PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270334
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270334
C4ISR Market size was valued at USD 12,407.7 Million in 2022, expanding at a CAGR of 3.08% from 2023 to 2030.
The tactical acronym C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) describes the procedure of gathering data from many sources and using it to guide decision-making.
Market Dynamics
One of the main drivers propelling the market's expansion is the quick advancements in the fields of electronics, optoelectronics, and information technology (IT), as well as the growing necessity to combat the increase in criminal and terrorist activity. Security services frequently use C4ISR systems to carry out military operations and share intelligence within their ranks. Also, C4ISR systems are being used more frequently by countries that face security threats such territorial disputes and neighbourly aggression to track the movements of the enemy and carry out high-risk military operations. The development of airborne systems, such as unmanned aircraft, synthetic aperture radars, and sensors, is also accelerating the market's expansion. The development of lightweight, low-power systems and equipment as well as the integration with the Internet of Things (IoT) are expected to promote additional market growth. In addition, growing government spending in the defence industry is encouraging market growth.
In addition, To boost the efficiency and situational awareness of military troops, there is an increasing emphasis on increasing investments in integrating cutting-edge technology like machine learning and artificial intelligence into C4ISR solutions. The market is anticipated to grow as a result in the upcoming years.
The Global C4ISR Market is segmented based on platform, solution, end-user, application, and Region.
Based on platform, the space segment accounted for the largest revenue share in 2022 and will retain its dominance over the forecast period owing to an increasing preference with the development of numerous space-based technologies that can take the role of the conventional C4ISR architecture, several nations are investing a portion of their defence spending budgets to such initiatives. While they provide a competitive advantage over rivals in terms of technology, space-based C4ISR capabilities have grown in significance for the world's armed forces. Investments in space-based C4ISR systems are being fueled by the emergence of tiny satellites that deliver standard satellite functionality at a lower cost. To improve its capabilities for space-based situational awareness, the US government intends to invest in the creation of small satellite constellations in low-Earth orbit (LEO). These investments seek to address the limitations of conventional aircraft and huge satellite sensors, which cannot provide continuous surveillance. Inhance, a covert spy satellite was launched by SpaceX for the US National Reconnaissance Office (NRO). The NRO manages the US espionage satellite fleet. Lightweight laser communications terminals are of particular interest to the Pentagon's Space Development Agency for the fleet of LEO satellites that it intends to launch in the upcoming years.
The North America is expected to dominate the market during the forecast period due to the US military's strong emphasis on improving C4ISR capabilities. The world's largest military spender is the United States. For the first time in its history, the US military budget in 2021 exceeded USD 800 billion to reach USD 801 billion. According to SIPRI, it made up 38% of all military spending worldwide. In the ongoing competition for technical superiority, the US armed forces intend to improve their C4ISR capabilities to gain a significant advantage over their opponents.
In Additionally, In the upcoming years, Canada also intends to make considerable investments in the acquisition of portable communications systems, navigation systems, and instruments for situational awareness in the battlespace. For instance, Canada announced in April 2022 that it will spend CAD $1 billion to construct a radar system in Southern Canada. The device would monitor Arctic airspace for threats on significant Canadian and American cities. Throughout the projected period, such modernization programmes to strengthen the military forces' capabilities in the region are anticipated to drive market expansion.
In March 2022, In order to provide the Indian Air Force fighter jets with an Advanced Electronic Warfare suite, the Indian Defense Ministry and BEL entered into a collaboration. The Ministry of Defense and Bharat Electronics Limited (BEL) inked a contract worth around INR 1993 crore (USD 255 million).
In March 2022, Leidos was given a contract modification by the US Naval Sea Systems Command to put the AN/SQQ-89A(V)15 undersea fighting system on the Navy's combat ships. The contract had a $81.1 million USD value. The surface vessels will be equipped with the AN/search, SQQ-89A(V)15's detection, classification, localization, and tracking capabilities (like submarines, sea mines, torpedoes, etc.)
This proposed research study on the C4ISR Marketprovides market size (US$ Million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for the C4ISR MARKET
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain the C4ISR MARKET
The impact of COVID-19 on the C4ISR Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the C4ISR Marketpost-COVID will also be covered.
To give the users of this report a comprehensive view of the C4ISR MARKET, we have also included a competitive landscape and key innovator analysis for the C4ISR MARKET.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the C4ISR MARKET.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global C4ISR Marketreport primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
GLOBAL C4ISR MARKET KEY PLAYERS
Rockwell Collins, Inc
BAE Systems plc
CACI International Inc.
L3 Technologies
Thales Group
Elbit Systems
Harris Corporation
Raytheon Company
General Dynamics Corporation
Rheinmetall AG
Leonardo S.P.A.
Saab AB
Northrop Grumman Corporation
GLOBAL C4ISR MARKET, BY PLATFORM
Land
Naval
Airborne
Space
GLOBAL C4ISR MARKET, BY SOLUTION
Products
Services
GLOBAL C4ISR MARKET, BY END-USER
Defense
Commercial
GLOBAL C4ISR MARKET, BY APPLICATION
Intelligence
Surveillance & Reconnaissance
Electronic Warfare
Computers
Communication
Command & Control
Others
GLOBAL C4ISR MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA