Global Combat System Integration Market, Forecast to reach approximately $ 24.10Bn by 2022

Press Release   •   Jan 11, 2018 04:08 EST

Combat system architecture is defined and reference model is designed for the operating tasks performed by combat systems. Major events in a combat system's lifecycle often cited are requirements definition, system, design, design implementation or construction, system integration and test, system operations and in-service support and system retirement. Ongoing military modernization and replenishment programs along with rising need for networking unmanned systems is expected to open up a significant opportunity for combat system integration demand in coming years.

According to the report, the global combat system integration market accounted for USD 4.22 billion in 2016 and is expected to reach USD 24.10 billion by 2022, growing at a CAGR of around 33.7% between 2017 and 2022.

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Global combat system integration market is primarily driven by the development of advanced combat systems for improved situational awareness markets of Europe and North America. In addition, growing need for networking unmanned systems and ongoing military modernization and replenishment programs tends spur combat system integration demand significantly in coming years. Furthermore, the rise in defense spending in developing economies, increasing incidences of armed conflicts & terror attacks and growing need for enhancement of performance of combat platform favors the combat system integration market growth. On a contrary, declining defense budget of advanced economies is expected to have an adverse impact on combat system integration market growth. Nonetheless, R&D investment for technological advancements in defense operation may disclose new avenues for combat system integration market in the near future.

Based on the platform, global combat system integration market is bifurcated into large combat ships, medium combat ships, helicopters, small combat ships, submarines, fighter aircraft and armored vehicles/artillery. Submarine platform segment dominated the combat system integration market in 2016 owing to increasing use of military forces globally for diverse applications such as target acquisition, tracking, patrolling and surveillance. Naval, airborne and land-based are the application segment for combat system integration market. Naval application segment held the largest market share in 2016, the growth of this segment is mainly attributed to increase in the number of navy combat system modernization programs.

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Asia Pacific held the largest share of the global combat system integrations market and is set to continue to dominate the world marketplace within the coming years. The major factors driving the growth of the market are rapid advancements taking place in its warfare systems by emerging countries of Asia Pacific coupled with the need for improved integration of combat system. North America and European combat system integrations markets are mainly driven by increasing research & development activities undertaken for the development of advanced technology-based designs of combat systems. Presence of significant market player in both the region is predicted to shape the combat system integrations market massively.

Some of the key players in the combat system integration are ICI Services Corporation, Lockheed Martin Corporation, Leonardo-Finmeccanica, Raytheon Company, Thales Group, Elbit Systems Ltd, DCS Corporation, Qinetiq Group, Saab AB and BAE Systems amongst others.

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