Fortune Business Insights

Fortune Business Insights

The global combat management system market size is projected to reach USD 1,249.86 Million by 2028, at CAGR of 6.49% during forecast period 2021-2028

Pune, India, Nov. 29, 2022 (GLOBE NEWSWIRE) — The global combat management system market size amounted to USD 755.8 million in 2020 worldwide. The market valuation is slated to grow from USD 804.9 million in 2021 to USD 1,249.86 million in 2028 at a CAGR of 6.49% during 2021-2028. The market is gaining traction globally from increasing investments in the military & defense sector. The Stockholm International Peace Research Institute (SIPRI) reports that the global military expenditure progressed to USD 1,981 billion in 2020, a rise of 2.6% and 9.3% from 2019 and 2011 respectively. Fortune Business Insights™ presents this information in its report titled “Combat Management System Market, 2021-2028.” 

Combat Management System (CMS) is a technology designed for military purposes that enables precision target delivery, critical mission systems, situational awareness, and other shipborne systems to accomplish high accuracy in critical combat operations. The demand for such systems is increasing gradually as countries across the world seek to strengthen their respective military & defense sectors. Unmanned systems such as Unmanned Aerial Vehicles (UAVs) and Unmanned Underwater Vehicles (UUVs) are experiencing high adoption. To meet these demands, OEMs are emphasizing product development and innovation through accelerated R&D efforts. The aforementioned factors suggest that CMS will gain substantial prominence in the forthcoming years.

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List of Key Players Profiled in the Report:  

  • BAE Systems PLC (U.K.)

  • Elbit Systems Ltd. (Israel)

  • Kongsberg Gruppen ASA (Norway)

  • Leonardo S.p.A. (Italy)

  • Lockheed Martin Corporation (U.S.)

  • The Raytheon Company (U.S.)

  • Saab AB (Sweden)

  • Thales Group (France)

  • Israel Aerospace Industries Ltd. (Israel)

  • Leonardo DRS (formerly DRS Technologies, Inc.) (U.S.)

Report Attribute

Details

Market Size in 2021

USD 804.9 Million

2028 Value Projection

USD 1,249.86 Million

Growth Rate

CAGR 6.49 % 2021-2028

Base Year

2020

Historical Data for

2017 – 2019

Forecast Period

2021 – 2028

Segments Covered

By Platform, By Sub-system, and By Component

Growth Driver

Advancing Landscape of CMS Technology to Create Lucrative Opportunities

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Segments:

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

Report Coverage

  • Major growth drivers, restraining factors, opportunities, and potential challenges for the market

  • Comprehensive insights into the regional developments

  • List of major industry players

  • Key strategies adopted by the market players

  • Latest industry developments such as product launches, partnerships, mergers, and acquisitions

Browse Detailed Summary of Research Report with TOC:

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

Driving & Restraints:

Advancing the Landscape of CMS Technology to Create Lucrative Opportunities
The global combat management system market growth will be driven by the advancing landscape of CMS technology. The market is continuously witnessing 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. The implementation of combat system virtualization helps aggregate consoles and mission computers in the physical server, thereby enhancing efficiency, flexibility, and reliability.
Next-generation systems are equipped with digital interfaces of subsystems built with high degree of intelligence. For example, Saab Australia bagged an enterprise partnering agreement from the Australian Department of Defense for the supply of CMS for Royal Australian Navy fleets such as Arafura-class offshore patrol ships, ANZAC-class frigates, supply-class replenishment ships, military survey vessels, and mine countermeasures ships.
However, high initial costs associated with CMS technology, its components, and their implementation could affect the market growth to some extent.

Regional Insights:

North America to Grow Substantially Led by Increasing Military Investments     

North America is expected to account for a major percentage of the global combat management system market share during the projected period. The regional growth is influenced by increased military investments across the U.S. CMS will experience growing demand in the region led by the need for fleet modernization, improved situational awareness, and interoperability from the U.S. Navy.

The Europe market will record notable growth led by the presence of major OEMs, including Thales Group, BAE Systems PLC, and Kongsberg Gruppen ASA.
Meanwhile, the market in Asia Pacific will be driven by the rising military expenditure across India, China, Japan, and other countries.

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Detailed Table of Content:

  • Introduction

    • Research Scope

    • Market Segmentation

    • Research Methodology

    • Definitions and Assumptions

  • Executive Summary

  • Market Dynamics

    • Market Drivers

    • Market Restraints

    • Market Opportunities

  • Key Insights

    • Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships

    • Latest technological Advancements

    • Porters Five Forces Analysis

    • Supply Chain Analysis

  • Quantitative Insights-Impact of COVID-19 Pandemic on Global Combat Management System Market

    • Impact of COVID-19 Pandemic on Global Combat Management System Market

    • Steps Taken by Industry/Companies/Government to Overcome the Impact

    • Key Development in the industry in Response to COVID-19 Pandemic

    • Potential Opportunities due to COVID-19 Outbreak

  • Global Combat Management System Market Analysis, Insights and Forecast, 2017-2028

    • Key Findings / Definitions

    • Market Analysis, Insights and Forecast – By Component Type

      • Software

      • Hardware

    • Market Analysis, Insights and Forecast – By Sub-system

      • Self-defense Management System

      • Situational Awareness System

      • Track Management System

      • Weapon Management System

      • Display System

      • Identification System

      • Unmanned Vehicle Control System

    • Market Analysis, Insights and Forecast – By Platform

      • Destroyer

      • Submarine

      • Frigate

      • Amphibious Ship

      • Corvette

      • Fast Attack Craft (FAC)

      • Aircraft Carrier

    • Market Analysis, Insights and Forecast – By Region

      • North America

      • Europe

      • Asia Pacific

      • Middle East

      • Rest of the World

  • North America Combat Management System Market Analysis, Insights and Forecast, 2017-2028

    • Market Analysis, Insights and Forecast – By Component Type

      • Software

      • Hardware

    • Market Analysis, Insights and Forecast – By Sub-system

      • Self-defense Management System

      • Situational Awareness System

      • Track Management System

      • Weapon Management System

      • Display System

      • Identification System

      • Unmanned Vehicle Control System

    • Market Analysis, Insights and Forecast – By Platform

      • Destroyer

      • Submarine

      • Frigate

      • Amphibious Ship

      • Corvette

      • Fast Attack Craft (FAC)

      • Aircraft Carrier

    • Market Analysis – By Country

      • U.S.

        • Market Analysis, Insights and Forecast – By Platform

          • Destroyer

          • Submarine

          • Frigate

          • Amphibious Ship

          • Corvette

          • Fast Attack Craft (FAC)

          • Aircraft Carrier

      • Canada

        • Market Analysis, Insights and Forecast – By Platform

          • Destroyer

          • Submarine

          • Frigate

          • Amphibious Ship

          • Corvette

          • Fast Attack Craft (FAC)

          • Aircraft Carrier

TOC Continued…!    

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Industry Developments:

the U.S. Navy awarded a contract valued at USD 211.5 million to Leonardo DRS for the critical system hardware delivery and full-service life-cycle support services of AEGIS and Ship Self-Defense System (Combat Management Systems). Leonardo will provide services to the entire surface fleet through the sustainment program under the TI-16 combat system network, processing, display hardware, storage, and other surface vessel systems.

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