According to a report published by Grand View Research, Inc.; the global command and control systems market is likely to reach a valuation of around USD 19.94 billion by 2025. Growing military and defense budget and rapid technological advancements are the expected to drive the market over the forecast period (2018 to 2025). Rise in regional conflicts and terror attacks are anticipated to further propel market growth. Growing multinational operations can create business opportunities in near future.
Rising awareness about advantages of command and control systems such as information exchange, operational control, and situation assessment are expected to boost demand in the forthcoming years. Rise in terror incidences adoption in multinational military operations are expected to bode well for the global market.
In addition, rapid advancements in defense technology is expected to impel demand in the years to come. These systems offer real-time battlefield information sharing and provides situational awareness that help to improve efficiency of military operations. All these factors are anticipated to impel the market over the forecast period.
The worldwide command and control systems market can be segmented on the basis of platform and region. Based on platform, the market can be categorized into land, naval, and airborne. In 2016, land acquired the largest market share and is likely to continue this trend during the forecast period. The airborne segment is expected to expand swiftly at CAGR of 4.6% during the projected period. This growth can be attributed to rising expenditure in development of air force across the world.
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Command and control systems are used in land, naval, and airborne defense operations. They are designed to meet requirements of defense forces in battlefield operations. They enable effective mission planning, critical decision making, successful execution of a plan, and situational awareness. Various advantages of command and control systems such as situational awareness, effective planning, decision-making in mission-critical situations, and enhanced efficiency in battlefield operations are anticipated to drive demand over the forecast period.
Geographically, the market can be divided into North America, Europe, Asia Pacific, and Middle East and Africa (MEA). In 2016, North America captured the largest market share due to robust technological advancements, existence of major companies, and access to advanced technologies. U.S is the major contributor in this region and is expected to showcase significant growth over the forecast period. Joint multinational military operations by U.S. in Middle East is attributed to the significant growth of regional market.
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Asia Pacific is likely to exhibit fastest growth during the forecast period owing to increasing military expenditure. In addition, growing terror attacks and geopolitical conflicts are expected to fuel demand in the forthcoming years. The region is also expected to provide impressive growth opportunities for global players in the years to come. Rise in terror organizations in Middle East is also expected to support the regional market growth.
Prominent players operating in the command and control systems market include CACI International Inc.; Northrop Grumman Corporation; BAE Systems; Elbit Systems Ltd.; and Rockwell Collins. Rapid economic growth in developing countries along with threats of terrorism are expected to create growth opportunities in the market. Entry of new players is anticipated to augment market competition and decrease the prices of these systems. It is also anticipated to encourage development of technologically advanced systems during the estimated period.
Major companies are concentrating on R&D activities to develop systems to meet the rising demand from defense sector. For instance, Thuraya Telecommunications Company recently introduced a command and control platform called Crypttia. This platform is developed by EYEONIX SA. Smartphone users can use unified Thuraya and cellular networks for crisis management, mission-critical, and defense and civil protection operations. This IP-based and end-to-end, global platform is a combination of terrestrial as well as satellite voice technologies with push to talk facility.
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