DUBLIN, June 13, 2023 /PRNewswire/ — The “C4ISR Global Market – Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.
The C4ISR market is projected to grow from USD 113.4 Billion in 2022 to USD 154.0 Billion by 2028, at a CAGR of 5.2% during the forecast period.
The market is anticipated to grow due to the increased need for detailed information, the accelerating speed of information dissemination, the deployment of resources based on the assimilated information, and the proliferation of interoperable digital devices have driven the need to develop and deploy modern C4ISR capabilities.
C4ISR is an extremely capable deterrent; modern dissemination technologies and techniques enable forces to deal with threats before they can cause harm.
The Intelligence, surveillance, and reconnaissance segment is expected to account for the largest share in 2022
Based on application, the intelligence, surveillance, and reconnaissance segment is projected to lead the C4ISR market during the forecast period. The growth of the computer segment can be attributed to the increasing use of artificial intelligence and machine learning in both, commercial and defense sectors for enhancing data management.
The defense & space Segment is projected to dominate the market share in the End User segment during the forecast period
Based on End User, the defense & space segment is projected to dominate the market share during the forecast period. The rising adoption of geospatial systems for better surveillance and shorter response time and increasing geopolitical rift among countries has led to the adoption of C4ISR systems.
North America is expected to account for the largest market share in 2022
The C4ISR market industry has been studied in North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America accounted for the largest market share in 2022.
The North America market will experience considerable growth in the next years because of the rising military modernization programs, rising investments in developing technologically advanced C4ISRs for defense soldiers, and the growing military procurement by Russia, Germany, India, and China contribute to the global expansion of the market.
Market Dynamics
Drivers
Need for Enhanced Integrated Situational Awareness to Support Decision-Making
Modernization of Defense Capabilities to Address Asymmetric Warfare Threats
Rising Military Focus on Wireless Connectivity and Technologies
Restraints
High Development and Maintenance Costs of C4 Systems
Vulnerability to Cyberattacks
Regulatory Obstacles Related to Technology Transfer
Opportunities
Increasing Need for Interoperability Between Military Devices/Technologies
Integration of Satellite-Based Geospatial Analytical Tools with C4 Systems
Increasing Use of AI to Assist in Effective Decision-Making
Cloud Computing and Data Storage Solutions for C4Isr
Challenges
Inability of Existing Ew Systems to Address Diverse Threats
Companies Mentioned
AirbUS
BAE Systems
Booz Allen Hamilton
Collins Aerospace
Cubic Corporation
Curtiss-Wright
Elbit Systems Ltd.
General Dynamics Corporation
IABG
Indra
Israel Aerospace Industries
Kongsberg
L3Harris Technologies
Leonardo S.P.A.
Lig Nex1
Lockheed Martin Corporation
Mag Aerospace
Microsoft
Northrop Grumman
Raytheon Technologies
Rheinmetall
Saab Ab
Systematic A/S
Thales
TSG IT Advanced Systems Ltd.
Ultra Electronics
For more information about this report visit https://www.researchandmarkets.com/r/lbou9o
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SOURCE Research and Markets