06-Jan-2021 | Zion Market Research
As per to Zion Market Research, the global command and control systems market is valued at USD 30 Billion during 2017 and is estimated to attain USD 36 Billion by 2025, developing at a CAGR over 4.30% from 2019 to 2025. The command and control systems technology is broadly used in commercial and defense segments as the command centers have the potential to bring several disciplines together and form interconnection amid them for productively performing the procedures. The introduction of latest-generation defense technologies and a noteworthy rise in military financial plans of the nations across the Asia Pacific region are some of the principal factors accredited to the surging demand. These systems are giving vast applications in the worldwide terror controlling actions and the multinational military operations globally. In military actions, the command and control technologies allow real-time battlefield data sharing and present a situational awareness that improves the operational efficiencies of military activities.
Some of the key players in the market are Rockwell Collins, General Dynamics, BAE Systems, Lockheed Martin Corporation, Leonardo SPA, Thales Group, Elbit Systems Ltd., Rolta India Limited, Northrop Grumman Corporation, The Boeing Company, Saab AB, CACI International Inc., and Siemens AG.
Rising Security Demand To Spur The Global Command and Control Systems Market
The rising requirement for interoperability amid security technology or devices is generating demand grip for command and control systems, thus driving the worldwide command and control market. Nevertheless, the higher cost of advancement and maintenance of command and control systems and subsections is hindering the growth of the market. Furthermore, reliability and security apprehensions like cyber-attacks are likely to decline the implementation of command and control systems, therefore lowering the CAGR development of the worldwide command and control market. The need for incorporated command and control systems in healthcare, transportation, and law enforcement segments is expected to create a rewarding prospect for contenders in the command and control systems market.
The global command and control systems market is categorized on the basis of platform, solution, application, and regional analysis. Based on the platform, the market is divided into land, maritime, space, and airborne. Based on the solution outlook, the market is divided into hardware, software, and services. Based on the applications, the market is divided into defense and commercial.
Asia Pacific To Witness The Largest Market Share In The Global Command and Control Systems Market
Based on the geographical analysis, the global command and control systems market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The North America region held the largest market share during 2018, due to rapid technological advancements and concentration of the main command and control system providers. In addition, the collaborative multinational military actions performed by the U.S. with the regional administrations across the Middle East are contributing to provincial growth. The Asia Pacific region is expected to emerge as the fastest developing regional market in the forecasted period.
Browse the full “Command And Control Systems Market- By Application (Commercial, Defense), By Solution (Services, Hardware, Software), By Platform (Airborne, Maritime, Land, Space) - Global Industry Perspective Comprehensive Analysis And Forecast, 2020 - 2026.” Report at https://www.zionmarketresearch.com/report/command-and-control-systems-market
The global command and control systems market is segmented as follows:
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