also raised funds to uplift the development of future-centric naval technologies. Europe is expected to show stagnant growth within the predicted interval.
Combat Management System Share and Competitor Analysis
The key players operating in the market include Lockheed Martin Corporation (US), Thales Group (France), BAE Systems (UK), Saab AB (Sweden), Kongsberg Gruppen Asa (Norway), Israel Aerospace Industries Ltd. (Israel), Leonardo S.P.A. (Italy), Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), Elbit Systems Ltd. (Israel), and Terma AS (Denmark) among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In October 2020, Lockheed Martin Corporation continued working with Defense Advanced Research Projects Agency (DARPA) and adds three more industry partners to the Opfires team. The approach is to enable a hypersonic boost-glide missile system to enter into the modern enemy defenses and quickly engage time-sensitive targets.
In March 2020, Thales Group (France) announced its collaboration with Len Industri for the complete modernization of the RI Usman-Harun multi-role light frigate's mission system. The modernization program is cost-effective which will extend the life cycle of any naval fleet and improve the crucial mission system.
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The Global Combat Management System Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Combat Management System Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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