Sarasota, FL, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Combat System Integration Market by Platform (Large Combat Ships, Medium Combat Ships, Helicopters, Small Combat Ships, Submarines, Fighter Aircraft and Armored Vehicles/Artillery) Market for Naval, Airborne and Land-Based Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022”. According to the report, the global combat system integration market accounted for USD 4.22 billion in 2016 and is expected to reach USD 24.10 billion by 2022, growing at a CAGR of around 33.7% between 2017 and 2022.
A combat system can be viewed as a system for processing targets. In essence, each warfighting path constitutes a sequential process for end-to-end engagement of a target. Combat systems support both transformational and reactive operating processes, giving rise to the basic control hierarchy.
Browse through 13 Market Tables and 24 Figures spread through 110 Pages and in-depth TOC on "Global Combat System Integration Market: By Application, Platform, Size, Share and Forecast 2016 – 2022”.
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Development of advanced combat systems for improved situational awareness markets of Europe and North America is anticipated to prompt the growth of combat system integration market in coming years. Growing need for networking unmanned systems coupled with ongoing military modernization and replenishment programs helps to further fuel demand for combat system integrations market in the analysis period. Rise in defense spending in developing economies, increasing incidences of armed conflicts & terror attacks and growing need for enhancement of performance of combat platform is predicted to flourish the growth of combat system integrations market in years to come. However, declining defense budget of advanced economies may pose a challenge for combat system integrations market in the forecast period. Even so, a massive R&D investment for technological advancements in defense operation is expected to open new alluring opportunities for combat system integrations market in near future.
Submarine platform segment dominated the combat system integration market in 2016 owing to increasing use of military forces globally for diverse applications such as target acquisition, tracking, patrolling and surveillance. Fighter aircraft and armored vehicles/artillery are predicted to offer massive growth opportunities for combat system integration in the forecast period.
Browse the full " Combat System Integration Market by Platform (Large Combat Ships, Medium Combat Ships, Helicopters, Small Combat Ships, Submarines, Fighter Aircraft and Armored Vehicles/Artillery) Market for Naval, Airborne and Land-Based Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022." report at https://www.zionmarketresearch.com/report/combat-system-integration-market
Naval application segment held the largest market share in 2016, the growth of this segment is mainly attributed to increase in the number of navy combat system modernization programs paired with the rise in defense spending. Airborne and land-based application segment also likely to experience significant growth in coming years.
In terms of revenue, Asia Pacific held the largest share of the global combat system integrations market and is set to continue to dominate the world marketplace within the coming years. The major factors driving the growth of the market they are rapid advancements taking place in its warfare systems by emerging countries of Asia Pacific coupled with the need for improved integration of combat system. China held the largest market share in Asia Pacific. Growth in China is mainly attributed to increased investments being made in armed forces. Rapid economic growth in BRIC nations is expected to drive the combat system integration market in this region. The growth of combat system integrations in Asia Pacific is still imminent.
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North America and European combat system integrations markets are mainly driven by increasing research & development activities undertaken for the development of advanced technology-based designs of combat systems. Presence of significant market player in both the region is predicted to shape the combat system integrations market massively. Rising demand for military application is expected to show considerable growth in Europe. Replacement market is expected to be one of the major factors expected to drive North America region significantly. U.S. and U.K. are expected to be the most opportunist market for combat system integrations in North America and Europe region respectively.
The developing economies in Latin America also have a potential market for the further growth of the combat system integration market. Growing need for enhancement of performance of combat platforms is the key growth factors expected to contribute to the growth of the combat system integration market in Latin America. Brazil and Chile and Peru are expected to be the key contributing countries for the growth of the market owing to the rapid development of naval systems in emerging economies.
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The Middle East is expected to be one of the fastest growing regional markets for combat system integration in the coming years owing to need for improved integration of combat systems. Africa region is also expected to show massive growth owing to increase spending on defense.
Some of the key players in the combat system integration are Thales Group, Elbit Systems Ltd, DCS Corporation, ICI Services Corporation, Qinetiq Group, Lockheed Martin Corporation, Raytheon Company, BAE Systems, Saab AB and Leonardo-Finmeccanica amongst others.
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This report segment of global combat system integration market as follows:
Global Combat System Integration Market: Platform Segment Analysis
- Large Combat Ships
- Medium Combat Ships
- Small Combat Ships
- Submarines
- Fighter Aircraft
- Helicopters
- Armored Vehicles/Artillery
Global Combat System Integration Market: Application Segment Analysis
- Naval
- Airborne
- Land-Based
Global Combat System Integration Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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