What Has Been The Evolution of the Combat Management System Market in Recent Years?
The combat management system market has seen considerable growth due to a variety of factors.
• The combat management system market has seen significant growth in recent years. It is expected to grow from $16.73 billion in 2024 to $18.29 billion in 2025, at a CAGR of 9.3%.
This growth is driven by increased demand for maritime surveillance and reconnaissance, integrated air defense systems, expanding naval capabilities in emerging economies, and the need for improved command and control systems.
What Are the Future Growth Projections for the Combat Management System Market?
The combat management system market is expected to maintain its strong growth trajectory in upcoming years.
• The combat management system market is expected to grow strongly, reaching $25.77 billion by 2029, at a CAGR of 9.0%.
Growth is driven by rising defense budgets, maritime security threats, naval vessel demand, and maritime domain awareness focus. Trends include AI integration, cloud-based solutions, mobile systems, human-machine teaming, and unmanned systems integration.
What Are The Core Factors Supporting Growth In The Combat Management System Market?
The increasing maritime security threats are expected to propel the growth of the combat management system market. Maritime security threats, including piracy and geopolitical tensions, are on the rise due to global trade, geopolitical factors, and terrorism. Combat management systems enhance security by providing real-time situational awareness and supporting threat assessments. For instance, the ICC International Maritime Bureau's 2022 report noted 115 incidents of piracy and armed robbery against ships, with most occurring in Southeast Asia, indicating a need for improved maritime security systems.
What Are The Major Segments Within The Global Combat Management System Market?
The combat management system market covered in this report is segmented –
1) By Component: Software, Hardware
2) By Sub-System: Self Defense Management System, Situational Awareness System, Track Management System, Weapon Management System, Display System, Identification System, Unmanned Vehicle Control System
3) By Platform: Principle Surface Combat, Submarine, Amphibious Ships, Fast Attack Craft And Petrol Boats And Crafts, Other Platforms
Subsegments:
1) By Software: Command and Control Software, Decision Support Software, Communication Software, Simulation Software, Data Analytics And Visualization Software, Cybersecurity Software
2) By Hardware: Sensors (Radar, Sonar), Displays And Consoles, Communication Equipment, Control Panels, Processors And Servers, Power Supply Units
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What Trends Are Reshaping The Future Of The Combat Management System Market?
Companies in the combat management system market are enhancing their technological capabilities by forming strategic alliances, enabling them to leverage each other's expertise. For example, in March 2024, France’s Naval Group collaborated with UAE-based Marakeb Technologies to develop a national combat management system for the UAE Navy. This partnership is focused on boosting the UAE's defense capabilities and creating customized solutions that offer greater control and system updates, thus advancing its maritime defense position.
Who Are the Key Players In The Combat Management System Market?
Major companies operating in the combat management system market are:
• Raytheon Technologies Corporation
• Lockheed Martin Corporation
• IBM Corporation
• General Dynamics Corporation
• Northrop Grumman Corporation
• Honeywell International Inc.
• Mitsubishi Heavy Industries Ltd.
• BAE Systems PLC
• Thales Group
• L3Harris Technologies Inc.
• Hanwha Corporation
• Rheinmetall AG
• Elbit Systems Ltd.
• Rockwell Collins Inc.
• Israel Aerospace Industries Ltd.
• Naval Group
• Saab AB
• Indra Sistemas
• Kongsberg Gruppen
• Cobham plc
• Bharat Electronics Limited (BEL)
• QinetiQ Group plc
• Cubic Corporation
• ATLAS ELEKTRONIK GmbH
• Terma A/S
What Is The Most Dominant Region In The Combat Management System Market?
North America was the largest region in the combat management system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the combat management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
