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TOKYO, Dec. 19, 2022 (GLOBE NEWSWIRE) — The Global Command and Control Systems Market Size accounted for USD 21.7 Billion in 2021 and is estimated to achieve a market size of USD 31.6 Billion by 2030 growing at a CAGR of 4.4% from 2022 to 2030.
Command and Control Systems Market Statistics
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Command and Control Systems Market Coverage:
|Market||Command and Control Systems Market|
|Command and Control Systems Market Size 2021||USD 21.7 Billion|
|Command and Control Systems Market Forecast 2030||USD 31.6 Billion|
|Command and Control Systems Market CAGR During 2022 – 2030||4.4%|
|Command and Control Systems Market Analysis Period||2018 – 2030|
|Command and Control Systems Market Base Year||2021|
|Command and Control Systems Market Forecast Data||2022 – 2030|
|Segments Covered||By Solution, By Application, By Platform, And By Geography|
|Command and Control Systems Market Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||General Dynamics, Lockheed Martin Corporation, Rockwell Collins, Thales Group, BAE Systems, Rolta India Limited, Leonardo SPA, The Boeing Company, Elbit Systems Ltd., Siemens AG, Saab AB, Northrop Grumman Corporation, and CACI International Inc.|
|Report Coverage||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Command and Control Systems Market Overview
The demand for integrated command and control systems in the transport, healthcare, and law enforcement sectors is anticipated to create business possibilities for those operating in the command and control systems market. Furthermore, the implementation of smart buildings and intelligent buildings will create significant revenue potential for the worldwide command and control systems market growth.
Command and Control Systems Market Trends
Increasing terrorist activity around the world necessitates the modernization of the present military system in order to curb terror attacks. As a result, worldwide military infrastructure modernization is expected to benefit the global command and control systems market throughout the forecast period. Furthermore, the necessity for improved emergency situations to execute mission fundamental activities is likely to fuel market expansion at a high rate throughout the projection years.
Furthermore, the growing need for interoperability among security devices/innovation is driving a huge market for control and command systems, propelling the global command and control market. On the other hand, the increasing cost of improving and maintaining control and command systems is one factor impeding market progress. Furthermore, security & dependability issues, such as digital attacks, are expected to slow the adoption of control and command systems, and these reasons are expected to limit the CAGR of the global command and control market overall.
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Command and Control Systems Market Segmentation
The global command and control systems market has been segmented by Acumen Research and Consulting based on solution, application, and platform. By solution, the segment is separated into services, hardware, and software. The software category is estimated to have the biggest revenue share in the worldwide market over the coming years. Some significant types of software systems employed in the industry include Physical Security Information Management (PSIM), facility security and safety control, armed services situational awareness, and signaling and traffic management.
In terms of application, the market is categorized into defense, and commercial. The commercial segment is likely to experience the highest CAGR growth within the projected period of time. The adoption of control and command systems in commercial applications is predicted to expand at the fastest CAGR throughout the forecast period. These systems are employed to monitor the protection of fundamental infrastructures, such as research facilities, investment firms, offshore gas and oil facilities, and power stations. Transportation is also another emerging area in which control and command systems are used to control traffic, such as air traffic control, ship transport planning, and railroad signaling structure. Commercial & automotive operations are examples of industrial enterprises.
Moreover, the market is split into airborne, land, maritime, and space, based on the platform. According to the command and control systems market forecast, the airborne category is predicted to develop significantly in the next years.
Command and Control Systems Market Regional Overview
Based on the region, the worldwide command and control systems market segmentation is into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. According to a command and control systems industry analysis, the Asia-Pacific market is expected to grow at the fastest CAGR in the global market throughout the forecast time frame. The expansion of military expenditure in some countries, such as India, South Korea, and China, is driving the growth of the Asia-Pacific market. Due to geopolitical tensions in the Southeast China Sea and outskirt difficulties in several countries, the region’s procurement of control and command systems is expected to rise. The region’s important emerging economies in the command and control systems market include China, Japan, South Korea, and Indonesia.
The North American market is predicted to have the biggest revenue share in the near future due to the existence of a large number of command and command system providers and fast technical assistance. Nevertheless, the Asia-Pacific market is expected to expand at the fastest rate in the area in the future years. Increasing terrorist attacks as well as geopolitical tensions within the country are the primary factor driving the expansion of the regional command and control systems market.
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Command and Control Systems Market Players
Some of the prominent command and control systems market companies are General Dynamics, Rockwell Collins, BAE Systems, Leonardo SPA, Elbit Systems Ltd., Saab AB, Northrop Grumman Corporation, Lockheed Martin Corporation, Thales Group, Rolta India Limited, The Boeing Company, Siemens AG, and CACI International Inc.
Questions Answered By This Report
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