Combat Management System Market Worth 365.5 Million USD by 2022

Combat Management System Market Worth 365.5 Million USD by 2022

PR Newswire

PUNE, India, September 11, 2017 /PRNewswire/ --

According to the market research report "Combat Management System Market by Sub-System (Self-Defense, Situational Awareness, Track Management, Identification, Unmanned Vehicle), Component (Hardware, Software), Platform (Destroyers, Submarines, Frigates, Corvettes) and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from USD 298.3 Million in 2016 to USD 365.5 Million by 2022, at a CAGR of 3.57% during the forecast period.The growth of the market is supported by factors such as growing demand for advanced situational awareness systems for naval ships and submarines and increase in upgradation of combat management systems by different navies across the world.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 71 Market Data Tables and 38 Figures spread through 131 Pages and in-depth TOC on "Combat Management System Market - Global Forecast to 2022"

http://www.marketsandmarkets.com/Market-Reports/combat-management-system-market-211379111.html

Early buyers will receive 10% customization on this report 

Based on component, the software segment is expected to lead the combat management system market during the forecast period 

On the basis of component, the software segment is projected to lead the combat management system market from 2017 to 2022 due to the high development cost of software, which is based on the complex architecture of the combat management system.

Based on sub-system, the unmanned vehicle control system segment is projected to grow at the highest CAGR during the forecast period 

Based on sub-system, the unmanned vehicle control system segment of the combat management system market is projected to witness the highest growth during the forecast period, owing to the increase in adoption of unmanned vehicles, such as UAVs, UUVs, and UGVs in naval combat operations.

Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=211379111

Based on platform, the corvettes segment is projected to grow at the highest CAGR during the forecast period 

Based on platform, the corvettes segment of the combat management system market is projected to grow at the highest CAGR from 2017 to 2022, owing to the increase in deliveries of corvettes.  

Asia Pacific is expected to be the fastest-growing market for combat management systems during the forecast period 

The combat management system market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period due to the increase in combat ship building activities and deliveries of combat vessels in this region. Most of the countries in the region, such as China, India, Japan, Philippines, and Taiwan, are increasing their naval capabilities by upgrading existing naval systems to combat management systems. These upgradations are expected to drive the demand for combat management systems in the region.

Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=211379111

Major players operating in the combat management system market include BAE Systems plc (UK), Elbit Systems Ltd. (Israel), Kongsberg Gruppen ASA (Norway), Leonardo S.p.A.(Italy),  Lockheed Martin Corporation (US), Raytheon Company (US), Saab AB (Sweden), and Thales Group (France), among others.

Browse Related Reports 

Battlefield Management System (BMS) Market by Platform (Headquarter, Vehicle, Soldier), System (Computing System, Navigation and Imaging System, Communication and Networking System), Component and Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/battlefield-management-systems-market-165590884.html

Active Protection System Market by End User (Defense, Homeland Security), Platform (Land-Based, Naval, Airborne), Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor), and Region - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/active-protection-system-market-5804076.html

Subscribe Reports from Aerospace & Defence  Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog@ http://mnmblog.org/market-research/aerospace-defence
Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


SOURCE MarketsandMarkets