C4ISR Market to grow with CAGR of 5.93% by 2028
Rising focus on the use of C4ISR
for situational awareness in military and defense applications, advanced
technology and growing satellite industry are increasing the demand for C4ISR
market.
According to the TechSci Research
report, “C4ISR Market-Global Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-2028F,” the Global C4ISR market valued at USD111.40 billion in 2022 and is anticipated to register
a CAGR of 5.93% in the forecast years. C4ISR is an acronym that stands for
command, control, communications, computers, intelligence, surveillance, and
reconnaissance systems. C4ISR encompasses a wide range of frameworks, from
land-based radar to binoculars for perception, as well as various methods such
as communication satellites. C4ISR is based on the idea of increasing
situational awareness, giving commanders the data, they require as quickly as
possible under the circumstances, and utilizing the appropriate materials,
hardware, and frameworks.
CAISR frameworks provide order, control,
and exchanges for aviation-based armed forces to provide advantages in
improving security to military powers, improving situational awareness
abilities, and allowing users to quickly investigate the ground in a battle
situation. Furthermore, C4ISR systems provide the naval force with finding,
fixing, tracking, targeting, engaging, and assessing (F2T2EA). Given its expanding role in how
decisions are made, threats are addressed, and agreements are enforced, C4ISR
currently plays a critical role in the operational stability and military defense
of governments, businesses, and societies across the globe. Security agencies
use C4ISR systems extensively to conduct military operations and disseminate
intelligence among their ranks. Furthermore, nations facing security threats
such as territorial disputes and hostile neighbor aggression are increasingly
deploying C4ISR systems to track enemy movements and conduct high-risk military
operations. Furthermore, the introduction of airborne systems such as unmanned
vehicles, synthetic aperture radars, and sensors is fuelling market growth.
Product innovations such as the development of low-power consuming and
light-weight equipment and systems, as well as integration with the Internet of
Things (IoT), are expected to propel the market forward. Aside from that,
rising government funding in the defense sector is boosting the market's
prospects.
Browse more than198 market data Figures spread through 242 Pages and an in-depth TOC on "Global C4ISR Market"
The global
C4ISR aircraft market can be segmented based on component, platform, end user,
user type, region and competitive landscape. In the Component segment, the market
is divided into hardware and software. The Hardware segment holds the majority
of the share with around 66% in 2022. The demand for wired communication
devices for underwater and subsurface military applications, as well as sensors
for next-generation airborne intelligence, surveillance, and reconnaissance
systems, is driving growth in the hardware component market. Based on platform,
the market is segmented into airborne, land, naval and space. The naval segment
has the largest market share based on platform. As the number of sensors on
ships has increased and radar technology has advanced, naval CAISR systems have
been upgraded with data analytics solutions such as artificial intelligence and
cloud computing. In the end user type the market is divided into defense &
space, homeland security and civil organizations and others. The defense &
space sub segment account for the highest share in this segment. The capability
of military forces around the world is improved by C4ISR. A benefit of advanced
C4ISR capabilities is situational awareness, comprehension of the opponent and
environment, and a reduction in the time between sensing and reacting. In order
to improve their capabilities, Defense & Space departments around the world
are implementing C4ISR systems. In the user type the market is divided into
Government & Military and commercial. Government & Military has the
largest market share in this segment with market share of more than 90% in 2022.
In the region the market segmented into North America, Europe & CIS, Asia-Pacific,
South America and Middle East & Africa.
Some
of the major players operating in the Global C4ISR Market include:
- Lockheed Martin Corporation
- Raytheon Technologies
Corporation
- Northrop Grumman Corporation
- Boeing Company
- BAE Systems Plc
- Kratos Defense & Security
Solutions Inc
- L3Harris Technologies Inc.
- Thales Group
- Elbit Systems Ltd.
- General Dynamics Corporation
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“The growing demand for intelligence and threat
detection in defense activities and situational awareness is driving the Global
C4ISR market. Moreover, as technology advances, there is a greater adoption of
C4ISR, which is used for real-time surveillance data, infrared imagery, and so
on. Furthermore, governments are increasing their defense budgets in order to
implement C4ISR in their defense systems, fueling the global C4ISR market," 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, 2018-2028 Segmented By Component
(Hardware, Software), By Platform (Naval, Airborne, Land and Space), By End
User (Defence & Space, Homeland Security, Civil Organizations, Others), By
User Type (Government & Military, Commercial), 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 the Global C4ISR Market.
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