Combat Management System Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
A combat management system (CMS) is a sophisticated, integrated system used by military forces to manage and coordinate combat operations across various platforms, such as naval vessels, aircraft, and ground-based command centers. This system provides commanders and operators with comprehensive situational awareness, command and control capabilities, and decision support tools during combat scenarios.

Sizing and Forecast
The combat management system market size has grown strongly in recent years. It will grow from $15.73 billion in 2023 to $16.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%.  The  growth in the historic period can be attributed to demand for enhanced maritime surveillance and reconnaissance, demand for integrated air defense systems, expansion of naval capabilities in emerging economies, and need for improved command and control capabilities.

The combat management system market size is expected to see strong growth in the next few years. It will grow to $23.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.  The growth in the forecast period can be attributed to increasing defense budgets, maritime security threats, rising demand for naval vessels, and focus on maritime domain awareness. Major trends in the forecast period include integration of artificial intelligence, cloud-based solutions, mobile combat management system solutions, human-machine teaming, and integration of unmanned systems.

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Segmentation & Regional Insights
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

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.

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Major Driver Impacting Market Growth
The rising maritime security threats are expected to propel the growth of the combat management system market going forward. Maritime security threats refer to a range of risks and challenges that threaten the safety and stability of marine activities. Maritime security threats are increasing due to globalization, geopolitical tensions, terrorism, and weak governance, posing global risks to vessels, ports, and maritime infrastructure. Combat management systems enhance maritime security by providing real-time situational awareness, facilitating threat assessment, protecting forces, and enabling mission flexibility for naval operations. For instance, according to the ICC International Maritime Bureau's (IMB) annual piracy report (2022) by the International Chamber of Commerce (ICC), a France-based global business organization that promotes international trade, responsible business conduct, and a global approach to regulation, total of 115 incidents of piracy and armed robbery against ships in 2022, where 95% of the reported incidents involved successful boarding of the vessels by perpetrators with half of them occurring in Southeast Asian waters, particularly in the Singapore Straits, where incidents continue to rise and have reached a seven-year high in 2022. Therefore, the rising maritime security threats are driving the growth of the combat management system market.

Key Industry Players
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

The combat management system market report table of contents includes:
1. Executive Summary
2. Combat Management System Market Characteristics
3. Combat Management System Market Trends And Strategies
4. Combat Management System Market - Macro Economic Scenario
5. Global Combat Management System Market Size and Growth
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31. Global Combat Management System Market Competitive Benchmarking
32. Global Combat Management System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Combat Management System Market
34. Combat Management System Market Future Outlook and Potential Analysis
35. Appendix

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