The global combat management system (CMS) market was valued at approximately USD 5.85 million in 2022 and is projected to grow significantly, reaching USD 26.56 million by 2030. The market is expected to expand from USD 6.39 million in 2023, with a compound annual growth rate (CAGR) of 22.6% from 2021 to 2028. This growth is largely driven by increasing investments in the military and defense sectors worldwide. According to the Stockholm International Peace Research Institute (SIPRI), global military spending reached USD 1,981 billion in 2020, reflecting a 2.6% increase from 2019 and a 9.3% increase since 2011.

Informational Source:

https://www.fortunebusinessinsights.com/industry-reports/combat-management-system-market-101820

Key Companies Covered in Combat Management System (CMS) Market are:

• Leonardo S.p.A (Italy)
• SAAB AB (Sweden)
• Northrop Grumman Corporation (U.S.)
• Lockheed Martin Corporation (U.S.)
• BAE Systems plc (U.K.)
• Raytheon Technologies Corporation (U.S.)
• Kongsberg Gruppen ASA (Norway)
• ASELSAN A.S. (Turkey)
• ATLAS ELEKTRONIK GmbH (Germany)
• Thales Group (France)
• Terma AS (Denmark)
• Elbit Systems Ltd. (Israel)
• Israel Aerospace Industries Ltd. (Israel)
• L&T Ltd. (India)
• Hanwha Systems Co. Ltd. (South Korea)