C4ISR Market worth $147.1 billion by 2026 – Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 2, 2021 /PRNewswire/ — According to a research report “C4ISR Market by Solution (Hardware, Application Software & Services), Platform (Airborne, Land, Naval, Space), Application, End User (Defence & Space, Homeland Security, Commercial), Installation, and Region – Forecast to 2026”, published by MarketsandMarkets™, the C4ISR market is projected to grow from USD 119.9 billion in 2021 to USD 147.1 billion by 2026, at a CAGR of 4.2% from 2021 to 2026. The C4ISR market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The deployment of small, reliable, and sophisticated C4ISR systems in a wide range of applications has increased their demand across the globe. Advancements in ISR technologies and improvements in their manufacturing techniques have led to reduced costs of these systems. Enhanced defense and surveillance capabilities of armed forces and law enforcement are the key factors driving C4ISR market.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1315

Growing investments by several governments particularly in developed and developing economies such as the US, India, and China, among others. COVID-19 has affected the C4ISR market growth to some extent, and this varies from country to country. Industry experts believe that the pandemic has not affected the demand for C4ISR in applications.

“Based on application, the Intelligence, Surveillance & Reconnaissance (ISR) segment of application is expected to lead the C4ISR market from 2021 to 2026.”

Over the past few years, there has been an explosion of activity in the advancement of ISR technology for mission critical data. In September 2020, Lockheed Martin develops signals intelligence capabilities for the Distributed Common Ground System, the Air Force’s intelligence, surveillance, and reconnaissance (ISR) system by using agile development.

“Based on platform, the land segment is estimated to lead the C4ISR market from 2021 to 2026.”

Based on platform, land segment is estimated to lead the C4ISR market from 2021 to 2026 and is projected to grow further due to the increasing need of multi-mission unmanned ground vehicles (UGV’s) for reconnaissance and target acquisition, and increasing need of remote surveillance and piloting, global automation and data management. In January 2019, Canada’s Government has awarded three contracts total worth USD 621.5 million to General Dynamics (GD) Mission Systems (Canada) to support of the Canadian Army’s Land command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) system.

 Browse in-depth TOC on “C4ISR Market

200 – Tables
60 – Figures
270 – Pages

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1315

“The North America region is estimated to account for the largest share of C4ISR market in 2021.”

Based on region, North America is expected to lead the C4ISR market from 2021 to 2026. The US is the largest market share for C4ISR in North America. The increasing investment on C4ISR systems to enhance defense and surveillance capabilities of the armed forces, modernization existing military platforms, critical infrastructure and law enforcement agencies are increasingly using C4ISR systems are key factors expected to drive the C4ISR market in North America.

Contracts were the main strategy adopted by leading players to sustain their position in the C4ISR market, followed by new product developments with advanced technologies. Many companies also collaborated to set up special centers for the research & development of advanced C4ISR technologies.

The C4ISR market is dominated by a few globally established players such as Northrop Grumman (US), Lockheed Martin Corporation (US), BAE Systems (UK), Raytheon Technologies Corporation (US) and General Dynamics Corporation (US), among others.

 Related Reports:                                                                                                                                            

Electronic Warfare Market by Capability (Support, Attack, Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), and Region – Global Forecast to 2025

Command and Control Systems Market by Application (Government & Defense, and Commercial), Solution (Hardware, Software, Services), Platform (Land, Airborne, Maritime, and Space), Installation Type, Installation Base, and Region–Global Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]  
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/c4isr-market.asp    
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/c4isr.asp 

SOURCE MarketsandMarkets

Leave a comment

Your email address will not be published. Required fields are marked *