According to a new market research report published by sheer analytics and insights, "The Global C4ISR Market will grow at 7.0% CAGR from 2020 to 2028”, as per the latest market research report titled Global C4ISR Market (By Application - Intelligence, Surveillance & Reconnaissance, IT based systems, Communication, Command & Control and Training. By Platform - Land, Naval, Airborne, Space. By End-User - Military, Government Agencies, Commercial, Industrial, Critical Infrastructure, Commercial Space, By Geography - North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global industry analysis, size, share, growth, trends, and forecast, 2019-2028.
The C4ISR system is a mix of robust hardware and software used by the military. The C4ISR systems solve the death rate problem in the war field by considering the proper usage of electronics hardware and organic control systems. The main objective of the C4ISR system is to provide situational awareness during practicing or at war locations, which helps in decision-making near real-time. It is supposed to be used at all levels of authority and command in the future.
The rising demand for radio-electronic warfare systems, competitive intelligence for the next-generation warfare, conflicts resolution, and increasing amount of data for controlling, are some of the factors propelling the C4ISR market globally during the forecast period. The government's increased funding for procuring commercial-off-the-shelf (COTS) products and enabling the secure Internet of Things (IoT) is expected to boost market demand during the forecast period. Prospects for producers in the C4ISR market are abundant. Factors such as the production of effective and affordable C4ISR systems for emerging nations, and conversion of the bulky, existing, and large power-consuming systems into more industrious and reliable ones across various warfare platforms support the growth of the market.
In 2020, North America has a share of more than 35% in global C4ISR market. This is due to advancement in technologies, along with the growing investments by government in the United States. Following North America, Asia-Pacific is expected to propel the market, as it has significant demand for networked communication, sensor upgrades, and intelligence warfare systems and electronic. Moreover, the growth of Chinese C4ISR systems is expected to make the Indian defense sector invest more in the C4ISR market during the forecast period.
Geographically, The C4ISR Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The primary key players in the C4ISR Market Some of the major players in the global C4ISR market include BAE Systems PLC., Elbit Systems Ltd, General Dynamics Corporation, L-3 Communications Holdings, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Rockwell Collins, Inc., Thales Group, The Raytheon Company, and others.
The Global C4ISR Market Has Been Segmented into:
Global C4ISR Market: By Application
Global C4ISR Market: By Platform
Global C4ISR Market: By End-User
Global C4ISR Market: By Region
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