Market Share of Network Centric Warfare Industry
The network-centric market is consolidated in nature with few players holding significant shares in the market. Some of the prominent players in the market are Northrop Grumman, Thales Group, BAE Systems, Raytheon Technologies Corporation, and Lockheed Martin Corporation.
The introduction of next-generation technologies and the development of AI-enabled defense equipment drive market growth. For instance, in December 2021, Lumen Technologies signed a contract worth USD 23 million with the United States Army Reserve Command networking solutions. Under the contract, the company would provide virtual private network services and remote access solutions to more than 650 United States Army Reserve locations. Thus, the rising use of advanced technologies and growing partnerships of OEMs to develop next-generation network-centric solutions for defense forces will boost market growth during the forecast period.
Network Centric Warfare Market Leaders
-
Northrop Grumman
-
Raytheon Technologies Corporation
-
Lockheed Martin Corporation
-
BAE Systems
-
Thales Group
*Disclaimer: Major Players sorted in no particular order
