PUBLISHER: TechSci Research | PRODUCT CODE: 1110894
PUBLISHER: TechSci Research | PRODUCT CODE: 1110894
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The global C4ISR market is anticipated to grow at a steady CAGR during the forecast period, 2023-2027. Factors such as the surge in demand for asymmetric warfare and growing terrorism activities are expected to drive the demand for advanced technologies and equipment to support the defense sector. Governments of different countries are increasing their spending on the defense sector to meet the requirements of the current scenario. Terrorism threats are increasing worldwide, which is increasing the importance of advanced technologies and equipment in the defense sector. Hence, leading authorities are adopting counterterrorism measures to prepare the state for war or combat. C4ISR systems provide the information as early as possible, allowing leading authorities to make informed decisions that ensure better results. These systems process and collect information through computers, sensors, and communication systems across land, air, space, and naval platforms, and then analyze and deliver the information to the concerned authorities. Therefore, a continuous increase in the defense budget allocation by the government is expected to boost the growth of the global C4ISR market over the next five years.
The global C4ISR market is segmented into component, platform, end user, application, regional distribution, and competitive landscape. Based on the component, the market is divided into hardware and software. The hardware segment is expected to hold the highest market share during the forecast period, 2023-2027. Introduction of next-generation intelligence systems and deployment of 5G technology for faster wireless data transfer are expected to drive the demand for advanced hardware components. For the market players in hardware manufacturing, the development of wired communication systems for undersea and subterranean military applications as well as portable and rugged devices is anticipated to open up attractive opportunities for the market players.
Major market players operating in the global C4ISR market are: Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems PLC, General Dynamics Corporation, SAAB AB, L3 Technologies Inc., and Rockwell Collins Inc., Harris Corporation, CACI International Inc., Elbit Systems Ltd.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of companies across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the global C4ISR market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, end user, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global C4ISR market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global C4ISR market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: