Dublin, Aug. 24, 2023 (GLOBE NEWSWIRE) -- The "Combat Management Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Combat Management Systems estimated at US$333.1 Million in the year 2022, is projected to reach a revised size of US$448.9 Million by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030.
Software, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$354.7 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 3.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $102.9 Million, While China is Forecast to Grow at 5.7% CAGR
The Combat Management Systems market in the U.S. is estimated at US$102.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$90.9 Million by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Select Competitors (Total 38 Featured) -
- ASELSAN A.S.
- ATLAS ELEKTRONIK GmbH
- Atos SE
- BAE Systems plc
- Bharat Electronics Limited (BEL)
- ECA Group
- Elbit Systems Ltd
- Hanwha Systems Co., Ltd
- Kongsberg Gruppen ASA
- Leonardo DRS
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Saab AB
- Tata Advanced Systems Limited
- Terma A/S
- Thales S.A.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 356 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $333.1 Million |
| Forecasted Market Value (USD) by 2030 | $448.9 Million |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Leaves the Global Economy in Shambles
- Where Does this Leave Defense Spending?
- Japan Defense Budgets: A Pre & Post COVID-19 Comparison (In US$ Billion)
- UK Defense Budget: A Pre & Post COVID-19 Comparison (In US$ Billion)
- Combat Management System (CMS): A Prelude
- Software Segment to Achieve Higher Growth
- Ever-Hostile Geopolitical Scenario and Relentless Quest for Military Supremacy Create Ample Room for Advanced Naval Technologies such as CMS
- Global Military Spending (in US$ Billion) for the Years 2006 through 2022
- Military Expenditure as a % of GDP in Selct Countries
- Emerging Markets Remain Long-Term Driving Forces for Combat Management Systems
- Combat Management Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Artificial Intelligence (AI) Steps In to Add Next Generation Capabilities to CMS
- Application of AI in Unmanned Vehicles to Drive Opportunities
- The US and China Seek Early Adopter Advantage in AI-Powered CMS
- Widespread Use in Submarines Drives Overall Revenue Growth
- Key Technologies in Submarine Combat System (2019): Percentage Breakdown of Revenues by Armament Type
- Rise of Unmanned Vehicles Extends New Line of Opportunities
- Global Unmanned Underwater Vehicles Market in US$ Million: 2018-2026
- New Capabilities for Diverse Missions Drive USV Adoption
- New Generation Radars Empower CMS with Robust Capabilities
- Evolving Role of Electronic Warfare (EW) to Stir Next Wave of Growth in CMS Deployments
- Availability of Sophisticated Combat Management Systems Fuels Wider Adoption: A Review of Select Established CMS Technologies
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4oseyo
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
