C4ISR Market Major Players Analysis and Forecast Growth Until 2027
Integration of advanced technologies in C4ISR systems and growing demand for electronic warfare among military forces are driving the demand for the global C4ISR market in the forecast period, 2023-2027.
According to TechSci Research report, “C4ISR Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global C4ISR market is anticipated to witness robust growth in the forecast period, 2023-2027. Factors such as the rise in the utilization of geospatial intelligence and the adoption of C4ISR technology by security forces are driving the demand for the global C4ISR market. Also, the surge in efforts to develop secure networks and next-generation IP systems that can counter cyber-attacks are expected to bolster the global C4ISR market growth over the next five years. C4ISR refers to command, control, communications, computer, intelligence, surveillance, and reconnaissance, including a massive range of systems. It consists of communication satellites, land-based radars, and binoculars, which help better data transfer between the devices. Government authorities and commercial and military organizations actively use the C4ISR systems as they can easily handle complex situations and enhance the overall end-user experience.
However, data privacy and concerns regarding cyber-attacks may restrain the growth of the global C4ISR market in the forecast period.
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The global C4ISR market is segmented into component, platform, end user, application, regional distribution, and competitive landscape.
Based on the component, the market is bifurcated into hardware and software. The hardware segment is expected to capture the highest market share in the forecast period. Deployment of the 5G technology for faster wireless data transfer and the advent of next-generation intelligence systems are the primary driving factors for the advanced hardware segment. The development of wired communication systems for underwater and subsurface military applications and portable and rugged devices are expected to create lucrative growth opportunities for the hardware manufacturing market players in the forecast period.
Based on the platform, the market is divided into airborne, land, naval, and space. The space-based C4ISR segment is expected to account for a significant market share in the forecast period. There is an increased need to meet the pace of advanced technologies used by the defense sector, fueling the demand to replace the traditional C4ISR architecture with advanced C4ISR architecture. The launch of small satellites which can offer similar performance and are affordable and more technologically advanced than traditional satellites is driving the demand for the space-based C4ISR segment over the forecast period.
Based on the end user, the market is divided into defense & space, homeland security, and commercial. The defense & space segment is expected to witness the fastest incremental growth in the forecast period. The adoption of C4ISR systems by the defense forces improves the capabilities of the military forces across the globe. The advancement of the C4ISR system to enhance situational awareness and lower the time between sensing and prompt response is expected to fuel the demand for the C4ISR system among the defense forces.
Based on application, the market is divided into command & control, communications, computers, intelligence, surveillance & reconnaissance, and electronic warfare. Intelligence, surveillance & reconnaissance applications are expected to dominate the market over the next five years. The market is driven by the increased demand for advanced surveillance systems and electronic warfare systems for border patrolling and tracking terrorism activities.
Major market players operating in the global C4ISR market are:
· Northrop Grumman Corporation
· Lockheed Martin Corporation
· BAE Systems PLC
· General Dynamics Corporation
· SAAB AB
· L3 Technologies Inc.
· Rockwell Collins Inc.
· Harris Corporation
· CACI International Inc.
· Elbit Systems Ltd.
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“North America is expected to hold the largest market share in the forecast period owing to increased defense spending by the government to improve its C4ISR capabilities. The United States has the highest defense expenditure than the other national countries like China, India, Russia, France, Japan, South Korea, the United Kingdom, Italy, etc. The United States focuses on strengthening its technologies by boosting its C4ISR capabilities. They are also investing in advancing the existing fleet in land, sea, naval, and space platforms with advanced communication and data capabilities. The rise in the focus, investments, and research and development activities by the government on the development of portable communication systems, situation awareness tools, and navigation system is expected to propel the growth of the global C4ISR market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“C4ISR Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Component (Hardware, Software), By Platform (Airborne, Land, Naval, Space), By End User (Defense & Space, Homeland Security, Commercial), By Application (Command & Control, Communications, Computers, Intelligence, Surveillance & Reconnaissance, and Electronic Warfare), and By Region”, has evaluated the future growth potential of global C4ISR market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global C4ISR market.
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