Combat System Integration Market by Application (Land-based, Naval, Airborne) worth 25.46 Billion USD by 2022
The
combat system integration market is projected to grow from USD 4.26 Billion in
2016 to USD 25.46 Billion by 2022, at a CAGR of 34.7% during the forecast
period, 2016 to 2022.
Browse 93 market data tables
and 60 figures spread through 172 pages and in-depth TOC on “Combat System Integration Market - Global
Forecast to 2022”
Leading players in the combat system integration market include
Lockheed Martin Corporation (U.S.), BAE Systems PLC (U.K.), Raytheon Company
(U.S.), Saab AB (Sweden), and Thales Group (France), among others.
Early buyers will receive 10%
customization on reports.
Among all
platforms, the submarine segment led the combat system integration market
Based on platform,
the submarine segment is anticipated to lead the combat system integration
market from 2016 to 2022. Submarine is widely used by military forces worldwide
for varied applications such as patrolling, target acquisition, tracking, and
surveillance. Emerging countries such as China and India, among others are
developing a large force of submarines. These countries are investing in
Air-Independent Propulsion (AIP) technology and focusing on the manufacture of
nuclear submarines. For instance, China launched the world’s largest nuclear
submarine known as TYPE 032 in 2010. India is also building six new nuclear
submarines; in 2016, the country commissioned its new nuclear submarine, INS
Arihant. Such developments are expected to fuel the growth of the combat system
integration market in the submarine segment.
Download PDF Brochure :
The naval
application segment is anticipated to grow at the highest CAGR during the
forecast period
The combat system
integration market has been segmented and analyzed on the basis of application
into naval, airborne, and land-based. Based on application, the naval segment
is projected to grow at the highest CAGR from 2016 to 2022. This growth is
primarily driven by increase in the number of navy combat system modernization
programs, procurement of new military equipment, and rise in defense spending, globally.
The U.S.
and the U.K. to be opportunistic markets for combat system integration
The U.S. and the
U.K. are expected to be key markets for combat system integration in the coming
years; this market in the U.S. is projected to grow at the highest CAGR during
the forecast period. Growth of the combat system integration market in G7
nations is mainly attributed to the increasing research & development
activities undertaken for the development of advanced technology-based designs
of combat systems. Integration helps in troubleshooting, maintaining, and
repairing not only radars and communications systems but also flight controls
and weapons systems.
On the basis of platform, the combat
system integration market has been segmented into large combat ships, medium
combat ships, small combat ships, submarines, fighter aircraft, combat
helicopters, and armored vehicles/artillery. Increasing demand for integration
of combat systems can be attributed to several factors, which include
upgradation of existing naval platforms, need for interconnected warfare
systems, and requirement for command & control over large scale combat
platforms, among others. These factors are expected to fuel the growth of the
market during the forecast period.
Use of combat system integration in the
defense sector has increased considerably over the past few years. In addition,
there is increase in the number of new combat systems that are manufactured,
worldwide. These combat systems as well as support systems need to be
integrated with each other on combat platforms. Among applications, the naval
segment is projected to lead the combat system integration market during the
forecast period. This segment is expected to witness the highest growth during
the forecast period.
Really nice and interesting post. I was looking for this kind of information and enjoyed reading this one. Keep posting. Thanks for sharing.
ReplyDeleteUAS
UAV