Global C4ISR market trends 2024, Forecast To 2033
26 Jan, 2024
The c4isr market has witnessed substantial growth, increasing from $80.42 billion in 2023 to $86.33 billion in 2024, with a CAGR of 7.3%. This growth in the historic period is attributed to geopolitical conflicts, national defense needs, increased terrorism, asymmetric threats, emergence of multi-domain warfare concepts, and growth in the defense and homeland security sectors. Moving forward, the market is expected to experience strong growth, reaching $118.71 billion in 2028, with a CAGR of 8.3%. Factors contributing to this growth include rising investment in autonomous and unmanned systems, emphasis on information dominance, expanding use of drones and UAVs, expanding space-based capabilities, and increasing advanced data processing. Major trends in the forecast period include the adoption of blockchain technology, international collaboration in c4isr, integration of 5g, development of quantum computing, and integration of AI and machine learning.
Global C4ISR Market Key Driver
The C4ISR market witnesses growth fueled by escalating global territorial tensions. The rise in domestic terrorist attacks and plots in the United States, accounting for over 50% in urban demonstrations, emphasizes the need for enhanced reconnaissance and surveillance data. Territorial conflicts contribute to increased demand for C4ISR, driving the market's growth.
Get A Free Sample Of The Global C4ISR Market ReportGlobal C4ISR Market Segments
The global c4isr market covered in this report is segmented –
1) By Platform: Land, Airbone, Naval, Space.
2) By Solution: Hardware, Application Software, Services.
3) By Application: Intelligence, Communication, Command, Computer, Electronics.
4) By End User: Defence and Space, Commercial.
Major C4ISR Industry Players
Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems plc, Raytheon Technologies Corporation, General Dynamics Corporation, Thales Group, Elbit Systems Ltd., CACI International Inc., Honeywell International Inc., The Boeing Company, Rheinmetall AG, Leonardo S.p.A., Saab AB, Collins Aerospace, Serco Group plc, Rockwell Collins Inc., L3Harris Technologies Inc., Kratos Defense & Security Solutions Inc., General Atomics, Cubic Corporation, Ultra Electronics Holdings plc, QinetiQ Group plc, Mercury Systems Inc., Curtiss-Wright Corporation, FLIR Systems Inc., Textron Systems Corporation, Israel Aerospace Industries Ltd., Larsen & Toubro Limited, Bittium Corporation, Aselsan A.S., Indra Sistemas S.A., Bharat Electronics Limited, Rave Gears LLC, Hindustan Computers Limited Technologies, Viasat Inc., Kratos RT Logic, Vencore Services and Solutions Inc.
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C4ISR Market Overview
C4ISR refers to command and control, communications, computers, intelligence, surveillance, and reconnaissance that are advanced facilities, equipment, and systems. The C4ISR is used by the armed forces for planning military operations and communication to collect critical reconnaissance and surveillance data for decision making. These systems used next-generation networks and rely on sophisticated satellites for secure and resilient communication, these systems play a key role in the operation and defense purposes of the armed forces.
C4ISR Global Market Report 2023 provides data on the global c4isr market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The c4isr market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.