According to the new market research report, now available on ASDReports, "C4ISR Market by Application (Communication, Command & Control, Computers, Intelligence, Surveillance & Reconnaissance, and Electronic Warfare), Platform (Land, Naval, Airborne, and Space), Solution, End User, and Region - Global Forecast to 2022", The Command, Control, Communications, Computers, Intelligence, Surveillance & Reconnaissance (C4ISR) market was estimated at USD 100.25 Billion in 2017 and is projected to reach USD 119.39 Billion by 2022, at a CAGR of 3.56% from 2017 to 2022. Increased requirement for Situational Awareness (SA) in military operations and rising use of geospatial intelligence are among the factors driving the growth of the C4ISR market.
Land segment is projected to account for the largest market share during the forecast period.
The land platform segment is projected to have the highest market share of the C4ISR market, by platform. C4ISR systems for land forces include air defense systems, communication systems, and electronic warfare systems for force protection. Land-based systems integrate and interact with airborne and naval systems, which provide new possibilities to enhance tactical capabilities. All major companies are strongly focusing on the communications part of C4ISR programs, particularly for land applications. Communication enables interconnection of various soldier systems to battle management systems and facilitates transmission of data and images by wireless and wired communication systems.
The electronic warfare segment is projected to grow at the highest CAGR during the forecast period.
The electronic warfare segment of the C4ISR market, by application is anticipated to grow at the highest CAGR during the forecast period. Electronic warfare systems are used for various electronic attack, electronic support, and electronic defense missions. Electronic warfare systems provide the capability to operate in hostile environments by securing various air defense systems. The electronic warfare segment is expected to witness significant growth in the near future owing to the various advancements in electronic warfare systems.
Asia Pacific is expected to witness the highest CAGR in the C4ISR market during the forecast period.
The Asia Pacific region is expected to experience extensive growth opportunities in the next few years. The increase in defense spending among countries in the Asia Pacific region has increased opportunities for C4ISR applications. The rise in conflicts among neighboring countries in the Asia Pacific region and the threats from growing terrorism in the region are driving this market in the Asia Pacific region. With geopolitical tensions in South China Sea and border issues in multiple countries, procurement of C4ISR systems will increase across the region.
Key players profiled in the C4ISR market report include Lockheed Martin (US), Raytheon (US), Rockwell Collins (US), BAE Systems (UK), Thales (France), Leonardo (Italy), Elbit Systems (Israel), and Northrop Grumman (US), among others.
Source: ASDReports - Market Research
Date: Jan 17, 2018