Network Centric Warfare Market Growth Outlook Through 2024-2033

Overview and Scope
Network-centric warfare refers to a military philosophy or doctrine of war that uses computer networking of scattered forces to convert an information advantage, which is in part made possible by information technology, into a competitive advantage.

Sizing and Forecast
The network centric warfare market size has grown strongly in recent years. It will grow from $58.6 billion in 2023 to $61.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to training and skill development, shift towards interconnected systems, military doctrine evolution, integration of sensor networks, cybersecurity and data protection..

The network centric warfare market size is expected to see steady growth in the next few years. It will grow to $74.04 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to ai and machine learning integration, enhanced cyber defense systems, cloud-based solutions, focus on resilient communication networks, evolution of command and control systems.. Major trends in the forecast period include training and skill development, rapid technological evolution, multi-domain integration, cyber resilience and security, enhanced information sharing..

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Segmentation & Regional Insights
The network centric warfare market covered in this report is segmented –

1) By Architecture: Hardware, Software
2) By Mission Type: Tactical, Strategic
3) By Platform: Land-Based, Naval Based, Air Based, Unmanned
4) By Communication Network: Wired, Wireless
5) By Application: Intelligence, Surveillance, and Reconnaissance (ISR) Operations, Communications, Computers, Combat, Cyber, Command And Control, Electronic Warfare

North America was the largest region in the network-centric warfare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global network-centric warfare market report during the forecast period. The regions covered in the network centric warfare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Increasing military expenditure is expected to propel the growth of the network-centric warfare market going forward. Military expenditure is the amount spent on weapons, weapons systems, operations, maintenance, personnel, and other specific military equipment. Government spending on the military would support the development of various aspects of the military market including network-centric warfare. For instance, in December 2022, according to the European Defense Agency, a Europe-based defense agency, spent a record amount of $53.4 USD billion (â‚¬52 billion) on the purchase of defense equipment, a rise of 16% compared to 2020. Further, total European defense spending reached a new high of $228.6 USD billion (214 billion euros), up 6% from 2020 and continuing a seven-year trend of expansion. Therefore, increasing military expenditure is driving the network-centric warfare market.

Key Industry Players

Major companies operating in the network centric warfare market report are Cisco Systems Inc., Lockheed Martin Corporation, BAE Systems PLC, Northrop Grumman Corporation, Thales Group, General Dynamics Corporation, Elbit Systems Ltd., L-3 Communications Holdings Inc., Airbus Group N.V., Harris Corporation, Rockwell Collins Inc., Scalable Network Technologies Inc., Lumen Technologies Inc., RAND Corporation, Raytheon Technologies Corporation, L3Harris Technologies Inc., Leonardo S.p.A., Svenska Aeroplan Aktiebolaget, Rheinmetall AG, The Boeing Company, Honeywell International Inc., Cubic Corporation, Kratos Defense & Security Solutions Inc., CACI International Inc., Leidos Holdings Inc., Booz Allen Hamilton Holding Corporation, Science Applications International Corporation (SAIC), ManTech International Corporation, Engility Holdings Inc., Viasat Inc., Mercury Systems Inc., Ultra Electronics Holdings PLC, QinetiQ Group PLC, Cobham plc

The network centric warfare market report table of contents includes:

1. Executive Summary
2. Network Centric Warfare Market Characteristics
3. Network Centric Warfare Market Trends And Strategies
4. Network Centric Warfare Market – Macro Economic Scenario
5. Global Network Centric Warfare Market Size and Growth
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31. Global Network Centric Warfare Market Competitive Benchmarking
32. Global Network Centric Warfare Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Network Centric Warfare Market
34. Network Centric Warfare Market Future Outlook and Potential Analysis
35. Appendix

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