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Combat Management System Market Premium Insights, Technology Trends, Challenges & Opportunities Till 2022

Rising demand for advanced situational awareness systems for naval ships and submarines and increase in up gradation of legacy combat management systems by different navies across the world are expected to drive the combat management system market during the forecast period.

The global combat management system market size is projected to grow from USD 298.3 Million in 2016 to USD 365.5 Million by 2022, at a CAGR of 3.57% during the forecast period.The growth of the market is supported by factors such as growing demand for advanced situational awareness systems for naval ships and submarines and increase in upgradation of combat management systems by different navies across the world.

The report analyzes the combat management system market based on component, sub-system, and platform. These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW). The report provides an in-depth market intelligence regarding major market dynamics, such as drivers, restraints, opportunities, and industry-specific challenges that may influence the growth of the market, along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution to the overall market.

The report also covers competitive developments, such as long-term contracts, agreements, and research & development activities in the combat management system market, in addition to business and corporate strategies adopted by key market players.

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The combat management system market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period due to the increase in combat ship building activities and deliveries of combat vessels in this region. Most of the countries in the region, such as China, India, Japan, Philippines, and Taiwan, are increasing their naval capabilities by upgrading existing naval systems to combat management systems. These upgradations are expected to drive the demand for combat management systems in the region.

The combat management system market is highly competitive, with many public sector companies developing, integrating, and manufacturing combat management systems. These companies are engaged in long-term contracts with the Navies of different nations and with various shipbuilding companies.

Major players operating in the combat management system market include BAE Systems plc (UK), Elbit Systems Ltd. (Israel), Kongsberg Gruppen ASA (Norway), Leonardo S.p.A.(Italy),  Lockheed Martin Corporation (US), Raytheon Company (US), Saab AB (Sweden), and Thales Group (France), among others.

BAE Systems plc (UK) supplies its combat management systems to the Royal Navy (UK) for various maritime applications. In 2016, BAE Systems received a contract worth USD 245 million from the UK Ministry of Defense for the supply of Maritime Indirect Fires System (MIFS) and combat management systems for the UK Royal Navy’s Type 26 global combat ships.

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