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Command And Control Systems Market Overview, Outlook, Size, Share 2024-2033 |
Command And Control Systems Market
The Business Research Company presents an extensive market research report on the Command And Control Systems Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The command and control systems market size has grown strongly in recent years. It will grow from $37.16 billion in 2023 to $39.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to military modernization, threat landscape evolution, cybersecurity concerns, disaster management requirements, border security and surveillance, counterterrorism initiatives.
The command and control systems market size is expected to see strong growth in the next few years. It will grow to $52.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to integration of artificial intelligence (AI), network-centric warfare, space-based systems integration, multi-domain operations, strategic shifts in global alliances. Major trends in the forecast period include technological advancements in communication, integration of artificial intelligence (AI) and machine learning (ML), cybersecurity enhancement, interoperability and integration, cloud-based solutions.
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Key Market Players:
Major companies operating in the command and control systems market report are Siemens, General Electric Company, Raytheon Technologies Corporation, Boeing Company, Lockheed Martin Corporation, International Business Machines Corporation, Cisco Systems Inc., General Dynamics Corporation, Schneider Electric SE, Northrop Grumman, Honeywell International Inc., BAE Systems, NEC Corporation, Thales Group, ASELSAN Elektronik Sanayi ve Ticaret A.Ş., L3Harris Technologies Inc., Leonardo SpA, Motorola Solutions Inc., CACI International Inc., Sopra Steria Group, Rheinmetall AG, Collins Aerospace, Saab AB, Indra Sistemas S.A., Kongsberg Gruppen, LIG Nex1 Co. Ltd., Elbit Systems Ltd., The RAND Corporation, Systematic A/S, PT Prima Teknologi Intermedia, Hitachi Ltd., Huawei Technologies Co. Ltd., Advantech Co. Ltd., Johnson Controls International plc
Market Drivers:
Increasing military budgets worldwide is expected to propel the growth of the command-and-control systems market going forward. A military budget is an amount of money allocated by a government for military-related expenses, including salaries, training, equipment, research, development, and operational costs, to ensure the readiness and effectiveness of the armed forces in the defense of the country. A defense budget includes the size of that entity's economy, other financial pressures on that entity, and the government's or people's willingness to pay for such military activities, as a result, it helps the entity's capacity to support military activity and that support command-and-control systems market. For instance, in April 2022, according to a report published by Stockholm International Peace Research Institute (SIPRI), a Sweden-based organization that provides information on international peace and security, in 2021, total worldwide military spending increased by 0.7% in real terms to $2113 billion. Furthermore, China, the world's second-largest spender allocated $293 billion to its military in 2021, up 4.7% from 2020. Therefore, increasing military budgets worldwide is driving the growth of the command-and-control systems market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/command-and-control-systems-global-market-report
The command and control systems market covered in this report is segmented -
1) By Installation Type: Fixed Command Centers, Deployable Command Centers
2) By Solution: Software, Services
3) By Platform: Land, Maritime, Airborne, Space
4) By Application: Government And Defense, Homeland Security and Cyber Protection, Commercial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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