Published Date : Jul 23, 2018
ALBANY, New York, July 23, 2018: The global C4ISR market is projected to see a remarkable rise by the end of 2026. Rise in demand for technologically advanced electronics warfare accompanied with the rising investment by various government scheme to curtail terrorism from their countries has led to a significant rise in command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) market, notices Market Research Reports.biz. In a 154 pages report titled “C4ISR Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” which is up for sale on the website talks about major trends and services which are playing a key role in driving the market.
The report is aimed towards unbiased and in-depth assessment which provides readers to analyze the market in a better way. Publisher of the reports has provided with a detailed value chain reports to provide a better overview of the market to the readers.
The C4ISR market is classified on the basis of components, geography, and platform. Under platform, the airborne segment is marked at the top in terms of revenue generated. It holds the largest C4ISR market share. It is expected to grow at a CAGR of 4.4% over the forecast period. In order to suffice the increase in demand of C4ISR, the manufacturers are focusing on R&D in order to provide a better products.
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On the basis of components, the surveillance and reconnaissance segment held the second spot for market share in 2017. It is expected to grow at a CAGR of 4.5% during the forecast period. Following the communication segment, it is expected to expand at a CAGR of 4.1% over the forecast period. Tactical communication which are used for various missions including border security missions, area surveillance in the warzone, and target acquirement are found to be installed in multiple areas. Tactical communication was found to be second largest market share of the CS4IR market in 2017. Increase in focus for developing naval infrastructure in future could have a positive impact on the market.
On the basis of region, North America is dominating and is expected to continue so in the coming future. In the year 2017, North America alone contributed 35% in terms of value. Increased need for communication for short mission cycle time has bolster the North America market. Number of organization are investing money for R&D of C4ISR market which will help the market to run smooth. Situational awareness which is used by military in situation of emergency is expected to be one of the important factors driving the global C4ISR market.
Some of the key players in the global C4ISR market are Rockwell Collins, Inc., Communications Holdoings, Inc., General Dynamics Corporation, Lockheed Martin Corporation, and Elbit Systems Ltd.
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