According to Stratistics MRC, the Global Combat Management System Market is accounted for $346.29 million in 2020 and is expected to reach $543.66 million by 2028 growing at a CAGR of 5.8% during the forecast period. Rising enhanced situational awareness, anti-warfare capabilities and increase in the spending on military sector are driving the market growth. However, the high implementation cost is hampering the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period due to the growing ship building activities and increasing deliveries of combat vessels in the region. Asia Pacific countries, such as China, India, and Japan, are also increasingly investing in the development of future-centric naval technologies and are prominently credited to escalate ship building activities and conveyances of combat vessels in the region.
Some of the key players profiled in the Combat Management System Market include BAE Systems Plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Saab AB, Thales Group, Hanwha Corporation, Elbit Systems Ltd, Bharat Electronics Limited (BEL), Leonardo S.p.A., Israel Aerospace Industries Ltd and Kongsberg Gruppen.
• Aircraft Carriers
• Fast Attack Craft (FAC)
• Amphibious Ships
• Weapon Management System
• Track Management System
• Unmanned Vehicle Control System
• Self Defense Management System
• Display System
• Situational Awareness System
• Identification System
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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