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Detailed examination of the combat management system market that will be worth $15.9 billion USD by 2022

Detailed examination of the combat management system market that will be worth $15.9 billion USD by 2022

The combat management system market is projected to grow from USD 306.7 million in 2017 to USD 365.5 million by 2022, at a CAGR of 3.57% during the forecast period. The growth of this market is mainly attributed to the increase in shipbuilding activities and the need for situational awareness systems in naval combat operations. However, proven capability and fidelity of legacy systems are restraining the growth of the market.

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“Combat Management System Market By Sub-System (Self-Defense, Situational Awareness, Track Management, Identification, And Unmanned Vehicle), Component (Hardware, Software), Platform (Destroyers, Submarines, Frigates, and Corvettes) And Region - Global Forecast To”.

Need for situational awareness systems is one of the key factors expected to drive the combat management system market

The software segment is projected to grow at the highest CAGR during the forecast period

Based on component, the combat management system market has been segmented into software and hardware. The software segment is projected to grow at the highest CAGR from 2017 to 2022.

This growth is mainly attributed to the high development cost of software, which is based on the complex architecture of the combat management system.

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Major companies operating in the combat management system market include BAE Systems plc (UK), Elbit Systems Ltd. (Israel), Kongsberg Gruppen ASA (Norway), Leonardo S.p.A.

(Italy), Lockheed Martin Corporation (US), Raytheon Company (US), Saab AB (Sweden), and Thales Group (France), among others.

Research Coverage:

This research report categorizes the combat management system market based on component (hardware and software), sub-system (self-defense management system, situational awareness system, track management system, weapon management system, display system, identification system, and unmanned vehicle control system), and platform (destroyers, submarines, frigates, amphibious ships, corvettes, fast attack craft (FAC), and aircraft carriers). These segments and subsegments have been analyzed across major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW).

Reasons for Getting this Report

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

It provides distinctive graphics and exemplified analysis of major market segments

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