Global C4ISR Market to reach USD 153.65 billion by 2027.Global C4ISR Market is valued approximately at USD 115.2 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2021-2027. The term C4ISR stands for command, control, communications, computing, intelligence, surveillance, and reconnaissance, and it refers to a diverse set of systems. Land-based radars or binoculars for observation are among the systems, as are many additional ways such as communication satellites. C4ISR is totally dependent on military, commercial, and government organizations, as it has the knowledge of addressing the most difficult challenges in this field while enhancing clients' operational and business performance. Because of the growth in terrorist operations, governments all over the world are substantially spending in various military and defence initiatives. The market is driven by growing demand for devices supporting 5G technology for high-speed data transfer and rising military focus on wireless connectivity and technologies. For instance, The US Department of Defense allocated USD 282 million to ongoing ISR initiatives in July 2019 to bridge the sector's present technology gaps. The funding will be used to support a number of initiatives, including artificial intelligence and the development of bilateral networks to share ISR data with important allies. Furthermore, in December 2020, the US Air Force issued a draught proposal for USD 499 million in C4ISR prototype development, testing, demonstration, integration, and delivery projects utilizing agile procurement methodologies. However, threats from cyberattacks may impede market growth over the forecast period of 2021-2027.
North America is expected to have the largest share of C4ISR systems owing to technical improvements and increased government investment in the United States, Sensor improvements, networked communication, and electronic and intelligence warfare systems will be in high demand in Asia Pacific, fueling industry growth throughout the projection period. Because of improvements in their military capabilities, South Korea, China, and India will increase production growth. Russia is also aiming to improve its future C4ISR capabilities and plans to spend substantially in the market, which will have a favorable influence on the market.
Major market player included in this report are:
Raytheon Technologies
General Dynamics Corporation
Northrop Grumman
Lockheed Martin Corporation
BAE Systems
L3harris Technologies
Leonardo S.P.A.
Systematic A/S
Israel Aerospace Industries
Curtiss-Wright
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Solution:
Hardware
Application software
Services
By Platform:
Airborne
Land
Naval
Space
By Application:
Command and Control
Communications
Computing
Intelligence, Surveillance and Reconnaissance
Electronic Warfare
By End use:
Defence & Space
Homeland Security
Commercial
By Installation:
New Installation
Upgrade
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global C4ISR Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors