PUBLISHER: Polaris Market Research | PRODUCT CODE: 1219544
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1219544
The global command and control systems market size is expected to reach USD 64.25 billion by 2032, according to a new study by Polaris Market Research. The report "Command and Control Systems Market Share, Size, Trends, Industry Analysis Report, By Platform (Land, Maritime, Space, and Airborne); By Solution; By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The advent of several next-generation technologies & systems and a significant rise in the overall military budget of countries, especially in developing regions, are major prominent factors driving market growth and demand. These systems have to find their extensive application in terror control activities and various multinational military operations, as these technologies provide real-time battlefield information and provide situational awareness, which helps agencies to enhance their operational efficiencies of military activities.
For instance, in December 2022, Congress announced its plan to increase the defense & military budget by 8% over the fiscal levels of 2022. The new USD 858 Bn plan includes around USD 817 Bn in the Defense Department spending & additional funding to help the Pentagon cope with the inflation. Bill also authorizes USD 32.8 billion to boost the U.S. naval fleet, including the 11 different battleships.
In the last few years, C2 systems have become a very crucial part of C4ISR systems, as during wartime, defense departments could not have any type of obsolete technologies mainly in C4ISR systems because these kinds of systems are mainly used for strategic planning, communication, and decision-making. Moreover, increasing efforts by key market companies to establish their strong presence in developing nations like China and India to expand their market range and position ahead of their competitors are creating lucrative market growth opportunities for the near future.
For instance, in September 2022, Honeywell announced the inauguration of its global solutions command & control center in Gurugram, which offers 24/7 remote monitoring & technical support. It is the first and only of its kind in the industry, servicing over 200 refinery units for 50+ customers.
Polaris Market Research has segmented the command and control systems market report based on platform, solution, application, and region: