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Dec 8, 2019 7:30 PM ET

C4ISR Market is projected to grow at a CAGR of 3.56% during 2017-2022


C4ISR Market is projected to grow at a CAGR of 3.56% during 2017-2022

iCrowd Newswire - Dec 8, 2019

This report provides an analysis of the C4ISR market from 2017 to 2022. It discusses the industry and technology trends that currently prevail in the C4ISR market. It analyzes the factors that drive and restrain the growth of this market and the challenges faced by this market.

 

The C4ISR market is projected to grow from USD 100.25 billion in 2017 to USD 119.39 billion by 2022, at a CAGR of 3.56% during these years.

 

C4ISR systems ensure the survivability of land, naval, airborne, and space defense units. The systems provide advanced intelligence from ISR systems to units at the frontline for better interoperability. The range of technologies available with respect to C4ISR systems is diverse and their rapid evolution is driving the global C4ISR market.

 

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The development of new technologies has led to further modernization of C4ISR systems. There have been various technological advancements in terms of how the militaries develop, work with, and use geospatial technology. Presently, defense organizations embed geospatial capabilities directly into the mainstream C4ISR applications. This has resulted in C4ISR systems combining multiple types of geospatial data collected from satellites by using different types of sensors.

 

Among solutions, the services segment is expected to lead the C4ISR market during the forecast period. The increase in the requirement of various support services such as simulation & training as well as logistics & maintenance services to increase the operationality and better supply chain management of these systems have led to the growth of the solutions market.

 

Among applications, the electronic warfare segment is projected to grow at the highest rate during the forecast period. The growth in this segment can be attributed to the increased threats from various air defense systems and advanced naval systems. These systems have led to the requirement of various electronic attack, electronic protection, and electronic support systems for increasing survivability while operating in hostile areas.

 

Based on end user, the defense segment is expected to be the fastest growing end-use segment. Large-scale modernization and development of new C4ISR technologies have contributed to its growth. These include technologies such as network centric warfare, secure communication systems, electronic warfare systems, and new generation ISR systems. Requirement for information security for protection from various cyberattacks is another factor driving the defense end-use segment.

 

Based on platform, the airborne platform is the expected to be the fastest-growing segment. This growth is attributed to the development of new generation UAV systems. These systems are increasingly being used for ISR missions and form an important part of C4ISR systems. Various countries are focusing on developing combat UAVs for increasing their operational capabilities.

 

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Asia Pacific is expected to be the fastest-growing C4ISR market during the forecast period. Countries in this region are upgrading their surveillance abilities by upgrading their C4ISR networks. China is expected to drive the Asia Pacific C4ISR market. Countries such as South Korea, China, and India are investing in these systems, which is a good opportunity for the C4ISR systems manufacturers. The increase in defense spending among countries in the Asia Pacific region has led to an increase in the 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 also driving the C4ISR market in this region.

 

Key players profiled in the C4ISR market report include Lockheed Martin (US), Raytheon (US), Rockwell Collins (US), BAE Systems (UK), Thales (France), Elbit Systems (Israel), Leonardo (Italy), and Northrop Grumman (US), among others.

 

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Keywords:    C4ISR Market

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