Zion Market Research, the market research group announced the analysis report titled "Network Centric Warfare Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 08/24/2017 -- The network centric warfare market, also known as network-centric operations or net-centric warfare, is a concept developed to describe the way to organize a fight in the information age. It is an information superiority-enabled operation concept which helps decision-makers and shooters to achieve higher tempo of operations, shared awareness, greater lethality, increased the speed of command, a degree of self-synchronization and increased survivability and generates increased combat power by networking sensors. By connecting experienced individuals in the battle space, superior combat power can be achieved using the network centric market concept. Network centric warfare market is mainly used in military and defense sector. The market in network centric warfare segment is growing at a promising pace.
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The global network centric warfare market is segmented into its platform, mission type, application, architecture, communication network and geography. On the basis of the platform, the global market is divided into the land-based, naval-based, air-based and unmanned platform. Based on mission type, the network centric warfare market is classified into strategic and tactical. On the basis of application, the market is segregated into intelligence, surveillance, and reconnaissance (ISR), communications, computers, combat, cyber, command and control and electronic warfare. Based on architecture, the global market is segregated into software and hardware. On the basis of a communication network, the division is seen as wired and wireless. Diversification of the global market on the basis of the region is seen into Asia Pacific, North America, Europe and Rest of the World.
The global network centric warfare market is growing rapidly. Factors contributing towards this growth are huge investments made by companies for the advancement in defense equipment and communication system technologies, growing the need for accurate and timely information on the battlefield and increasing rate of wars and transnational disputes. The segment expected to lead the market in future is ISR. The major demand for network centric market is seen in the defense sector, which is aiding in the growth of the market.
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The largest share in the network centric warfare market is seen in the North American region. Countries such as Canada and the U.S. are expected to lead the market in the North American region. The U.S. leads the global market owing to high defense expenditure and investments made by the government to aid the same. Growth in North America is followed by regions such as Asia Pacific, Europe and Rest of the World. Growth in Asia Pacific is seen to be the fastest. A large demand for network centric warfare is seen for defense purposes in countries such as China, India, and Japan. In Europe, countries such as Russia, France, the U.K. and Germany are contributing ample share in the network centric warfare market.
Some of the major companies in the global network centric warfare market are The Raytheon Company, Harris Corporation, Elbit Systems, Lockheed Martin Corporation, BAE Systems Plc. and Northrop Grumman Corporation.
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