Command and Control Systems Market Size Looking Forward Industry Growth till 2027
Market Overview:
Command and Control Systems Market Size is Projected to reach USD 44.69 Billion by 2027, registering a CAGR of 4.7% during 2020-2027.
The command and control system is a combination of equipment, procedures, and facilities essential for commanders to administer, plan, and control the operations related to their mission. The combination of command and control is called C2 in military terminology. C2 is supposed to be the process utilized by the commanding organizations in which commanders plan, coordinate, control, and direct the forces to fulfil the mission.
A command and control system mainly depends on the core elements like applications- hardware and software, information, and humans. A mission is accomplished perfectly when the commanders get genuine, real-time, and continuous data, as the data will help the commanders to take the right action at the right time. The efficiency of the systems is experienced on the battlefield where the systems provide support to the commander to plan and carry out the missions. Even in the case of a multi-threat environment and shortage of reaction time, the system supports the military professional in strategic planning to accomplish the mission. The increase in terror attacks and modernization of the military organizations are the factors that drive the Command and Control Systems Market towards growth.
Key Players:
BAE Systems Plc (UK), Elbit Systems Ltd (Israel), General Dynamics Corporation (US), L3harris Technologies (US), Leonardo Spa (Italy), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Rheinmetall AG (Germany), Thales Group (France)
Market Segmentation:
The Command and Control Systems Market can be segmented on component, application, platform, installation base, and region. According to the component category, the market can be further divided into services and solutions. The segments like government (for homeland security & cyber protection), defense (military security and cyber protection), and commercial come under the application category of the market. The market is divided based on land, airborne, maritime, and space according to the platform category. The installation base category is divided based on deployable and fixed command centers. According to the region category, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Analysis:
According to the component category, the software segment dominates the market. The government and defense segments contribute the largest share to the market growth. According to the platform category, the system used for land dominates the market. However, the other segments in this category are expected to result in market growth. The North American segment of the regional category dominates the market.
Industry News:
The global analysis of the Command and Control Systems Market states that the market is expected to reach 44.69 billion US dollars at a 4.7% CAGR by the end of 2026. The threat of terror attacks has become a global issue. So preparing the military organizations to face such an issue has become the priority. This situation resulted in the growth of the market. Further, the increase in investments made by the military organizations to implement these systems and towards artificial intelligence also resulted in market growth.
Even though the systems were meant mainly for military organizations, recently, they are utilized by the industrial, commercial, manufacturing, and transportation sectors. Despite having so many benefits, the cost of implementing the systems creates a hindrance in the market growth. The reliability and security of the systems is also a factor that may hamper the market growth.
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