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What's Behind the Strong Growth of the Naval Combat Management System Market Size in the Last 5 Years?
Over the past few years, there has been considerable growth in the naval combat management system market size. It is forecasted to rise from $8.73 billion in 2024 to $9.46 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%.
This growth over the historic period can be linked to factors such as increased defense spending, modernization of the fleet, escalating geopolitical disputes, the expansion of shipbuilding, and emphasis on maritime boundary security.
The market size of the naval combat management system is predicted to experience considerable growth in the coming years, expanding to an estimated value of $12.87 billion in 2029 with a compound annual growth rate (CAGR) of 8.0%. The projected growth during this period is likely due to factors such as increasing maritime conflicts, the need to ensure fleet survivability, pressures to adhere to regulations, the need for modernization of existing systems, and global political tensions propelling the need for naval capability enhancement.
Significant trends foreseen during this forecast period include a move towards modular and open architecture, a shift towards unmanned platforms, a heightened emphasis on cybersecurity, procurement alliances at a regional level, and the facilitation of interoperability among allied fleets.
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What Drivers Are Powering the Rise of the Naval Combat Management System Market?
The anticipated escalation in geopolitical conflicts is predicted to spike the expansion of the naval combat management system market. Geopolitical tensions constitute disagreements between countries stemming from rivalries in politics, economy or geographical boundaries, compromising global stability.
The escalation of such tensions, fuelled by territorial disagreements and military confrontations, arising from competition for land, assets, and strategic predominance, is causing rifts in international relations. These intensifying tensions are fuelling the need for naval combat management systems, instrumental in efficient maritime defense and maintaining naval forces' performance readiness in disputed waters.
For instance, the Armed Conflict Location and Event Data, a US non-profit organization, reported in July 2024 that between July 2023 and June 2024, political violence incidents globally exceeded 165,273, marking a 15% uptick from the preceding year. During this timeframe, it is projected that one in every seven people globally encountered conflict exposure.
Hence, the escalating geopolitical tensions are stimulating the growth of the naval combat management system market.
How Is the Naval Combat Management System Market Structured Across Key Segments?
The naval combat management system market covered in this report is segmented as
1) By Component: Hardware, Software, Services
2) By Platform: Destroyers, Submarines, Frigates, Aircraft Carriers, Corvettes, Other Platforms
3) By Application: Weapon Management, Surveillance, Situational Awareness, Navigation, Other Applications
4) By End User: Naval Forces, Coast Guards, Other End-Users
Subsegments:
1) By Hardware: Processors, Displays, Sensors, Communication Modules
2) By Software: Command And Control Software, Navigation Software, Weapon Control Software, Data Management Software
3) By Services: Installation Services, Maintenance Services, Training Services, Integration Services
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How Will Market Trends Drive Strategic Shifts in the Naval Combat Management System Sector?
Key players in the naval combat management system market are concentrating their efforts on creating advanced solutions, such as integrated sensor fusion, to augment situational awareness and real-time decision-making abilities. Integrated sensor fusion involves the blending of data from various sensors like radars, sonars, and electro-optical devices to provide a singular, unified picture.
It helps boost accuracy, completeness, and real-time situational awareness, facilitating quicker and more knowledgeable choices in naval activities. For example, Aselsan Elektronik Sanayi ve Ticaret A.S., a defence firm based in Turkey, unveiled its New Generation Centennial VTZ Combat Management System (CMS) in March 2022 at the DIMDEX 2022 exhibition in Doha, Qatar.
This system provides an all-in-one solution integrating numerous sensors, weaponry, and command-and-control technologies, granting real-time tactical awareness and improved interoperability across various naval vessels. The Centennial VTZ CMS is adaptable to the needs of different users and platforms, proficient in combining data from radars, sonars, electro-optical devices, electronic warfare suites, and tactical data links for a transparent and complete operational overview.
Its open system structure ensures the flawless integration of different effectors and sensors, expediting decision-making processes, increasing situational awareness, and heightening fire-control solutions for contemporary naval operations.
Where Is the Naval Combat Management System Market Experiencing the Fastest Regional Growth?
North America was the largest region in the naval combat management system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in naval combat management system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Leading Players Shaping the Future of the Naval Combat Management System Industry
Major companies operating in the naval combat management system market are RTX Corporation, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, Thales S.A., L3Harris Technologies Inc., Leonardo S.p.A., Huntington Ingalls Industries Inc., Rheinmetall AG, Elbit Systems Ltd., Indra Sistemas S.A., Israel Aerospace Industries Ltd., Tata Advanced Systems Limited, Saab AB, Kongsberg Gruppen ASA, Bharat Electronics Limited, HENSOLDT AG, Atlas Elektronik GmbH, Terma A/S
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