The global command and control systems market size is anticipated to reach USD 25.04 billion by 2025, registering a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing military budgets of Asian countries, such as China and India, rising influence of terror groups in Iraq, Syria, and Palestine, and technological advancements in defense industry are anticipated to fuel the Command and Control (C2) demand.
Geopolitical
conflicts in Asian countries, such as India, China, and Pakistan coupled with
multinational military practices performed by the armed forces in Middle East
are expected to fuel the demand for C2 systems as they enhance efficiencies of
military operations. Command and control systems offer technological
advantages, such as real-time information sharing and situational awareness,
which enhance operational competences of military operations. Moreover,
extensive adoption of C2 systems to effectively manage mission-critical
situations in the commercial sector as well as manufacturing, transportation,
and other industries is predicted to drive the market over the forecast period.
The
maritime segment is estimated to witness the highest growth over the forecast
period. Growing investments in naval development across the world along with
increasing global trade activities and usage of cargo ships in maritime trade
are contributing to the segment growth. Technological advancements offer
benefits such as higher efficiency in battlefield operations, situational
awareness and effective planning and decision making in mission-critical
situations.
Some
of the major vendors active in the Command and Control (C2) systems market are
Lockheed Martin Corporation, BAE Systems, Rockwell Collins, and The Boeing
Company. Vendors operating in the market are poised to witness a rise in the
demand owing to increasing technological advancements.
Full Research Report On Command and Control Systems Market Visit Here:
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Further key
findings from the study suggest:
- Maritime is
predicted to register the fastest CAGR of 5.5% over the forecast period
owing to the increasing marine trade, need for safety and security of the
shipping operations and growing investments in naval forces by the
developed countries
- The land segment
is anticipated to hold the largest market share throughout the forecast
period due to the increasing adoption of the C2 systems in land-based
military operations
- Asia Pacific
is anticipated to be the fastest growing regional market, on account of
the growing geopolitical conflicts and military expenditures on the next
generation of communication activities
- Some of the
prominent players operating in the command and control systems market are
Lockheed Martin Corporation, BAE Systems, Rockwell Collins, and The Boeing
Company.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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