Press release
Global Command And Control Systems Market Report 2024: Key Insights and Future Outlook
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Command And Control Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $52.5 billion In 2028 At A CAGR Of 7.0% :
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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Command And Control Systems Market Major Segments
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
Key Driver - Global Surge In Military Budgets Fuels Growth In Command-And-Control Systems Market
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.
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Prominent Trend - Driving Military Innovation Revolutionary Command And Control Technology For Intelligent Unmanned Systems
Technological advancement is a key trend gaining the popularity in command and control systems market. Major market players operating in command and control systems are concentrating their efforts on creating innovative technologies and are constantly developing and integrating them into these systems to enhance their capabilities. For instance, in June 2022, Milrem Robotics, an Estonia-based manufacturer of the robotic vehicle, launched command and control (C2) technology for intelligent unmanned systems at Eurosatory 2022, the international land and airland Defense and Security exhibition. The unmanned aerial and ground vehicle (UxV) solution combines sensing and effector data from various payloads into a composite command and control system. It enables continuous monitoring and management of the most crucial parameters of the UxV systems, including energy state, fault conditions, operating parameters, built-in diagnostic tests, initialization, and configurations.
Command And Control Systems 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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the command and control systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global command-and-control systems market report during the forecast period. The regions covered in the command and control systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Command And Control Systems Market Report Structure
3. Command And Control Systems Market Trends And Strategies
4. Command And Control Systems Market - Macro Economic Scenario
5. Command And Control Systems Market Size And Growth
…..
27. Command And Control Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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