As per Market Research Future (MRFR), the global C4ISR Market is estimated to grow at a CAGR of 4%, procuring a substantial market value during the forecast period from 2019 to 2023. C4ISR has extensive usage in the defense sector for making critical decisions by giving vital information and integrating data from multiple sources. The C4ISR market is estimated to witness steady growth in the forthcoming period owing to the usage of developed technology along with airborne ISR to support maritime tactical surveillance networks. Further, C4ISR is being used by the civil government to predict natural disasters and their aftermath. Moreover, they are also used by various governments in border control, protection from cybercrimes, and terrorist threats.
On the contrary, the unmanned aircraft technologies are likely to have a major impact on the airborne C4ISR systems market. UAVs are replacing the manned aircraft since it is cost-effective, which is estimated to impact the global market negatively. However, its benefits and applications are likely to counter the obstructing factors.
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The renowned players of the global C4ISR Market are Raytheon Company (U.S.), Lockheed Martin Corporation (U.S.), BAE Systems (U.S.), General Dynamics Corporation (U.S.), Northrop Grumman Corporation (U.S.), Rockwell Collins(U.S.), Elbit Systems Ltd (U.S.), L-3 Technologies, Inc. (U.S.), Thales Group (France), and Harris Corporation (France).
The segment analysis of the global C4ISR Market is done by applications and systems. The application-based segments of the global C4ISR market are land, air, naval, and space.
The system-based segments of the global C4ISR market are control, command, communications, computers, intelligence, surveillance, and reconnaissance.
Based on geography, the global C4ISR Market is segmented into North America, Asia-Pacific, Europe, and the Rest of the World (RoW). As per the analysis, the global market is estimated to be dominated by North America owing to its primacy in military expenditure and technical development. North America acquired 44% of the global C4ISR Market in 2016. Further, the region is estimated to grow owing to the increased government initiatives. The crucial participation of the U.S. majorly drives the regional market, and Canada is primarily responsible for making substantial investments in the development of such systems.
Europe is projected to acquire second position owing to the rising security concerns. The growing illegal immigration from countries such as Syria, Iraq, and Libya into the European countries has led to an increased probability disturbance in internal affairs. Situations like these have stimulated the demand for C4ISR systems in the region. The deployment of such advanced equipment assists in modulating the chaotic situation in various European countries. France, Germany, Turkey, Russia, and the U.K. are likely to participate significantly in market growth. Also, continuous R&D is likely to enhance the market significantly in the forthcoming period.
The APAC and MEA region are estimated to display substantial growth owing to the rise in the defense budget and the increasing demand for the latest technologies for C4ISR systems. APAC and MEA are anticipated to procure 30% of the market share. The demand for networked communication, electronic and intelligence warfare systems, sensor upgrades is estimated to fuel the market in the forthcoming period. The prevalence of enmity in various countries of the Asia-Pacific region and Middle East and African countries is estimated to be the most significant cause of regional development of the market. The escalating tension between North and South Korea, China and India, India, and Pakistan are likely to stimulate the market substantially.
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