CHICAGO, July 9, 2024 /PRNewswire/ --
The command and control systems
market is projected to reach USD
44.7 billion by 2029, from USD 32.5
billion in 2024, at a CAGR of 6.6% during the forecast
period according to a new report by
MarketsandMarkets™. The market growth can be attributed to
rising need for situational awareness to support decision-making.
The command and control systems market includes major players
L3Harris Technologies, Inc. (US), Thales (France), RTX Corporation (US), General
Dynamics Corporation (US) and Lockheed Martin Corporation (US).
These players have spread their business across various countries
includes North America,
Europe, Asia Pacific, and Middle East.
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Browse in-depth TOC on "Command and Control Systems
Market"
301 – Tables
81 – Figures
341 – Pages
Command and Control Systems Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 32.5 billion
|
Estimated Value by
2029
|
$ 44.7 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 6.6%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Platform,
Application, Soutions, System, Installation & Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Data storage and
transmission limitations
|
Key Market
Opportunities
|
Demand for integrated
command and control systems in transportation, healthcare, and law
enforcement sectors
|
Key Market
Drivers
|
Need for enhanced
situational awareness to support decision-making in emergency
response
|
Based on platform, the land segment is estimated to lead the market
during the forecast period.
The land segment of the command and control market is expected
to lead due to the increasing focus on ground operations in modern
military strategies, necessitating sophisticated systems for
effective troop and logistics management. Additionally, the rise of
asymmetric threats further drives the need for advanced land-based
command and control solutions that offer precise coordination and
real-time decision-making. These factors, combined with rising
defense spending and geopolitical tensions, position the land
segment at the forefront of the command and control market.
Based on application, the civil & commercial segment is
forecasted to be the fastest growing segment during the forecast
period.
Based on application, the market is segmented into military,
government, and civil & commercial. The civil and commercial
segment of the command and control market is the fastest growing
due to the expanding need for sophisticated systems to manage
complex operations across various industries such as
transportation, energy, and public safety. Additionally, the
adoption of smart city initiatives, which require comprehensive
command and control solutions to monitor and coordinate urban
infrastructure, contributes significantly to its growth.
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The North America region is
estimated to lead the market in 2024.
North America is estimated to
account for the largest share of 44.4% of the command and control
systems industry in 2024. This is due to several compelling
factors. The region's substantial defense budget, particularly in
the US, drives significant investment in advanced command and
control technologies for military applications. Additionally,
North America is home to numerous
leading technology companies and defense contractors, such as
Northrop Grumman Corporation (US), Lockheed Martin Corporation
(US), General Dynamics Corporation (US), and L3Harris Technologies
(US), which are at the forefront of developing and deploying
advanced command and control systems.
Key Players
The major players in command and control systems
companies include L3Harris Technologies, Inc. (US), Thales
(France), RTX Corporation (US),
General Dynamics Corporation (US), Lockheed Martin Corporation
(US), BAE Systems (UK), Thales (France), Northrop Grumman (US), Elbit System
(Israel), and Honeywell
International Inc. (US).
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