Global C4ISR Market: Key Highlights
Global C4ISR Market: Key Market Dynamics
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Global C4ISR Market: Regional Overview
The region is witness to create a major role of the adoption of the market in the forecast period. Whereas, with the growing technological advancements, rising government initiatives, as well as the investments in the United States is one the major reason for the market growth. Also, the he US and Canada being the major economies of the region, spend significant amount of the GDP on the military and defense. Moreover, the growth and development of the Electronic warfare attack devices as well as the sensor systems for the growth of the warfare will be major growth of the region.
The Asia-Pacific is projected will create a significant growth with advancements and developments in the field of battlefield management for getting the tactical communications. Moreover, the countries such as China, Japan and India is projected to be major player for the market with the rising growth for the electronic warfare. Also, the China projected to investing largely in the space based C4ISR capabilities. However, China has grown its space launch platform to facilitate space C4ISR programs.
Global C4ISR Market: Key Players Overview
Lockheed Martin Corporation is an American aerospace, arms, security, defense and advanced technologies company. In 2017 the company had received a contract worth USD 337 Million from the US Army for production of next generation of modernized target acquisition designation sight/pilot night vision sensor, to be installed in Apache helicopters. Moreover in 2019, the company has a contract of worth USD 320 Million contract from the US Missile Defense Agency (MDA) for the continue the evolution of the Command, Control, Battle Management and Communications (C2BMC) system.
General Dynamics Corporation is an American aerospace and defense corporation, which offers a wide range of portfolio of products and services in aviation, combat vehicles, weapons systems and construction. In 2019, the company has announced a contract of worth USD 621.5 Million from the Government of Canada for the support the Land Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) system for the Canadian Army. As well as in 2017, the company has received a contract worth USD 52 million from the US Navy for providing cybersecurity and IT support for the next 5 years.
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