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How Has the Combat Management System Market Size Changed, over the years?

The market size of the combat management system has been exhibiting substantial growth in the past few years. The market, which stands at $16.73 billion in 2024, is expected to increase to $18.29 billion in 2025, recording a compound annual growth rate (CAGR) of 9.3%. The historical growth has been driven by factors such as the necessity for improved maritime surveillance and reconnaissance, the demand for integrated air defense systems, the expansion of naval capabilities in developing economies, and the requirement for enhanced command and control capabilities.

How Much Will the Combat Management System Market Be Worth in 2029?

In the coming years, the market size of the combat management system is anticipated to experience sturdy growth, reaching $25.77 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 9.0%. This predicted growth during the forecast period is largely due to factors such as escalated defense budgets, emergent maritime security threats, increased need for naval vessels, and emphasis on maritime domain awareness. Other significant trends anticipated for the forecast period encompass the inclusion of artificial intelligence, the use of cloud-based solutions, the application of mobile combat management system solutions, collaboration between humans and machines, and the incorporation of unmanned systems.

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Which is the Largest Company in the Combat Management System Market?

Major companies operating in the combat management system market are Raytheon Technologies Corporation, Lockheed Martin Corporation, IBM Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., BAE Systems PLC, Thales Group, L3Harris Technologies Inc., Hanwha Corporation, Rheinmetall AG, Elbit Systems Ltd., Rockwell Collins Inc., Israel Aerospace Industries Ltd., Naval Group, Saab AB, Indra Sistemas, Kongsberg Gruppen, Cobham plc, Bharat Electronics Limited (BEL), QinetiQ Group plc, Cubic Corporation, ATLAS ELEKTRONIK GmbH, Terma A/S

What Are the Main Market Drivers in the Combat Management System Industry?

The increase in maritime security threats is predicted to fuel the expansion of the combat management system market. These security risks, which include a variety of issues that risk the safety of marine activities, are growing as a result of geopolitical tensions, globalisation, terrorism, and poor governance, posing a world-wide threat to naval vessels, ports, and maritime infrastructure. Combat management systems can improve security at sea by offering real-time situational awareness, facilitating threat assessment, safeguarding forces, and providing mission flexibility in naval operations. For example, the ICC International Maritime Bureau’s annual piracy report (2022) from the International Chamber of Commerce (ICC), a global business organisation based in France that advocates for international trade, responsible business behaviour and a global approach to regulation, reported a total of 115 incidents of piracy and armed robberies against ships in 2022. A whopping 95% of these incidents involved successful boarding of the vessels by criminals, half of which happened in Southeast Asian waters, particularly in the Singapore Straits, where incidents have escalated to a seven-year high this year. Consequently, surging maritime security threats are propelling the growth of the combat management system market.

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How Is the Combat Management System Market Segments Structured?

The combat management system market covered in this report is segmented –

1) By Component: Software, Hardware

2) By Sub-System: Self Defense Management System, Situational Awareness System, Track Management System, Weapon Management System, Display System, Identification System, Unmanned Vehicle Control System

3) By Platform: Principle Surface Combat, Submarine, Amphibious Ships, Fast Attack Craft And Petrol Boats And Crafts, Other Platforms

Subsegments:

1) By Software: Command and Control Software, Decision Support Software, Communication Software, Simulation Software, Data Analytics And Visualization Software, Cybersecurity Software

2) By Hardware: Sensors (Radar, Sonar), Displays And Consoles, Communication Equipment, Control Panels, Processors And Servers, Power Supply Units

What Strategic Trends Are Transforming the Combat Management System Market?

Leading businesses in the combat management system market are broadening their technological progress through strategic collaborations to increase their market influence and serve a more extensive customer base. Strategic partnerships entail joint ventures between corporations or organizations to harness each other’s technological proficiency, resources, and abilities to devise and establish revolutionary technologies. Take for example, in March 2024, Naval Group, a defense industry firm based in France, formed a partnership with Marakeb Technologies, a UAE manufacturer of outdoor and marine navigation electronics. They teamed up to construct the national combat management system (NCMS) for the UAE Navy, aiming to amplify the defense and security industries of the UAE, promote sector growth, and provide national defense solutions that can adapt to future requirements. This partnership includes a significant technology and knowledge transfer from Naval Group to fortify UAE’s defense capacities and boost its stature in the maritime sector. The NCMS project seeks to endow the UAE Navy with sovereign benefits through providing control, customization, and system updates specifically designed for the Navy’s requirements, thereby fostering the enhancement of UAE defense-industrial capabilities.

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Which Global Regions Offer the Highest Growth in the Combat Management System Market?

North Americawas the largest region in the combat management system market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the combat management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the combat management system market, and how is it changing globally?

2. Who are the major companies in the combat management system market, and how are they performing?

3. What are the key opportunities and risks in the combat management system market right now?

4. Which products or customer segments are growing the most in the combat management system market?

5. What factors are helping or slowing down the growth of the combat management system market?

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