C4ISR Market to Reach USD 139.2 Billion by 2027 | CAGR 3.6% – Forencis Research

C4ISR Market - Global Industry Analysis and Forecast 2020 to 2027

Global C4ISR Market: Key Highlights

  • According to the new market research report C4ISR Market by Component (Solution, Services), by Product (Sensor Systems, Displays & Peripherals, Application Software, Communication & Networking Technologies and Electronic Warfare Hardware), by Platform (Land, Naval, Airborne), by Application (Communications, Intelligence, Surveillance & Reconnaissance, Electronic Warfare and Command & Control), by End-User (Defense, Commercial), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global C4ISR Market is estimated to reach USD 139.2 Billion by 2027 at a CAGR of around 3.6% during the review period.
  • The C4ISR system helps to provides situation awareness, information on the correct equipment at the fast rate through the sensors and communication systems
  • Moreover, it being largely finds its application in the military commercial and government organization. These may lead to improve the demand for the market in the forecast period.

C4ISR Market

Global C4ISR Market: Key Market Dynamics

  • With the growing demand for Situational Awareness (SA) in military operations is witness to fuel the growth of the market in the forecast period. Whereas, the situational awareness is the ability to rapidly understand and get the users present and future circumstances to make decision as well as to develop complex plans.
  • Growing demand for next-generation IP Systems, rising investments for integration of advanced technologies into C4ISR solutions is lead to create an opportunities for the growth of the C4ISR market in the forecast period.
  • Limited defense budget and data storage and data processing is also one of the challenging factor for the growth of the C4ISR market in the projected period.
  • One of the major key concern of the C4ISR market is the high cost which may restraining factor for the growth of the market. Whereas, incorporation and development of the system in the defense lead to result with the heavy cost of investment.

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Global C4ISR Market: Regional Overview

  • North America:

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.

  • Asia-Pacific:

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:

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:

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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Rep Id : AnD 092

Published : 2020-09-21