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Combat Management Systems - Global Market Trajectory & Analytics

  • ID: 4804228
  • Report
  • February 2022
  • Region: Global
  • 356 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ASELSAN A.S.
  • Atos SE
  • ECA Group
  • Hanwha Systems Co., Ltd
  • Leonardo DRS
  • Saab AB

Global Combat Management Systems Market to Reach $392.5 Million by 2026


A Combat Management System (CMS) comprises the central command and decision-making element of a vessel combat system. The system basically comprises a computer and software that integrates the ship sensors, weapons, radars, and data and other equipment into a single system. The system is designed to offer situational awareness and intelligence to the crew to enable them to perform combat tasks efficiently. Key functions of the Combat Management System include weapons control, threat evaluation, situation assessment, picture compilation, among others. Combat Management Systems collect data from surrounding environment through sensors and radars. The data collected is collated, converted and disseminate into actionable intelligence. Modern CMS systems are capable of handling huge amounts of data and monitor thousands of positions and are highly automated and also feature a command, control and communication capability. Some of the systems also feature electro-optical infrared cameras, short-range anti-air missiles, and countermeasure devices designed to delude detection systems.

Amid the COVID-19 crisis, the global market for Combat Management Systems estimated at US$340.9 Million in the year 2020, is projected to reach a revised size of US$392.5 Million by 2026, growing at a CAGR of 2.5% over the analysis period. Software, one of the segments analyzed in the report, is projected to record 2.7% CAGR and reach US$320 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $99.7 Million in 2021, While China is Forecast to Reach $73.9 Million by 2026


The Combat Management Systems market in the U.S. is estimated at US$99.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$73.9 Million by the year 2026 trailing a CAGR of 4.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Global demand is propelled by increasing focus on superior situational awareness and growing military expenditure across emerging countries. The global combat management system market is slated to experience gains in the long-term due to increasing focus on improving naval and defense services along with the need to enhance control and efficiency of vessel navigation. Combat management systems are intended to offer services-based, accessible framework. These systems facilitate planning for effective combat missions, coordination of multiple units, error identification using past data, and placement of intelligence on map. Combat management systems allow integration, analysis and transfer of sensor data to ensure strategic deployment of submarines, ships or other resources for combined operations, especially during complex scenarios like littoral warfare. These systems rely on sophisticated adapters for architecture tractability to maintain sensors, communication and weapon interfaces. The systems are gaining increasing attention owing to growing need for situational awareness devices in submarines and naval ships along with strong focus of naval forces to modernize legacy combat management systems. The market growth is also fueled by ongoing technological advances in combat management systems that are playing an important role in improving efficiency of defense combating ability. In addition, providers of these systems are developing advanced and compact systems to cater to the needs of small platforms. These systems feature a small footprint while ensuring desirable performance. Moreover, the availability of sophisticated combat management systems capable of offering enhanced awareness regarding weaponry control is expected to further drive the global market.

Select Competitors (Total 38 Featured) -

  • ASELSAN A.S.
  • ATLAS ELEKTRONIK GmbH
  • Atos SE
  • BAE Systems plc
  • Bharat Electronics Limited (BEL)
  • ECA Group
  • Elbit Systems Ltd
  • Hanwha Systems Co., Ltd
  • Kongsberg Gruppen ASA
  • Leonardo DRS
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • Raytheon Technologies Corporation
  • Saab AB
  • Tata Advanced Systems Limited
  • Terma A/S
  • Thales S.A.
Frequently Asked Questions about the Global Market for Combat Management Systems

What is the estimated value of the Global Market for Combat Management Systems?

The Global Market for Combat Management Systems was estimated to be valued at $340.9 Million in 2020.

What is the growth rate of the Global Market for Combat Management Systems?

The growth rate of the Global Market for Combat Management Systems is 2.4%, with an estimated value of $392.5 Million by 2026.

What is the forecasted size of the Global Market for Combat Management Systems?

The Global Market for Combat Management Systems is estimated to be worth $392.5 Million by 2026.

Who are the key companies in the Global Market for Combat Management Systems?

Key companies in the Global Market for Combat Management Systems include ASELSAN A.S., ATLAS ELEKTRONIK GmbH, Atos SE, BAE Systems plc, Bharat Electronics Limited (BEL), ECA Group, Elbit Systems Ltd, Hanwha Systems Co., Ltd and Leonardo DRS.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ASELSAN A.S.
  • Atos SE
  • ECA Group
  • Hanwha Systems Co., Ltd
  • Leonardo DRS
  • Saab AB

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Leaves the Global Economy in Shambles
  • Where Does this Leave Defense Spending?
  • Japan Defense Budgets: A Pre & Post COVID-19 Comparison (In US$ Billion)
  • UK Defense Budget: A Pre & Post COVID-19 Comparison (In US$ Billion)
  • Combat Management System (CMS): A Prelude
  • Software Segment to Achieve Higher Growth
  • Ever-Hostile Geopolitical Scenario and Relentless Quest for Military Supremacy Create Ample Room for Advanced Naval Technologies such as CMS
  • Global Military Spending (in US$ Billion) for the Years 2006 through 2022
  • Military Expenditure as a % of GDP in Selct Countries
  • Emerging Markets Remain Long-Term Driving Forces for Combat Management Systems
  • Combat Management Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Artificial Intelligence (AI) Steps In to Add Next Generation Capabilities to CMS
  • Application of AI in Unmanned Vehicles to Drive Opportunities
  • The US and China Seek Early Adopter Advantage in AI-Powered CMS
  • Widespread Use in Submarines Drives Overall Revenue Growth
  • Key Technologies in Submarine Combat System (2019): Percentage Breakdown of Revenues by Armament Type
  • Rise of Unmanned Vehicles Extends New Line of Opportunities
  • Global Unmanned Underwater Vehicles Market in US$ Million: 2018-2026
  • New Capabilities for Diverse Missions Drive USV Adoption
  • New Generation Radars Empower CMS with Robust Capabilities
  • Evolving Role of Electronic Warfare (EW) to Stir Next Wave of Growth in CMS Deployments
  • Availability of Sophisticated Combat Management Systems Fuels Wider Adoption: A Review of Select Established CMS Technologies

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Combat Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Combat Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Combat Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Combat Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Combat Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Combat Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Combat Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

REST OF EUROPE

ASIA-PACIFIC

  • Combat Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ASELSAN A.S.
  • ATLAS ELEKTRONIK GmbH
  • Atos SE
  • BAE Systems plc
  • Bharat Electronics Limited (BEL)
  • ECA Group
  • Elbit Systems Ltd
  • Hanwha Systems Co., Ltd
  • Kongsberg Gruppen ASA
  • Leonardo DRS
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • Raytheon Technologies Corporation
  • Saab AB
  • Tata Advanced Systems Limited
  • Terma A/S
  • Thales S.A.
Note: Product cover images may vary from those shown