The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Network Centric Warfare Global Market Report 2024 offers crucial insights into the network centric warfare market help businesses analyse and build stronger strategies.

Current Market Size and Growth

• Market Size in 2023: $58.6 billion
• Market Size in 2024: Expected to grow to $61.76 billion
• CAGR: 5.4% from 2023 to 2024
• Historic Growth Drivers:
  • Training and skill development
  • Shift towards interconnected systems
  • Military doctrine evolution
  • Integration of sensor networks
  • Cybersecurity and data protection

Future Market Projections

• Market Size in 2028: Expected to reach $74.04 billion
• CAGR: 4.6% from 2024 to 2028
• Forecast Period Growth Drivers:
  • AI and machine learning integration
  • Enhanced cyber defense systems
  • Cloud-based solutions
  • Focus on resilient communication networks
  • Evolution of command and control systems

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Major Trends in the Forecast Period

• Training and skill development
• Rapid technological evolution
• Multi-domain integration
• Cyber resilience and security
• Enhanced information sharing

Rising Military Expenditure and Its Impact on Network-Centric Warfare Market

• Increasing Military Expenditure: Propelling growth in network-centric warfare
• Government Spending:
  • Supports development of weapons, systems, operations, maintenance, and personnel
  • Example: European Defense Agency’s record spending in December 2022
  • $53.4 billion on defense equipment, a 16% rise from 2020
  • Total European defense spending: $228.6 billion, a 6% increase from 2020
• Impact: Sustains growth in network-centric warfare market

Key Companies in the Market

• Cisco Systems Inc.
• Lockheed Martin Corporation
• BAE Systems PLC
• Northrop Grumman Corporation
• Thales Group
• General Dynamics Corporation
• Elbit Systems Ltd.
• L-3 Communications Holdings Inc.
• Airbus Group N.V.
• Harris Corporation
• Rockwell Collins Inc.
• Scalable Network Technologies Inc.
• Lumen Technologies Inc.
• RAND Corporation
• Raytheon Technologies Corporation
• L3Harris Technologies Inc.
• Leonardo S.p.A.

Cutting-Edge Software-Defined Radio System Redefines Network-Centric Warfare

• Technological Advancements: Key trend in the market
• Innovative Technologies:
  • March 2023: Israel Aerospace Industries launched SDR-NCO
  • Software-defined radio system with network-centric operations capability
  • Provides communication across voice, video, and data
  • Enhances coordination among air, land, and sea forces
  • Compatible with modern military and commercial radios

BAE Systems Eyes Technological Edge with Raytheon GPS Business Purchase

• Acquisition Details:
  • January 2022: BAE Systems acquired Raytheon’s military GPS business
  • Deal worth $1.9 billion
• Strategic Goals:
  • Expand cutting-edge capabilities
  • Support protection of U.S. and allied war fighters
  • Raytheon Technologies Corporation offers network-centric warfare systems

Market Segmentation

• By Architecture: Hardware, Software
• By Mission Type: Tactical, Strategic
• By Platform: Land-Based, Naval Based, Air Based, Unmanned
• By Communication Network: Wired, Wireless
• By Application:
  • Intelligence, Surveillance, and Reconnaissance (ISR) Operations
  • Communications
  • Computers
  • Combat
  • Cyber
  • Command and Control
  • Electronic Warfare

Regional Insights

• Largest Region in 2023: North America
• Fastest-Growing Region: Asia-Pacific expected to lead during the forecast period

The network-centric warfare market is experiencing robust growth driven by technological advancements, increased military expenditure, and the integration of AI and machine learning. With a strong focus on enhancing cyber defense, resilient communication networks, and multi-domain integration, the market is poised for steady growth in the coming years.

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The Network Centric Warfare Global Market Report 2024  provides a comprehensive outlook of the network centric warfare market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The network centric warfare market forecast offers a thorough analysis on network centric warfare market size, network centric warfare market share, prominent players and their strategies.

The Table Of Content For The Network Centric Warfare Market Include:
1. Network Centric Warfare Market Executive Summary
2. Network Centric Warfare Market Segments
3. Network Centric Warfare Market Size And Network Centric Warfare Market Growth Rate
4. Key Network Centric Warfare Market Trends
5. Major Network Centric Warfare Market Drivers
……
25. Key Mergers And Acquisitions In The Network Centric Warfare Market
26. Top Network Centric Warfare Companies
27. Network Centric Warfare Market Opportunities And Strategies
28. Network Centric Warfare Market, Conclusions And Recommendations
29. Appendix

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