C4ISR Market Size is Growing Globally by 2024 – ZMR News Magazine

C4ISR Market Size is Growing Globally by 2024

Zion Market Research has published a new report titled “C4ISR Market by Platform (Land, Air, Sea, and Space), by Application (Command & Control, Computers, Communication, Intelligence, Surveillance & Reconnaissance, and Electronic Warfare), and by End-Use (Defense and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024”. According to the report, the global C4ISR market accounted for USD 99.1 billion in 2017 and is expected to reach USD 127.2 billion globally by 2024, at a CAGR of around 3.6% between 2018 and 2024.

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C4ISR systems provide data capture, assessment, manipulation, and distribution in a protected network-centric environment. These systems are preliminarily used in the defense sector and government agencies. All these systems collectively provide warfighters and generals with information that help them in making critical decisions. C4ISR is used for raising situational awareness. All components of C4ISR systems need to operate together for its proper functioning.

Global C4ISR Market

The increasing demand for surveillance systems is likely to fuel the rise of the C4ISR market in the forthcoming years. C4ISR consists of surveillance systems that are used for security purposes. In 2017, the global security equipment in city surveillance surpassed USD 3 billion. It is projected that from 2016 to 2021, the global market for city surveillance will grow at a rate of 14.6% annually. Furthermore, the introduction of smart cities is projected to fuel the C4ISR market in the future, owing to the utilization of surveillance systems.

The rising demand for communication systems will fuel the C4ISR market growth over the forecast timeframe. Due to the increasing adoption of unmanned vehicles, such as drones for various defense applications, communication systems have become an integral part of security systems. Communication systems for the defense sector have to provide secure and rapid transmission of data. C4ISR systems provide various benefits, such as capture, transmission, reception, and distribution of information. Furthermore, the growing investments related to defense technology are projected to further boost the C4ISR market. Developing economies, such as India and China, are investing in defense technology. The Indian army’s expenditure regarding ISR systems is projected to surpass USD 6 billion by 2020, which, in turn, is expected to further propel this market in the future.

The C4ISR market is segmented into platform, application, application, and end-use. By platform, the C4ISR market is fragmented into land, air, sea, and space. Command and control, computers, communication, intelligence, surveillance and reconnaissance, and electronic warfare form the application segment of this market. The surveillance and reconnaissance segment is likely to witness considerable growth in the C4ISR market over the estimated time period, due to the rising demand for unmanned surveillance vehicles. Defense and commercial comprise this market’s end-use segment. The defense segment is further segmented into military and government agencies. Government agencies are anticipated to grow significantly over the forecast period, owing to the increasing government investments made in adopting these control systems.

By region, North America is likely to witness a significant surge in the C4ISR market in the estimated time period. The U.S. is anticipated to be the most attractive market in this region, owing to the rise in the initiatives related to space exploration projects and various technological breakthroughs. In Europe, the UK, France, and Germany are projected to drive the region’s C4ISR market, particularly due to the rising demand for aircraft.

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Some of the top players of the C4ISR market are Raytheon, Lockheed Martin, Bae Systems, Rockwell Collins, Elbit Systems, General Dynamics, L-3 Technologies, Harris Corporation, Rheinmetall AG, Leonardo S.P.A., Thales Group, and Saab Group among others.

This report segments the global C4ISR market into:

Global C4ISR Market: Platform Analysis

  • Land
  • Air
  • Sea
  • Space

Global C4ISR Market: Application Analysis

  • Command & Control
  • Computers
  • Communication
  • Intelligence
  • Surveillance & Reconnaissance
  • Electronic Warfare

Global C4ISR Market: End-Use Analysis

  • Defense
    • Government Agencies
    • Military
  • Commercial
    • Critical Infrastructure
    • Commercial Space
    • IndustriaL

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Global C4ISR Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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