Combat Management System Market Share, Growth, Trend, Analysis, CAGR, Size, SharPosted by Nita on April 4th, 2022 Combat Management System Market Research Report: Information By Platform (Destroyers, Submarines, Frigates, Amphibious Ships, Corvettes, Fast Attack Craft (FAC) and Aircraft Carriers), Sub-System (Self-Defense Management System, Situational Awareness System, Track Management System, Weapon Management System, Display System, Identification System and Unmanned Vehicle Control System), Component (Hardware and Software) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027 Market Forecast Global Combat Management System Market is projected to register a CAGR of 3.52% during the forecast period, 2020 to 2026. The rapidly rising defense budget and military spending in emerging economies have significantly contributed to the expansion of the global combat management system market Share High competition due to the presence of several players in the market has led combat management system providers to focus on innovation. Furthermore, the increasing procurement of advanced combat management systems by countries such as Indonesia is also expected to drive the growth of the market. For example, in May 2019, the Indonesian Navy signed a contract with Terma AS. Terma was officially awarded the contract for the delivery of a complete C-Series Combat Suite for four KCR-60 vessels of the Indonesian Navy (TNI-AL). Additionally, the rising territorial conflicts in regions such as Asia-Pacific and growing terrorism across the globe are also encouraging several governments across the world to invest in advanced combat management systems. However, issues related to cybersecurity and the high cost of manufacturing might hamper the growth of the global market.
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