Mission Management Systems Market by End-User (Air Based, Naval Based, Land Based and Unmanned Systems Based) Global Forecast to 2022
The mission management systems market is projected to grow from USD
13.97 Billion in 2016 to USD 27.50 Billion by 2022, at a CAGR of 11.95% from
2016 to 2022.
Browse 68 market data tables and 53
figures spread through 140 pages and in-depth TOC on “Mission Management Systems Market -
Global Forecast to 2022”
Major players in the mission management systems market are
Lockheed Martin Corporation (U.S.), SAAB AB (Sweden), Thales Group (France),
Northrop Grumman Corporation (U.S.), Honeywell International, Inc. (U.S.),
Curtiss-Wright Corporation (U.S.), and QinetiQ Group plc. (U.K.), among others.
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Based on
application, the defense segment is projected to lead the mission management
systems market during the forecast period
Based on
application, the defense segment is projected the mission management systems
market. The defense forces are investing heavily on new technologies to
modernize their forces and determine the best technology that offers
exceptional performance in the long run with lesser development cost.
Based on
end user, the air segment is estimated to grow at the highest CAGR during the
forecast period
On the basis of
end user, the air system segment of the mission management systems market is
anticipated to grow at the highest CAGR during the forecast period. The use of
network centric warfare for air-based end users is one of the important factors
that drives this market since active radar sensor tracking objects moving in
air can provide accurate ranging measurements..
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North
America is estimated to be the largest market for mission management systems
North America led
the mission management systems market in 2016. Countries in this region include
the U.S. and Canada. Significant investments in research and development in
mission management systems for the army and special operations, and increasing
demand of unmanned systems, and sensors are some of the factors expected to
boost the growth of the mission management systems market in this region.
The
U.S. is expected to contribute majorly to the growth of the mission management
systems market in North America. The growth can be attributed to the ongoing
technological advancements in the country.
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