The network centric warfaremarket 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% during the forecast period. The report includes segmentation, analysis, and forecast of the network centric warfare market on the basis of platform, application, mission type, communication network, and architecture.
Network Centric Warfare Market worth 57.68 Billion USD by 2021
1. Network Centric Warfare Market worth 57.68
Billion USD by 2021
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.
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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
2. increased proliferation of unmanned technologies and use of unmanned
platforms for defense operations.
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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.
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.