According to the report, global demand for Command and Control Systems market was valued at approximately USD 34.2 billion in 2019, and is expected to generate revenue of around USD 47.5 billion by end of 2026, growing at a CAGR of around 4.8 % between 2020 and 2026.
According to the report, global demand for Command and Control Systems market was valued at approximately USD 34.2 billion in 2019, and is expected to generate revenue of around USD 47.5 billion by end of 2026, growing at a CAGR of around 4.8 % between 2020 and 2026.
Global Command and Control Systems Market: Overview
C2 or command and control is a widely used the term in the military system. Based on the definition given by the military scientists, C2 is a set of technical and organizational attributes and processes that employ the physical, human, and information resources to solve the problems and finish the missions.
Global Command and Control Systems Market: Growth Factors
The escalating requirement to improve military, law enforcement, military, utilities, and the manufacturing industries owing to the increasing terrorist activities are driving the growth of the command and control systems market. Growing geopolitical conflicts among the regions also contribute to the increased demand for command and control systems. There is increased use of the C2 technology in the commercial and defense sectors as command centers help in bringing together different disciplines and create an interconnection between them to carry out the operations smoothly. In regions such as the Asia Pacific, introduction to the next-gen defense technologies and increased military spending are other factors increasing the demand for the command and control systems market. These systems are extensively used for controlling world terror activities and in managing military operations around the world. Moreover, growing awareness about the technological benefits such as information exchange, situation assessment, and operational control is triggering the growth of the global command and control systems market. The commercial sector also contributes to an increased demand for the command and control systems in order to manage the vital operations. The commercial end-users for the command and control systems are power plants, research labs, manufacturing plants, oil and gas installation plants, airports, and others.
Global Command and Control Systems Market: Segmentation
The global command and control systems market is segmented into its application, solution, and platform. In terms of application, the market is bifurcated into commercial and defense applications. Based on the solution, the command and control systems market is divided into services, hardware, and software. Different platform for the command and control systems are airborne, maritime, land, and space.
Global Command and Control Systems Market: Regional Analysis
Majority of the command and control systems market shares is expected to be held by North America. The presence of major command and control systems providers and the swift technological developments in the region contribute to the growth of the command and control systems market. Furthermore, the U.S. is practicing collaborative international military operations with the help of local governments in the Middle East contributing to the North American command and control systems market. Another factor that contributes to the market growth in this region is the presence of vital infrastructure.
Asia Pacific region is anticipated to grow with the highest growth rate in the coming years. Defense spending among the Asian countries has increased drastically thus increasing the demand for the command and control systems market. Increasing conflicts among the countries in the Asia Pacific and the pressure of rapidly growing terrorism are factors increasing the adoption of command and control systems.
Global Command and Control Systems Market: Competitive Players
Among several companies in the global command and control systems market, some of the prominent players include Raytheon, General Dynamics, Thales, Elbit Systems, Systematic, Northrop Grumman, Lockheed Martin, Rockwell Collins, BAE Systems, Leonardo, and SAAB, among others.
Global Command and Control Systems Market: Regional Segment Analysis
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