MarketThe Global Combat System Integration Market was valued at USD 22.3 Billion in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.5% between 2021 to 2028 according to analysts at Vantage Market Research. Combat System Integration is a program that pivots on the application of system architecture and engineering for construction and design present time combat systems. It works with the manifesto along with other forces in central network.
The combat system integration is driven by the factors such as technological advancement in the modern combat system integration and constant upgradation of new system in defense sector, interconnected warfare systems, focus on defense budgets by various countries. While high complexity for using, high operational cost and high defense budget unavailability by emerging economies are few of the restraining factors for combat system integration market.
Since the outbreak of the COVID-19 from 2019, it widely spread all over the world and has impacted many countries economy and caused huge loses in businesses. The combat system integration market is experiencing a negative growth as due to the lockdowns which impacted on the supply chain operations and manufacturing processes and low demands.
The combat system integration market is segmented on the basis of product and end-user. The product segment is further bifurcated into large ships, medium ships, small ships, submarines, fighter aircraft, combat helicopters, armored vehicles/artillery, medium combat ships, small combat 10;The large ship segment is holding the largest share and shows potential growth in future forecast. The end-user segment is divided as land based, naval, and airborne. Based on these the naval is the at having the largest share.
The major players for the combat system integration market are ICI Services Corporation, Leonardo-Finmeccanica, Raytheon Company, Lockheed Martin Corporation, Thales Group, Elbit Systems Ltd, DCS Corporation, Qinetiq Group, Saab AB, and BAE Systems. The key players from these are Lockheed Martin Corporation (U.S.), Lockheed Martin Corporation (U.S.), BAE Systems PLC. (U.K.), Raytheon Company (U.S.)
Regionally, the market is segmented as Asia-Pacific, Europe, North America, the Middle East and Africa and Latin America. North America attained the highest share and Asia-Pacific is growing at as due to emerging economies of countries such as China, India are causing the phenomenal growth of the 160;