The global market for command, control, communication, computer, intelligence, surveillance, and reconnaissance (C4ISR) exhibits an exceedingly consolidated competitive landscape, with the top four companies accounting for over 84% of the market in 2016, observes Transparency Market Research (TMR) in a recent report. These top vendors, namely Lockheed Martin Corporation, General Dynamics Corporation, The Raytheon Company, and BAE Systems PLC command prominent positions in the global market owing to their efforts in introducing innovative products and leveraging technological finesse of deliverables at a consistent pace.
The market is highly dynamic and technologies are getting evolved at a rapid pace. It is therefore necessary that companies wishing to gain sustainable returns align their growth strategies with technological developments. Transparency Market Research estimates that the global C4ISR market will exhibit a 3.5% CAGR over the period between 2017 and 2025, rising to a valuation of US$134.89 bn in 2025 from US$98.46 bn in 2016.
Developed Economies to Lead to Modest Growth Opportunities
In terms of end-user, the market is dominated by the airborne segment, which accounted for a more than 56% of the overall market in 2016. The segment is expected to retain its position as the leading contributor of revenue to the global C4ISR market over the report’s forecast period.
From a geographical standpoint, the market in North America and Europe dominate, collectively accounting for a massive share in the global market. North America accounted for a nearly 32% share in the global market in 2016. However, declining defense funds in these regions are expected to lead to a modest rise in demand for C4ISR systems. The Asia Pacific market will lead to promising growth opportunities.
Increasing Usage of Mobile Command Systems in Military Sector Key to Market Growth
The rising use of mobile command systems in the military sector across countries such as the UAE, China, and Brazil is expected to boost the growth prospects of the global C4ISR market in the next few years. These countries are increasingly focusing on the acquisition of advanced C4ISR systems consisting of technologically advanced command systems, communication systems, radars, computers, and electronic warfare. Recent incidences of security threats and terror attacks in these countries have compelled government bodies to increase investment in advanced military systems and equipment, expected to drive the market.
Declining Expenses on Military and Defense in Developed Economies to Emerge as Key Challenge
The decreasing spending on military and defense in developed markets such as North America and Europe is expected to emerge as the leading restraint to the overall growth prospects of the global market for C4ISR in the next few years. Countries such as the U.S. and Canada are focusing more on the maintenance of existing systems, limiting orders for new devices. Several key European markets have also exhibited a declining trend when it comes to defense funds in the past few years.
Nevertheless, the market could benefit from attractive opportunities for next-generation IP systems. As the implementation of IP technology has proved to provide better communication between main battle tanks (MBT), combat vehicle crew, and armored personal carriers (APC), its demand is expected to witness a significant surge in the next few years. Moreover, the global C4ISR market is also expected to benefit from the increased implementation of secure networks.
This review of the global C4ISR market is based on a recent market research report published by Transparency Market Research, titled “C4ISR Market (Application - Surveillance and Reconnaissance, Computer, Tactical Communication, Electronic Warfare, and Command and Control; End User - Airborne, Land, and Naval) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025.”
For the study, the market has been segmented as follows:
Global C4ISR Market: By Application
- Surveillance and Reconnaissance
- Tactical Communication
- Electronic Warfare
- Command and Control
Global C4ISR Market: By End User
Global C4ISR Market: By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- United Arab Emirates
- Rest of Middle East and Africa
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