C4ISR Market Share, Size, Growth, analysis, trend Top Key Players Forecast 2023


Posted January 31, 2020 by nita01

C4ISR Market Report Information by System (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance), by Application (Land, Air, Naval, and Space), and by Region - Forecast to 2023
 
C4ISR Market – Competitive Analysis

In-house manufacturing capabilities, global networks, product offerings, investment in R&D, newer technology, and a strong client base are the key areas of competition between vendors in the global C4ISR market. The global economic recovery, growth of the C4ISR sector, development of new C4ISR systems, R&D and investments in cost-efficient systems, and a lucrative retrofit market have opened up opportunities for players to compete and grow. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality solutions with the latest technology and materials.

Lockheed Martin and Northrop Grumman are two of the biggest players in the market that provide information and electronic systems. Their prime focus is on providing cost-effective, integrated, and reliable systems.

Industry/ Innovation/ Related News:

2015:- The US Department of Defence (DOD) planned on investing USD 2.45 million on the procurement of UAVs such as RQ-4 Global Hawk and MQ-9 Reaper, which provide persistent ISR, targeting, and strike capability.

2014:- Raytheon signed a contract worth USD25.4 million with the U.S. Air Force, for the supply of PMA-290 maritime patrol and reconnaissance aircraft radar system components, along with 32 multi-spectral targeting systems.

2013:- Saab Group had an agreement USD170 million with Saudi Arabia, to supply set of spare parts and support services for the Saab 2000 AEWC, during 2013-2017.

C4ISR Market – Segments

C4ISR Market Segments For the convenience of the report and enhanced understanding; the C4ISR market is segmented in to three key dynamics

Segmentation by Systems: Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance.

Segmentation by Applications: Land, Air, Naval, and Space                           

Segmentation by Regions: Comprises Geographical regions –Americas, Europe, APAC and Middle East and Africa.

C4ISR Market – Regional Analysis

North America leads in global military expenditure and technological advancements, and thus generates a very high demand for C4ISR systems. Although, Canada makes some investments in the development of such advanced systems, yet the market is primarily dependent on the U.S. The region accounted for the largest share in the global market in 2016, primarily due to the presence of major manufacturers such as Lockheed Martin and Northrop Grumman in this region.

On the other hand, Europe is currently facing a challenging security situation on many fronts. The economic and political crisis in European countries such as Portugal, Greece, Ireland, Cyprus, and Ukraine and violence in the Middle East and North African countries display multiple challenges for the respective countries. Also, the growing influx of illegal immigrants from countries such as Syria, Iraq, and Libya into the European countries is escalating the risk of internal instability. These challenges fuel the demand for C4ISR systems in this region. With the deployment of such advanced systems by the European Union (EU) and other government bodies, the European countries such as France, Germany, Russia, Turkey, and the UK would have greater control over these turbulent and unrest situations.

Improving economic conditions in many countries in APAC and the Middle East have led to increases in their defense budgets and growing demand for new and advanced technologies for C4ISR systems. APAC and the Middle East together account for nearly 30% of the market. Political unrest in many countries in these regions, such as escalation of tensions between North and South Korea, and those between Israel and Palestine, has led the defense departments of these countries to procure high tech ISR systems.

C4ISR Market Report Information by System (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance), by Application (Land, Air, Naval, and Space), and by Region - Forecast to 2023 @ https://www.marketresearchfuture.com/reports/c4isr-market-1241

 
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Last Updated January 31, 2020