Command And Control Systems Market Analysis: Major Players, Lucrative Segments And Top Geographies
4 Jul, 2023
The global command and control systems market size is expected to grow from $34.59 billion in 2022 to $37.33 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global command and control systems market size is expected to reach $48.45 billion in 2027 at a CAGR of 6.7%.
Global Command And Control Systems Market Key Driver
Increasing military budgets around the world are likely to drive the expansion of the command-and-control systems market in the coming years. A military budget is a sum of money set aside by a government for military-related expenses such as salaries, training, equipment, research and development, and operating costs in order to assure the armed services' readiness and effectiveness in defending the country. A defence budget takes into account the size of the entity's economy, other financial pressures on that entity, and the government's or people's willingness to pay for such military activities; as a result, it improves the entity's capacity to support military activity and the market for command-and-control systems.
Get a sample of the global command and control systems market reportGlobal Command And Control Systems Market Segments
The global command and control systems market is segmented:
1) By Installation Type: Fixed Command Centers, Deployable Command Centers
2) By Solution: Software, Services
3) By Platform: Land, Maritime, Airborne, Space
4) By Application: Government And Defense, Homeland Security and Cyber Protection, Commercial
5) By Geography: The regions covered in the command and control systems market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global command and control systems market.
Major Command And Control Systems Industry Players
Leonardo SpA, BAE Systems, General Dynamics Corporation, Lockheed Martin Corporation, Thales Group, Northrop Grumman, Raytheon Technologies Corporation, Boeing Company, Elbit Systems Ltd., Honeywell International Inc., Saab AB, L3Harris Technologies Inc., Siemens, CACI International Inc., LIG Nex1 Co. Ltd., Kongsberg Gruppen
Get the full global command and control systems market report
Command And Control Systems Market Overview
A command-and-control system refers to a set of hardware and software tools and processes used by an equipment or commander to monitor, plan, direct, and control operations to accomplish a task. They are used for planning, directing, coordinating, and controlling the operational activities of military forces.
Command And Control Systems Global Market Report 2023 provides data on the global command and control systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The command and control systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.