Network Centric Warfare Market (Land, Air, Naval, Unmanned) to Hit 4.52% CAGR to 2021

The network centric warfare market is 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% during the forecast period while the unmanned platform segment is expected to grow at the fastest rate.

The unmanned platform is expected to be the fastest growing market among platform types during the forecast period. Rising demand for networking unmanned platforms for border surveillance and threat detection in the war field are the main drivers for the growth of the market. For instance, Elbit Systems supplied a European country an unmanned aircraft system (UAS)-based cutting-edge intelligence solution. The AMPS (Advanced Multi-Sensor Payload System) used in the UAS is a multi-sensor electro-optics system capable of long-range visual intelligence for both day and night.

Complete report on global network centric warfare market spread across 175 pages, profiling 12 companies and supported with 81 tables and 59 figures is now available .

The Factors like increased demand for transformation of battlefield in the information age, growing need for networking unmanned platforms, and huge investments for technological advancements of defense operations are playing a significant role in fueling the demand for NCW systems significantly around the world.

North America, which includes the U.S. and Canada, is expected to lead the network centric warfare market, by region. High defense expenditure by the U.S. is the major driver for a high market share. Huge investment by the U.S. government for the defense network architecture program is fueling the growth for the network centric warfare market. There are several manufacturers of network centric warfare in the U.S. that produce majority of airborne, naval, and land-based NCWs for the U.S. military. These manufacturers have dominated the network centric warfare market for years.

Key players operating in the network centric warfare market include Lockheed Martin Corporation (U.S.), The Raytheon Company (U.S.), Harris Corporation (U.S.), Northrop Grumann Corporation (U.S.), BAE Systems Plc. (U.K.), and Elbit Systems (Israel).

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In the process of determining and verifying, the global network centric warfare market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (35%), Directors Level (25%) and others (40%) from various key organizations operating in the global network centric warfare market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (20%), Asia-Pacific (30%) and ROW (5%).

On a related note, another research on Electronic Warfare Market Global Forecast to 2021 says, Growing wars and transnational disputes are major factors for the increasing procurement of electronic warfare (EW) systems globally. Electronic support segment is to lead the global electronic warfare market. The market size of the electronic warfare market is estimated to be valued at USD 20.55 billion in 2016 and is projected to grow at a CAGR of 4.29% during the forecast period, to reach USD 25.36 billion by 2021. Companies like BAE Systems Plc., The Raytheon Company, Thales Group, Lockheed Martin Corporation and Saab AB have been profiled in this report available at .

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