C4ISR Market Worth 110.78 Billion USD by 2021
PUNE, India, July 13, 2016 /PRNewswire/ --
The report "C4ISR Market by Platform (Land, Naval, Airborne) Application (Command & Control, Communications, Computers, ISR, EW) Component (Networking Technologies, Communication Networks, Display Consoles, Software, EW Hardware) and Region - Forecast to 2021", published by MarketsandMarkets, the command, control, communications, computers, intelligence, surveillance &h reconnaissance (C4ISR) market is estimated to be valued at USD 93.80 Billion in 2016, and is projected to reach USD 110.78 Billion by 2021, at a CAGR of 3.38% from 2016 to 2021.
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Browse 89 market data Tables and 83 Figures spread through 203 Pages and in-depth TOC on "C4ISR Market".
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Increasing amount of data generated across C4ISR industry, along with growing demand for market and competitive intelligence, are the factors driving the growth of the C4ISR market.
Land segment is anticipated to account for the largest market share
Land platform segment is projected to have the highest market share of C4ISR market, by platform. C4ISR systems for land forces include weapon systems, tools, and systems for force protection. Land-based systems integrate and interact with airborne and naval systems, which provide new possibilities to enhance tactical capabilities. All major companies are strongly focusing on communications part of C4ISR programs particularly for land applications. This enables communication for land operations; from soldier systems to battle group systems, from voice to data and image - wireless and wired, and also broadband communication capabilities via satellite. It also provides customer adapted systems with interoperability to other systems.
The communication network segment is projected to grow at the highest CAGR
The communication network segment of the C4ISR market, by component is anticipated to grow at the highest CAGR during the forecast period. Communications networks help connect among various components in the system. Various devices can be used for wired and wireless communication network such as fiber optics cables and satellite-based devices. The communication networks segment is expected to witness significant growth in near future owing to the various advancements in cyber security, wired, and wireless technologies.
Asia-Pacific region to witness highest CAGR in C4ISR market
The Asia-Pacific region is expected to experience extensive growth opportunities in the next few years. The increase in defense spending among countries in the APAC region has increased opportunities for C4ISR applications. The rise in conflicts among neighboring countries in the APAC region and the threats from growing terrorism in the region are reasons driving this market in the APAC region. With geopolitical tensions in South China Sea and border issues in multiple countries, procurement of C4ISR systems will increase across the region.
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Key players profiled in the C4ISR market report include Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), Rockwell Collins, Inc. (U.S.), BAE Systems (U.K.), and Northrop Grumman Corporation (U.S.), among others.
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