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3. Mission Management Companies - Lockheed Martin Corporation (U.S. and Northrop Grumman Corporation (U.S.) are the Key Players

Mission management systems are computing systems that are aimed to provide processing features in various aircraft. Mission management systems (MMS) are platform independent systems used to manage critical command and control missions in defense and civil applications. MMS enhances situational awareness while ensuring the availability of information and interaction of all systems involved in a mission. The typical functions of MMS are communication, navigation, flight guidance, conflict management, situation assessment, and online path and tactical planning. The mission management systems market is projected to grow from USD 13.97 Billion in 2016 to USD 27.50 Billion by 2022, at a CAGR of 11.95% during the forecast period. Increasing use of mission management systems for unmanned aerial vehicles and growing need of emergency of search and rescue management are some the major factors driving the growth of the mission management systems market during the forecast period.

Data interpretation through multi-sensor data fusion is a rapidly advancing technology and is expected to be incorporated in all the mission management systems is the upcoming years. Multi-sensor data fusion has the capability to support missions to require target tracking, identification, and situation/threat assessment among others.

Major Mission Management Companies Include:

• Lockheed Martin Corporation (US)
• Northrop Grumman Corporation (US)
• SAAB AB (Sweden)
• Honeywell International, Inc. (US)
• Thales Group (France)

These market players have been focusing on securing government contracts to ensure their organic growth in the mission management systems market. The core competencies of these market players include their widespread geographical presence and increased investments in R&D activities.

Lockheed Martin Corporation (U.S.) is a major player in the mission management systems market. Lockheed Martin Corporation provides mission management systems engineering, software development, complex program management, supply chain solutions and logistics, and training and simulation technologies for global security, civil and commercial markets. For instance, in 2016, Lockheed Martin Corporation received a contract from Ampex Data Systems, a Delta Information Systems Company to provide the (TS640) Airborne for new advanced mission System, which will provide high-data rate, storage for airborne platforms.

Northrop Grumman Corporation (U.S.) is one of the top companies profiled for the mission management systems market, globally. Northrop Grumman Mission Systems is the leading global provider of advanced, secure and agile software-defined systems and solutions and mission-enabling information. For instance, in 2016, Northrop Grumman Corporation received a contract from the U.S. Army for MQ-4C Triton Unmanned Aircraft System for the integrated mission management.

Related Reports:

Mission Management Systems Market by Application (Defense, Commercial), End-User (Air Based, Naval Based, Land Based and Unmanned Systems Based) and Region (North America, Europe, Asia-Pacific, Rest of the World) - Global Forecast to 2022

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