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Mission Management Systems Market by Application, End-User and Region - Global Forecast to 2022

Mission Management Systems Market: Global Forecast until 2022

  • February 2017
  • 142 pages
  • ID: 4710242
In this report:
Northrop Grumman Corporation received a contract from the U.S. Marine Corps worth USD ## million for AN/TPS-## Ground/Air Task-Oriented Radar (G/ATOR) systems which helps detect threats tracking ranges for mission capabilities, which includes air surveillance, counter-fire target acquisition, and air traffic control.

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"Mission Management Systems market forecasted to grow at a compound annual growth rate (CAGR) of 11.95% during the forecast horizon"

The mission management systems market is forecasted to grow from ~$14.0B in 2016 to ~$27.5B by 2022, at a compound annual growth rate of ~11.9 percent from 2016 to 2022. Growing need for emergency/search & rescue management, situational awareness is predicted to push the market in the next years.

"Established on application, the defense segment was the biggest segment of the market in 2016"

Established on application, the defense segment was the most important segment of the mission management systems market. The rise is assigned to the modernization of military operations as well as the transformation of systems used in the warfare. In the current scenario, the defense sector is undergoing main transformations, and numerous technological advancements have been undertaken by the key market players in order to cater to the needs of the defense forces.

The increase in terrorism and cross-border disputes are some of the main factors fueling the market demand for UAV mission management systems in the defense market.

"Established on final user, the naval segment was the biggest segment of the market in 2016"

Established on end-user, the naval segment was the most important segment of the mission management systems market in 2016. The growing demand for maritime & coastal surveillance systems to offer total scalable surveillance solutions for vessels, ports, waterways, high threat-prone assets, and offshore facilities is the main driver for the mission management systems market in naval segment.

"North America continent was the biggest market for mission management systems in 2016"

North America (NA) led the mission management systems in 2016. The big share is assigned to increased investments in defense equipment and the implementation of mission systems across the territory. The main countries considered under this zone are the United States and Canada (CA). The U.S.A leads the mission management systems market in North America continent. The mission management systems market in North America (NA) is highly fragmented. Manufacturers have started focusing to tap the emerging nations for opportunities due to intense competition. Growing demand for unmanned systems is fueling the industry demand for mission management systems in this area.

Distribution of profile of primary members taking part for this industry report:

- By Company Type: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, Tier 3 - 20.0 percent

- By Description: C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

- By area: North america (NA) - 45.0 percent, Europe - 20.0 percent, Asia-Pacific - 30.0 percent, RoW - 5.0 percent

Top players operating in the mission management systems market are Lockheed Martin (LMT), SAAB AB, Thales (HO), and Northrop Grumman (NYSE:NOC), Honeywell International, Incorporated, Curtiss-Wright Corporation, QinetiQ Group plc.

Segment Research

The study segments the mission management systems market based on application (defense and commercial), and end users (air, land, naval and unmanned systems) and map these segments and sub-segments across main regions global, that is, North America continent, EU, Asia-Pac, and RoW. The analysis offers detailed market intelligence regarding market dynamics and top factors that influence the increase of the mission management systems market (drivers, business restraints, alternatives, and market-specific challenges), together with analyzing micromarkets with respect to individual developments trends, future perspectives, and their contribution to the mission management systems market.

Why acquiring this study can help you:

From an insight prospect, the mission management systems market report highlights on several levels of analysis - industry study, market share research of top players, and company descriptions, which together comprise and examine basic views on opposing landscape, high-growth areas, and territories, and their specific regulatory policies, drivers, industry restraints, and possibilities.

The mission management systems market report offers business insights on these pointers:

- Business entry: Exhaustive information concerning the competitive landscape in the Mission Management Systems market

- Market Sizing: Market value in financial year 2014-2015 and projection of the market size between 2016 and 2022

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the mission management systems market

- Market Overview: Market forces and subsequent study of associated trends, drivers, market restraints, and alternatives prevailing in the mission management systems market

- Industry development: Highlighted information about lucrative industries by analyzing sectors for mission management systems across several areas

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the mission management systems market

- Regional Review: Factors influencing the market shares of North America, Europe (EU), Asia Pacific (APAC), and Rest of the globe

- Opposing assessment: Detailed assessment of strategies, products, and manufacturing capabilities of leading market actors

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