[175 Pages Report] Network Centric Warfare Market Research Report Categorizes Global Market by (Platform Land, Air, Naval, Unmanned), Application (ISR, Communication, Computer, Cyber, Combat, Control & Command), Mission Type, Communication Network, Architecture, and Region.
Pune, India -- (SBWIRE) -- 07/27/2016 -- The network centric warfare (NCW) market is estimated to be USD 46.23 Billion in 2016 and is projected to reach USD 57.68 Billion by 2021, at a CAGR of 4.52% between 2016 and 2021. With increased demand for transformation of battlefield in the information age, growing need for networking unmanned platforms and huge investments for technological advancements in defense operations are driving the NCW market across the globe.
Browse 81 market data Tables and 59 Figures spread through 175 Pages and in-depth TOC on "Network Centric Warfare Market - Global Forecast to 2021"
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ISR (intelligence, surveillance and reconnaissance) segment is expected to lead the network centric warfare application market, among all the network centric warfare applications
ISR is estimated to dominate the network centric warfare market in 2016. Procurement of radar in high quantities by defense and military of different countries, and partnership programs for defense satellite communications among European countries are the major factors that are expected to contribute to the growth of the ISR market.
Land segment to capture the largest market share in the network centric warfare platform market
The network centric warfare market has been analyzed and segmented on the basis of four platforms, namely, land, naval, air, and unmanned. The land segment is estimated to dominate the overall market in 2016. However, the unmanned segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased proliferation of unmanned technologies and use of unmanned platforms for defense operations.
Asia-Pacific is projected to grow at the highest CAGR in the network centric warfare market between 2016 and 2021
The North America region is estimated to dominate the network centric warfare market in 2016. The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. Procurement of defense electronics and communication systems by defense forces of Asia-Pacific countries for military equipment upgradation is expected to fuel the growth of this market.
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Top players in the network centric warfare market
BAE Systems Plc. (U.K.), The Raytheon Company (U.S.), Lockheed Martin Corporation (U.S.), and Northrop Grumman Corporation (U.S.) are estimated to dominate the network centric warfare market in 2016.
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