Combat Management System Market on Track for Strong Growth, Estimated to Grow at 9% CAGR Through 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Combat Management System Market Through 2025?
The industry size of combat management systems has seen significant expansion in the recent past. The market is projected to rise from $16.73 billion in 2024 to $18.29 billion by the following year with a composite annual growth rate of 9.3%. Factors fueling this growth in the historical span include the need for improved maritime surveillance and reconnaissance, demand for unified air defense systems, the growth of naval strengths in developing economies, and a heightened need for bolstered command and control capabilities.

What's the Projected Size of the Global Combat Management System Market by 2029?
In the coming years, the market size of the combat management system is predicted to experience robust growth. The market is projected to reach $25.77 billion by 2029, expanding at a compound annual growth rate (CAGR) of 9.0%. The surge during this forecast period can be linked to factors such as rising defense budgets, increasing maritime security threats, the growing need for naval vessels, and a concentrated focus on maritime domain awareness. Key trends during this projected period include the incorporation of artificial intelligence, cloud-based systems, mobile combat management system solutions, integration between humans and machines, and the inclusion of unmanned systems.

View the full report here:
https://www.thebusinessresearchcompany.com/report/combat-management-system-global-market-report

Top Growth Drivers in the Combat Management System Industry: What's Accelerating the Market?
The increase in maritime security risks is anticipated to fuel the expansion of the combat management system market. Such risks encompass a variety of threats and challenges that jeopardize the security and stability of marine operations. These maritime security threats are escalating due to factors like globalization, geopolitical tensions, terrorism, and poor governance, presenting worldwide threats to vessels, ports, and maritime structures. Combat management systems improve maritime security offering real-time situational intelligence, threat evaluation, force protection, and mission adaptability for naval undertakings. For example, as per the ICC International Maritime Bureau's (IMB) by the International Chamber of Commerce (ICC), a France-based international trade promotion group, the annual 2022 piracy report denoted a total of 115 incidents of piracy and armed ship robberies in 2022. Among these incidents, 95% involved successful vessel boarding by culprits, with half of them taking place in Southeast Asian waters, especially in the Singapore Straits, which are continuing to rise and hit a seven-year peak in 2022. Hence, the escalating maritime security risks are steering the expansion of the combat management system market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15542&type=smp

What Trends Will Shape the Combat Management System Market Through 2029 and Beyond?
Leading enterprises in the combat management system sector are focusing on widening their technological enhancements via strategic collaborations to improve their market footprint and meet more comprehensive customer needs. These strategic collaborations allow companies or organizations to utilize each other's technical know-how, resources, and capacities to innovate and apply new technologies. As an example, in March 2024, Naval Group, a defense industry corporation based in France, entered into a partnership with Marakeb Technologies, a UAE-based producer of outdoor and marine navigation electronics. They aim to create a national combat management system (NCMS) for the UAE Navy to boost the UAE's defense and security segments, facilitate sector growth, and supply national defense solutions ready for future necessities. This partnership involves a significant technology and knowledge transfer from the Naval Group to strengthen the defense abilities of the UAE and fortify its maritime status. The NCMS initiative is set to grant the UAE Navy sovereign benefits by offering controlled, personalized, and regularly updated systems in line with their needs, thus fostering the UAE's defense-industrial capabilities' growth.

What Are the Main Segments in the Combat Management System Market?
The combat management system market covered in this report is segmented -

1) By Component: Software, Hardware
2) By Sub-System: Self Defense Management System, Situational Awareness System, Track Management System, Weapon Management System, Display System, Identification System, Unmanned Vehicle Control System
3) By Platform: Principle Surface Combat, Submarine, Amphibious Ships, Fast Attack Craft And Petrol Boats And Crafts, Other Platforms

Subsegments:
1) By Software: Command and Control Software, Decision Support Software, Communication Software, Simulation Software, Data Analytics And Visualization Software, Cybersecurity Software
2) By Hardware: Sensors (Radar, Sonar), Displays And Consoles, Communication Equipment, Control Panels, Processors And Servers, Power Supply Units

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15542&type=smp

Which Top Companies are Driving Growth in the Combat Management System Market?
Major companies operating in the combat management system market are Raytheon Technologies Corporation, Lockheed Martin Corporation, IBM Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., BAE Systems PLC, Thales Group, L3Harris Technologies Inc., Hanwha Corporation, Rheinmetall AG, Elbit Systems Ltd., Rockwell Collins Inc., Israel Aerospace Industries Ltd., Naval Group, Saab AB, Indra Sistemas, Kongsberg Gruppen, Cobham plc, Bharat Electronics Limited (BEL), QinetiQ Group plc, Cubic Corporation, ATLAS ELEKTRONIK GmbH, Terma A/S

Which Regions Will Dominate the Combat Management System Market Through 2029?
North America was the largest region in the combat management system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the combat management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15542

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.