Network Centric Warfare Market Size, Share & Growth Report 2032

Network Centric Warfare Industry Perspective

The global network centric warfare market size was worth around USD 54.50 billion in 2023 and is predicted to grow to around USD 81.39 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.68% between 2024 and 2032.

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The report analyzes and forecasts the network centric warfare market on a global and regional level. The study offers past data from 2018 to 2022 along with a forecast from 2024 to 2032. Based on revenue (USD Billion). The assessment of network centric warfare market dynamics gives a brief thought about the drivers and restraints for the network centric warfare market along with the impact they have on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the network centric warfare market on a global level.

The report gives a transparent view of the network centric warfare market. We have included a detailed competitive scenario and portfolio of leading vendors operative in the network centric warfare market. To understand the competitive landscape in the network centric warfare market, an analysis of Porter’s Five Forces model for the network centric warfare market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Network Centric Warfare Market: Growth Factors

The increasing use of network-centric warfare systems for communication operations is on the rise. These systems help in improving information sharing and enhance situational awareness. Over the last decade, investments in defense communication systems have increased. In 2023, the U.S. Department of Defense requested funds worth USD 236.7 billion for weapon systems acquisitions, out of which about 4% (USD 10 billion) was for command, control, and communication systems. Thus, the global network centric warfare market is anticipated to grow in the upcoming years.

The increasing adoption of technology in land-based applications is preliminarily driving the network centric warfare market. Numerous market players have opted for various strategies for providing technology to the military. In 2023, L3 Technologies and Harris Corporation merged to start a defense technology firm, which aims at developing mission-centric solutions for the defense sector. Additionally, the rising number of cyberattacks has led to the development of complex network-centric warfare systems. However, the increasing technology usage in the defense sector of numerous countries in the Asia Pacific region is anticipated to offer new growth opportunities for the market.

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Network Centric Warfare Market: Segmentation

The global network centric warfare market is fragmented into component, communication, mission, platform, and application. All the segments of the network centric warfare market have been analyzed-Based on present and future trends and the market is estimated from 2024 to 2032.

Based on platform, the global network centric warfare market includes air-based, land-based, and naval-based. The land-based segment is expected to hold a notable share of the market over the estimated time span.

On the basis of component, the market includes hardware, software, and services.

Based on application, the network centric warfare market is segmented into combat, ISR (Intelligence, Surveillance, and Reconnaissance), command and control, communications, electronic warfare, cyber, and others.

The command and control segment is projected to hold a substantial market share over the forecast timeframe.

The communication segment is divided into wired and wireless. The wireless segment is expected to grow substantially over the estimated time period, owing to the rising investments made in wireless technology. The mission segment includes strategic and tactical.

Network Centric Warfare Market: Report Scope

Network Centric Warfare Market: Regional Analysis

The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe. The Middle East and Africa are poised for significant growth in network centric warfare due to the rising adoption of this technology by regional defense sectors. Countries like Israel and the UAE are expected to be particularly attractive markets for companies in this space.

The Asia Pacific region remains a major player, holding a significant global market share. This is driven by increasing defense spending on advanced technologies in countries like India, China, and Japan.

Network Centric Warfare Market: Competitive Analysis

The global network centric warfare market is dominated by players like:

• Lockheed Martin
• Cisco Systems
• Rockwell Collins
• The Raytheon Company
• Bae Systems
• Harris Corporation
• Northrop Grumann
• Thales Group
• L-3 Communications Holdings
• Elbit Systems

This report segments the global network centric warfare market as follows:

By Communication Segment Analysis

• Wired
• Wireless

By Component Segment Analysis

• Hardware
• Software
• Services

By Mission Segment Analysis

• Strategic
• Tactical

By Platform Segment Analysis

• Air-Based
• Land-Based
• Naval-Based

By Application Segment Analysis

• Combat
• ISR (Intelligence, Surveillance, and Reconnaissance)
• Command and Control
• Communications
• Electronic Warfare
• Cyber
• Others

By Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa