25-June-2019: The global command and control systems market
size is anticipated to reach USD 25.04 billion by 2025, registering a CAGR of
3.8% over the forecast period, according to a new report by Grand View
Research, Inc. Increasing military budgets of Asian countries, such as China
and India, rising influence of terror groups in Iraq, Syria, and Palestine, and
technological advancements in defense industry are anticipated to fuel the
Command and Control (C2) demand.
Geopolitical conflicts in Asian
countries, such as India, China, and Pakistan coupled with multinational
military practices performed by the armed forces in Middle East are expected to
fuel the demand for C2 systems as they enhance efficiencies of military
operations. Command and control systems offer technological advantages, such as
real-time information sharing and situational awareness, which enhance
operational competences of military operations. Moreover, extensive adoption of
C2 systems to effectively manage mission-critical situations in the commercial
sector as well as manufacturing, transportation, and other industries is
predicted to drive the market over the forecast period.
The maritime segment is
estimated to witness the highest growth over the forecast period. Growing
investments in naval development across the world along with increasing global
trade activities and usage of cargo ships in maritime trade are contributing to
the segment growth. Technological advancements offer benefits such as higher
efficiency in battlefield operations, situational awareness and effective
planning and decision making in mission-critical situations.
Some of the major vendors
active in the Command and Control (C2) systems market are Lockheed Martin
Corporation, BAE Systems, Rockwell Collins, and The Boeing Company. Vendors
operating in the market are poised to witness a rise in the demand owing to
increasing technological advancements.
In depth research report on Command and
Control Systems Market
Further
key findings from the study suggest:
· Maritime
is predicted to register the fastest CAGR of 5.5% over the forecast period
owing to the increasing marine trade, need for safety and security of the
shipping operations and growing investments in naval forces by the developed
countries
· The
land segment is anticipated to hold the largest market share throughout the
forecast period due to the increasing adoption of the C2 systems in land-based
military operations
· Asia
Pacific is anticipated to be the fastest growing regional market, on account of
the growing geopolitical conflicts and military expenditures on the next
generation of communication activities
· Some of
the prominent players operating in the command and control systems market are
Lockheed Martin Corporation, BAE Systems, Rockwell Collins, and The Boeing
Company.
Grand View Research has
segmented the global command and control systems market based on platform,
solution, application, and region:
Command
and Control Systems Platform Outlook (Revenue, USD Million, 2014 - 2025)
· Land
· Maritime
· Space
· Airborne
Command
and Control Systems Solution Outlook (Revenue, USD Million, 2014 - 2025)
· Hardware
· Software
· Services
Command
and Control Systems Application Outlook (Revenue, USD Million, 2014 - 2025)
· Defense
· Commercial
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About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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