The mission management systems market is projected to grow from USD 13.97 Billion in 2016 to USD 27.50 Billion by 2022, at a CAGR of 11.95% from 2016 to 2022. Increasing need for enhanced situational awareness, growing need of emergency and search & rescue management is the major factor expected to drive the market in the coming years.
Based on application, the defense segment was the largest segment of the mission management systems market. The defense forces are investing heavily on new technologies to modernize their forces and determine the best technology that offers exceptional performance in the long run with lesser development cost.
Based on end user, the air segment of the mission management systems market is projected to grow at the highest CAGR during the forecast period. Air platform involves a wide range of products and solutions for aircraft platforms that include integrated mission systems, airborne radars and sensors, electronic warfare systems, on-board avionics, aerial target systems, and simulation systems.
North America led the mission management systems market in 2016. Countries in this region include the U.S. and Canada. Factor contributing to this dominance include heavy investments in defense institutional reforms. Frequent use of mission systems in overseas operations carried out by the U.S. Army in countries such as Afghanistan and Iraq highlights its increased demand in the North American defense market, which is projected to drive the mission management systems market during the forecast period.
North America is estimated to account for the largest share of the mission management system market in 2018. This can be attributed to the increasing investments on mission management systems in this region to maintain its superiority and overcome the risk of potential threats from countries such as China, India, Japan, and Israel, who are also increasing their military expenditure to gain competitive advantage over each other. Frequent use of mission systems in overseas operations carried out by the U.S. Army in countries such as Afghanistan and Iraq highlight its increased demand in the North American defense market, which is projected to drive the mission management systems market during the forecast period
Several major players are present in the mission management systems market. Some of these players are were Lockheed Martin Corporation (U.S.), SAAB AB (Sweden), Thales Group (France), and Northrop Grumman Corporation (U.S.), Honeywell, Inc. (U.S.), among others. Contracts has been the key growth strategy adopted by the major players in mission management systems market.
Qualitative Market Analysis |
Quantitative Market Analysis |
|
|
|
|
|
|
|
|
|
|
In the current battlespace, forces need to differentiate between friendly forces and enemies to make right and effective decisions, which require accurate data and information. The information includes force’s own location and knowledge about its enemy’s location in real-time. This awareness plays a vital role in achieving mission success.
Naval end users have a unique feature to operate simultaneously in the air, sea, and under the sea. These end users also have the ability to provide both, rapid strike and projected sustained force. In 2016, Quintiq developed ViewFinder, an advanced naval system which provides intelligent fusion of all sensor data, radars, Sonar, IFF, and Datalink. ViewFinder provides enhanced situational awareness by identifying and highlighting abnormal activity such as patroling. It also provides solutions for the combat systems such as offshore patrol vessels, corvettes, and frigates.
Air end user involves a wide range of products and solutions for aircraft that include integrated mission systems, airborne radars and sensors, electronic warfare systems, on-board avionics, aerial target systems and simulation systems. ATOS (airborne, tactical, observation, and surveillance systems) provides wide area and targeted surveillance, anti-submarine warfare, and environmental and border control. It is an advanced, flexible, open architecture mission management system integrating a number of sensors and sub-systems in a highly modular design.
Unmanned systems can carry cameras, sensors, communications equipment, or other payloads. Several top market players such as Curtiss-Wright, Northrop Grumman Corporation are developing MMS for UAVs that enable them to see and avoid obstacles, detect movement, navigate accurately, find the enemy, warn for buried improvised explosive devices, carry out military and civil surveillance activities amongst others.
Mission management systems play a significant role in improving connectivity of land based end users. There are certain land based objects that cannot be tracked, located or identified with accuracy. The land segment is categorized into main battle tanks (MBT), light protected vehicles (LPV), amphibious armored vehicles (AAV), infantry fighting vehicles (IFV), mine-resistant ambush protected (MRAP), armored personnel carriers, and others
To speak to our analyst for a discussion on the above findings, click Speak to Analyst