Global Network Centric Warfare Market to Cross USD 57.6 Bn by 2021, Projects MarketsandMarkets in New Report Available at MarketPublishers.com22 Jul 2016 • by Natalie Aster
LONDON – This year, the value of the world’s network centric warfare (NCW) market stands at over USD 46.2 billion; it is predicted to grow in the years to come, registering a healthy CAGR of more than 4.5% from 2016 till 2021. By the year 2021, the global network centric warfare market value will likely exceed USD 57.6 billion.
The global demand for NCW is fuelled by substantial investments in technological advancements in defense industry, increasing necessity to transform battlefield in the information age and also by rising need for network unmanned platforms.
The unmanned platform sector is likely to register the most robust growth through 2021. Growth in this sector is expected to be propelled by increasing demand for networking unmanned platforms for threat detection and border surveillance.
North America is currently an unrivalled leader in the world’s NCW market. This region is anticipated to continue holding the leading position through 2021.
New topical study “Network Centric Warfare Market” prepared by MarketsandMarkets gives reliable info on the performance of the network centric warfare (NCW) market at various geographical scales. It reviews the current situation and also offers a historical insight. A detailed market segmentation analysis, an insightful overview of the key factors driving and restraining the market growth as well as a thorough competitive landscape analysis are provided in this new report. Additionally, the report discusses possible ways of the world’s network centric warfare (NCW) market development through 2021.
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