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Combat Management System Market Surges to USD 29 Billion by 2030, Propelled by 11% CAGR – Verified Market Reports®

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LEWES, Del., Oct. 16, 2024 /PRNewswire/ — The Combat Management System (CMS) market is primarily driven by increasing defense budgets globally, particularly in countries aiming to modernize their military capabilities. As geopolitical tensions rise, there’s a growing demand for advanced, integrated systems that enhance situational awareness and improve decision-making for naval and air forces. Additionally, technological advancements such as AI and IoT integration within CMS are further bolstering market growth, offering enhanced capabilities in threat detection and response. However, the market faces restraints such as high initial costs and complex implementation processes, which can deter budget-constrained nations. Additionally, stringent government regulations and lengthy approval cycles for defense equipment can delay adoption, while cybersecurity concerns pose risks to the reliability and resilience of these systems.

The Global Combat Management System Market is projected to grow at a CAGR of 11% from 2024 to 2030, according to a new report published by Verified Market Reports®. The report reveals that the market was valued at USD 17 Billion in 2023 and is expected to reach USD 29 Billion by the end of the forecast period.

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Browse in-depth TOC on Combat Management System Market

202 – Pages
126 – Tables
37 – Figures

Scope of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2021-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Lockheed Martin Corporation, Thales Group, BAE Systems Plc., Saab AB, Kongsberg Gruppen Asa, Israel Aerospace Industries Ltd., Leonardo S.P.A., Raytheon Company, Northrop Grumman Corporation, Elbit Systems Ltd

SEGMENTS COVERED

By Type, By Application, By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

Global Combat Management System Market Overview

Rising Defense Budgets and Military Modernization

Many nations are significantly increasing their defense budgets to enhance their military capabilities, especially amid escalating geopolitical tensions. This surge in spending supports the acquisition and development of Combat Management Systems, which are essential for real-time situational awareness and effective command and control. Military forces are prioritizing modernization efforts, and CMS solutions are integral to upgrading older systems and improving combat efficiency across naval and aerial platforms.

Technological Advancements Driving CMS Innovation

The rapid advancement of technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) is propelling innovation in Combat Management Systems. These technologies enable CMS to process and analyze vast amounts of data, providing enhanced threat detection, target tracking, and decision-making capabilities. Furthermore, AI-driven predictive analytics and automation are reducing human error, allowing military forces to respond swiftly and accurately in complex operational environments.

Increased Focus on Maritime Security and Border Protection

As maritime security threats, such as piracy, smuggling, and territorial disputes, continue to rise, countries are investing in advanced CMS solutions to secure their borders. Combat Management Systems play a critical role in enhancing naval forces’ operational effectiveness by integrating surveillance, navigation, and weapons control. With growing concerns about territorial waters and exclusive economic zones, the demand for CMS to support robust maritime surveillance and rapid response capabilities is steadily increasing.

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High Implementation Costs

One of the primary restraints limiting the expansion of the Combat Management System market is the high initial investment required for implementation. Developing, integrating, and maintaining advanced CMS solutions often involves substantial financial outlays, which can be prohibitive for countries with limited defense budgets. This cost barrier can deter many nations from upgrading their systems or investing in new technologies, slowing overall market growth.

Complexity of Integration and Implementation

The integration of Combat Management Systems with existing military infrastructures can be complex and time-consuming. Many military organizations operate with legacy systems that may not easily interface with modern CMS solutions, requiring significant customization and adaptation. This complexity can lead to extended timelines for deployment and increased costs, causing potential buyers to hesitate or delay their investment in new systems.

Stringent Regulatory and Approval Processes

Combat Management Systems are subject to rigorous regulatory frameworks and approval processes, which can slow down their adoption. These regulations are essential for ensuring that defense technologies meet national security standards, but they can create lengthy bureaucratic hurdles. Additionally, the need for extensive testing and validation before deployment can further impede market expansion, as defense organizations may face delays in obtaining the necessary clearances and certifications.

Geographic Dominance

The Combat Management System (CMS) market is predominantly led by North America and Europe, which together account for a significant share due to their advanced defense technologies and substantial investments in military modernization. North America, particularly the United States, benefits from its robust defense budget and the presence of key industry players, driving innovation and development in CMS solutions. Europe also plays a crucial role, with many countries enhancing their defense capabilities in response to evolving geopolitical threats. Meanwhile, regions like Africa and Asia are emerging markets for combat management systems, fueled by increasing defense expenditures and the modernization of military forces. These regions are gradually adopting advanced CMS technologies to improve their operational efficiency and combat readiness, suggesting a shift in market dynamics as global defense needs evolve.

Combat Management System Market Key Players Shaping the Future

Major players, including Lockheed Martin Corporation, Thales Group, BAE Systems Plc., Saab AB, Kongsberg Gruppen Asa, Israel Aerospace Industries Ltd., Leonardo S.P.A., Raytheon Company, Northrop Grumman Corporation, Elbit Systems Ltd and more, play a pivotal role in shaping the future of the Combat Management System Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

Combat Management System Market Segment Analysis

Based on the research, Verified Market Reports® has segmented the global Combat Management System Market into Type, Application and Geography.

Combat Management System Market, By TypeSelf-defense Management SystemSituational Awareness SystemTrack Management SystemWeapon Management SystemDisplay SystemIdentification SystemUnmanned Vehicle Control SystemCombat Management System Market, By ApplicationDestroyersSubmarinesFrigatesAmphibious ShipsCorvettesFast Attack Craft (FAC)Aircraft CarriersCombat Management System Market, By GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

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About Us

Verified Market Reports® ­stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, Verified Market Reports has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, Verified Market Reports leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

Verified Market Reports’ domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Reports® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights Verified Market Reports’ dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

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Ampace will Showcase Innovative Energy Storage Solutions at All-Energy Australia 2024, Exploring Pathways for Energy Transition

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MELBOURNE, Australia, Oct. 17, 2024 /PRNewswire/ — The All-Energy Australia Exhibition will take place on October 23-24, 2024, in Melbourne. Ampace will debut, presenting its pioneering energy storage solutions tailored to facilitate Australia’s energy transition (Booth No. WW101).

Challenges and Opportunities in Australia’s Energy Transition

Australia’s energy landscape is experiencing significant transformations due to the pursuit of global carbon neutrality objectives. Consequently, the role of energy storage technology has never been more crucial in overcoming the hurdles associated with increasing volatility of electricity supply and demand. It is precisely in this context that Ampace is stepping into the Australian market with a mission to provide efficient and dependable storage solutions, supporting the nation’s sustainable energy aspirations.

Ampace: A Premier Provider of Green Energy Solutions

Ampace Technology Co., Ltd., as a joint venture of CATL and ATL, providing world class R&D and manufacturing of a complete chain Li ion battery products from “Cell-Battery Pack-System Integration”. With a strong foundation in micro vehicles, high-power products, and energy storage systems, Ampace is dedicated to providing the green energy solutions for users worldwide with “ultimate safety, ultimate reliability, ultimate performance, and ultimate experience”, developing battery products with high energy density, enhanced safety, and long life.

Ampace’s energy storage solutions have already proven their worth in Shenzhen, China, California, USA, and Chile, ensuring a stable power supply while delivering substantial cost savings to users. At the All-Energy exhibition, Ampace will showcase a comprehensive range of ESS products tailored to the Australian market, including commercial and industrial (C&I) solutions, residential energy storage, uninterruptible power supplies (UPS), and portable power solutions.

Empowering Energy Transition, Ampace Moves Forward

Entering the Australian market is a strategic milestone for Ampace’s global ambitions. The company remains steadfast in its user-centric approach, continuously refining product performance and service quality through technological innovation. Ampace is poised to assist Australia in achieving its energy transition and carbon neutrality goals, contributing to the sustainable evolution of the global energy sector.

At the All-Energy Australia Exhibition, Ampace eagerly anticipates collaborating with industry peers to forge pathways for energy transition and collectively propel the global energy sector towards a greener, more sustainable future.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ampace-will-showcase-innovative-energy-storage-solutions-at-all-energy-australia-2024-exploring-pathways-for-energy-transition-302277702.html

SOURCE Ampace

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HILTI UNVEILS NEW BRAND CAMPAIGN HIGHLIGHTING THE WORK OF CONSTRUCTION PROS

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The brand celebrates the craftsmanship and kinship at the heart of the construction industry

PLANO, Texas , Oct. 16, 2024 /PRNewswire/ — Hilti North America, a global leader providing innovative tools, technology, software, and services to the commercial construction industry, is debuting a fresh brand campaign that honors the grit and know-how of unsung heroes who take on the most challenging of jobs, day in and day out.

Built on direct experience from working with construction professionals, Hilti’s “Pros Know” campaign digs into what really matters to jobsite workers. The campaign, which has rolled out across social media, radio, search and display ads, recognizes the caliber it takes to push through bad weather, slog through mud, and meet relentless deadlines in harsh conditions and a chaotic environment. The campaign speaks directly to those who endure and never back down, underlining the resilience and determination that define the industry. 

Hilti aims to generate excitement and pride in being part of an industry that shapes the world. The creative approach is based on an understanding and admiration of the construction industry, that experts recognize the pros, and pros see the best in the field. The message spotlights the bonds that are central to the industry and shows why Hilti is a trusted partner that provides certainty in even the most uncertain of conditions—so that contractors can focus on mastering the build.

The “Pros Know” campaign also emphasizes Hilti’s unique boots-on-the-ground approach. The company’s direct sales model enables its team members to work closely with customers. That real-world insight drives Hilti’s innovation and helps the company connect with pros on the jobsite—as a productivity partner who understands the demands and pace of the job. Hilti is committed to making jobsites run more smoothly, safely, and productively, backed by the reliability of its 20-year limited warranty, 2-year wear & tear coverage, and 1-day turnaround on tool repairs.

“Through this campaign, we aim to shine a light on the contributions of construction workers to society,” said Muthu Manohar, Senior Vice President of Marketing and Engineering, Hilti North America. “Hilti honors your hard work and stands by you every step of the way, providing unwavering support to help you be more productive and safer—with a unique offering that goes beyond power tools.”

Hilti’s premium offerings transcend the anchors, firestop, and power tools for which it is most well-known. The company helps to optimize and streamline construction processes from start to finish, from the office to the jobsite.

For more information, visit hilti.com/prosknow.

About Hilti
Hilti is a leading provider of high-quality tools, fastening systems and software-based solutions for the professional user. With over 4,000 highly trained Hilti account managers, engineers, and employees throughout North America, Hilti’s expertise covers the areas of powder-actuated fastening, drilling and demolition, diamond coring and cutting, measuring, firestopping, screw fastening, adhesive and mechanical anchoring, strut and hanger systems, and solutions for tool crib productivity. Adding greater efficiencies to customers’ businesses, Hilti has tools with integrated features for improved worker and jobsite safety, advanced technologies and software for smoother workflows, and services that simplify construction management—ultimately making construction better. Hilti’s North American headquarters are in Plano, Texas. 

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SOURCE Hilti, Inc.

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Riot Announces Third Quarter 2024 Earnings Conference Call

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CASTLE ROCK, Colo., Oct. 16, 2024 /PRNewswire/ — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30, 2024, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended September 30, 2024.

This conference call will be available through the audio-only webcast, please use this link here to register. Participants who choose to dial into the call in the United States or internationally, please use this link here to register. A replay of the conference call will be available after the call ends, through this link.

About Riot Platforms, Inc.

Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.

Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado.

For more information, visit www.riotplatforms.com.

Safe Harbor

Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements about the benefits of acquisitions, including financial and operating results, and the Company’s plans, objectives, expectations, and intentions. Among the risks and uncertainties that could cause actual results to differ from those expressed in forward-looking statements include, but are not limited to: unaudited estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the development of our mining facilities in Texas, Kentucky and elsewhere; our expected schedule of new miner deliveries; the impact of weather events on our operations and results; our ability to successfully deploy new miners; the variance in our mining pool rewards may negatively impact our results of Bitcoin production; megawatt (“MW”) capacity under development; we may not be able to realize the anticipated benefits from immersion cooling; the integration of acquired businesses may not be successful, or such integration may take longer or be more difficult, time-consuming or costly to accomplish than anticipated; failure to otherwise realize anticipated efficiencies and strategic and financial benefits from our acquisitions; and the impact of COVID-19 on us, our customers, or on our suppliers in connection with our estimated timelines. Detailed information regarding the factors identified by the Company’s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as amended, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.

Investor Contact:
Phil McPherson
303-794-2000 ext. 110
IR@Riot.Inc

Media Contact:
Alexis Brock
303-794-2000 ext. 118
PR@Riot.Inc

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SOURCE Riot Platforms, Inc.

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