10 November 2020
Visiongain has published a new report on Network Centric Warfare Market Report 2021-2031: Forecasts by Platform (Air, Land, Naval), by Application (ISR, Communications, Command & Control, Combat, Electronic Warfare, Computers, Cyber), by Application (Tactical, Strategic), by Connectivity (Wired, Wireless), by Architecture (Software, Hardware) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.
Global Network Centric Warfare market was valued at US$ xx billion in 2021 and is projected to reach at a market value of US$ xx billion by 2031. The growth of this market can be attributed to technological advancements in defense operations across the globe, growing need for networking unmanned platforms and increased bandwidth capabilities. The defense industry is a technology driven with technology trends such as AI, Machine Learning, and big data analytics that are adopted by the defense agencies for their military operations. The defense industry worldwide is focusing towards modernization which includes replacing or upgrading the existing technology, platform or systems. With the growing technological advancements in defense operations, it is expected that network centric warfare market will grow significantly during the forecast period.
Unmanned systems used in the military operations refer to the unmanned ground vehicles (UGVs), unmanned aerial vehicles (UAVs) and unmanned surface vehicles (USVs). The UAV platform is witnessing a strong growth as there is a rise in the procurement of military based UAVs by defense organizations across the globe, as it enhanced military capabilities which make them ideal for military deployment. With the growing need for networking unmanned platforms, it is expected that the network centric warfare market will grow significantly during the forecast period.
With the focus of the aerospace & defense industry on increasing bandwidth capabilities, the military sector can tap this opportunity wherein, they can combined network connectivity with warfare capabilities to enhance their military operations and can create better coordination between the air and ground forces, thus, operating and campaigning across all domains such as space, air, land and naval. This increase in bandwidth capabilities may attribute to the growth of network centric warfare market.
COVID-19 Impact on Network Centric Warfare Market
The COVID-19 outbreak has created a huge impact across the globe. Due to this pandemic, there is a possibility that the military expenditure allotted by various government agencies such as the U.S. Department of Defense (DoD) and U.K. Ministry of Dense may decrease as they will be investing more on developing medical capabilities to tackle the on-going pandemic.
The players operating in the military sector are highly focused on modernizing their military capabilities and have been investing on numerous military modernization programs. Some of the companies profiled in the report include Lockheed Martin Corporation, The Raytheon Company, BAE Systems PLC, Cisco Systems Inc, Thales Group, Elbit Systems Ltd, General Dynamics Corporation, Northrop Grumann Corporation, Rockwell Collins, Inc., Harris Corporation, among others.
• In February 2019, the US Department of Defense (DOD) released its first AI strategy with the aims at increasing the usage of AI systems in the decision making processes and to predictive analytics.
• In March 2020, Lockheed Martin received a contract from U.S. Navy worth USD 112.7 million or Mobile User Objective System (MUOS) space segment sustainment. MUOS is a narrowband military satellite communications system comprising five geosynchronous satellites and four geographically dispersed relay ground stations that provides net-centric communications capabilities while supporting legacy terminals.
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