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Mission Management Systems Market Size, Forecast
Mission Management Systems Market Size
As per the report, the mission management systems market size has grown rapidly in recent years. It will grow from $31.81 billion in 2023 to $35.39 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The mission management systems market size is expected to see rapid growth in the next few years. It will grow to $55.07 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%.
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Border Security Concerns Fueling Mission Management Systems Market Growth
The rising concerns regarding border security are expected to propel the growth of the mission management systems market going forward. Concerns regarding border security refer to apprehensions related to unauthorized crossings, smuggling activities, illegal immigration, and potential threats to national security. These concerns are growing due to several factors, including mass migration, increasing international travel volumes, and pressure on border crossing infrastructure. Mission management systems serve as essential tools for border security agencies, providing advanced capabilities to improve situational awareness, coordination, response, resource allocation, data analysis, decision-making, and adaptability in addressing the complex and dynamic challenges of border security. For instance, in February 2024, according to US Customs and Border Protection data, a US-based federal law enforcement agency, US border authorities confronted over 2 million migrants in fiscal year 2022, indicating a significant increase from 1.7 million encounters in fiscal year 2021. Therefore, rising concerns regarding border security are driving the growth of the mission management systems market.
Advancements In Uncrewed Aircraft Fleet And Airspace Management Systems
Major companies operating in the mission management systems market are integrating their efforts into introducing intelligent and advanced solutions, such as uncrewed aircraft fleets and airspace management solutions, to gain a competitive edge in the market. Uncrewed aircraft fleet and airspace management solutions are technologies and systems designed to monitor and control fleets of unmanned aerial vehicles (UAVs) or drones, as well as regulate the airspace in which they operate. For instance, in September 2023, ANRA Technologies, a US-based technology company, launched Mission Manager X, a next-generation complex mission management software platform intended to improve operations in various industries, including unmanned aerial systems and urban air mobility. This powerful system includes complete functionality for mission planning, execution, and monitoring, allowing users to handle complex operations effectively.
The mission management systems market covered in this report is segmented -
1) By System Type: Multi-Mission Management System, Sites Mission Management System, Ground Mission Management System, Other Systems
2) By Platform Type: Land, Naval, Airborne, Unmanned Systems, Other Platforms
3) By Application Type: Defense, Commercial
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Major companies operating in the mission management systems market are Raytheon Technologies Corporation, Boeing Company, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International Inc., BAE Systems, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A., Textron Inc., General Atomics Aeronautical Systems Inc., Harris Corporation, Elbit Systems Ltd., Rockwell Collins Inc., Garmin Ltd., Saab AB, Kongsberg Gruppen ASA, Moog Inc., Curtiss-Wright Corporation, Piaggio Aerospace S.p.A., QinetiQ Group plc, Kratos Defense & Security Solutions Inc., Bird Aerosystems Ltd., Neya Systems LLC
Contents of the report:
1. Executive Summary
2. Mission Management Systems Market Report Structure
3. Mission Management Systems Market Trends And Strategies
4. Mission Management Systems Market - Macro Economic Scenario
5. Mission Management Systems Market Size And Growth
…..
27. Mission Management Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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