What Has Been the Growth of the Network Centric Warfare Market So Far?
The network centric warfare market has seen considerable growth due to a variety of factors.
•The market size of network-centric warfare has seen a consistent rise in the past few years. It is projected to expand from a size of $60.32 billion in 2024 to $62.75 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.0%.
The historical growth surge in this market can be ascribed to factors like advances in training and skill development, the transition to interconnected systems, the evolution of military doctrine, incorporation of sensor networks, and increased focus on cybersecurity and data protection.
What Are the Future Growth Projections for the Network Centric Warfare Market?
The network centric warfare market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for network centric warfare is anticipated to experience robust growth in the coming years, reaching "$79.8 billion in 2029 with a compound annual growth rate of 6.2%.
The expansion during the forecast period can be credited to integration of AI and machine learning, improved cyber defense mechanisms, cloud-oriented solutions, emphasis on sturdy communication networks, and progression of command and control systems. Primary trends through the forecast period involve training and skill augmentation, accelerated technology advancements, integration across multiple domains, cyber resilience and security, along with heightened information sharing.
What Factors Are Driving Growth In The Network Centric Warfare Market?
The growth of the network-centric warfare market is anticipated to be fueled by escalating military spending. The term military expenditure refers to funds allocated for arms, armament systems, operations, upkeep, personnel, and other specifically military gear. The government’s monetary commitment to the military aids in advancing diverse areas of the military market, inclusive of network-centric warfare. In April 2023, the Stockholm International Peace Research Institute, a Sweden-based organization, reported that global military expenditure hit a new pinnacle of $2,240 billion in 2022. This represents a 3.7% rise in real terms compared to the preceding year. The leading three military spenders in 2022 were the United States, China, and Russia, contributing to 56% of the global total. The United States retained its position as the highest military spender globally, with an expenditure of $877 billion, equivalent to 39% of overall worldwide military expenditure. Therefore, escalating military spending is proving to be a driving factor for the network-centric warfare market.
What Are The Main Segments Of The Global Network Centric Warfare Market?
The network centric warfare market covered in this report is segmented –
1) By Architecture: Hardware, Software
2) By Mission Type: Tactical, Strategic
3) By Platform: Land-Based, Naval Based, Air Based, Unmanned
4) By Communication Network: Wired, Wireless
5) By Application: Intelligence, Surveillance, and Reconnaissance (ISR) Operations, Communications, Computers, Combat, Cyber, Command And Control, Electronic Warfare
Subsegments:
1) By Hardware: Communication Systems, Sensors, Computers And Processing Units, Network Infrastructure, Surveillance Systems
2) By Software: Command And Control Software, Data Analytics Software, Cybersecurity Software, Simulation Software, Network Management Software
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What Emerging Trends Are Influencing The Growth Of The Network Centric Warfare Market?
Advancements in technology are becoming a leading trend in the network-centric warfare market. To maintain their market presence, leading companies in the network-centric market are embracing new technological developments. For example, in March 2023, Israel Aerospace Industries, an aerospace and aviation manufacturing firm based in Israel, introduced the SDR-NCO, a software-defined radio system featuring a breakthrough network-centric operations (SDR-NCO) feature. This system facilitates communication across audio, video, and data channels. It enables aircrew to liaise with land, air, and sea forces for effective group task management since it is compatible with an array of modern military and commercial radios.
Who Are the Key Players in the Network Centric Warfare Market?
Major companies operating in the network centric warfare market include:
• Cisco Systems Inc.
• Lockheed Martin Corporation
• BAE Systems PLC
• Northrop Grumman Corporation
• Thales Group
• General Dynamics Corporation
• Elbit Systems Ltd.
• Airbus Group N.V.
• Rockwell Collins Inc.
• Scalable Network Technologies Inc.
• Lumen Technologies Inc.
• RAND Corporation
• Raytheon Technologies Corporation
• L3Harris Technologies Inc.
• Leonardo S.p.A.
• Svenska Aeroplan Aktiebolaget
• Rheinmetall AG
• The Boeing Company
• Honeywell International Inc.
• Cubic Corporation
• Kratos Defense & Security Solutions Inc.
• CACI International Inc.
• Leidos Holdings Inc.
• Booz Allen Hamilton Holding Corporation
• Science Applications International Corporation (SAIC)
• ManTech International Corporation
• Engility Holdings Inc.
• Viasat Inc.
• Mercury Systems Inc.
• Ultra Electronics Holdings plc
• QinetiQ Group plc
• Cobham plc
What Is The Most Dominant Region In The Network Centric Warfare Market?
North America was the largest region in the network-centric warfare market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global network-centric warfare market report during the forecast period. The regions covered in the network centric warfare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
