Press release
Covid-19 Impact on Combat Management System Market to Witness Steady Growth through 2026
Some key takeaways from this report –
The report offers key drivers that trigger the growth in the Combat Management System Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
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The research offers segment wise analysis of the Combat Management System Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.
Combat Management System Market Share: By Sub-System Type
Based on the sub-system type, the market is segmented as self-defense management system, identification systems, weapon management systems, track management systems, display systems, situational awareness systems, and unmanned vehicle control systems. The unmanned vehicle control systems segment is estimated to depict the highest growth, driven by the rising acceptance of unmanned vehicles, such as UAVs, UUVs, and UGVs in naval combat operations, during the forecast period.
Combat Management System Market Share: By Component Type
Based on the component type, the market is segmented as software and hardware. The hardware segment has been further sub-segmented into control consoles, combat data centers, and data network switchers. The software segment dominated the market in 2019, and is also anticipated to register a higher growth during the forecast period. The growth of the segment can be attributed to the high development cost of software, which is based on the intricate architecture of combat management system.
Combat Management System Market Share: By Platform Type
Based on the platform type, the market is segmented as destroyers, submarines, frigates, amphibious ships, corvettes, fast attack craft (FAC), and aircraft carriers. The corvettes segment is estimated to witness the highest growth during the forecast period, owing to the rise in deliveries of corvettes across the globe.
Combat Management System Market Share: By Region
In terms of regions, the Asia-Pacific market is projected to account for the highest growth in the coming five years. China, India, and Japan are the growth engines of the region and are also, exceedingly investing in the development of future-centric naval technologies. The market is driven by the growing ship building activities and the rising deliveries of combat vessels in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players
The following are the key players in the Combat Management System Market-
• BAE Systems plc
• Elbit Systems Ltd.
• Israel Aerospace Industries Ltd.
• Kongsberg Gruppen
• Lockheed Martin Corporation
• Leonardo S.p.A.
• Northrop Grumman Corporation
• The Raytheon Company
• Saab AB
• Thales Group
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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
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