C4ISR Market Growing at the Fastest Rate in APAC and North America Region

1. C4ISR Market Growing at the Fastest Rate in APAC and North America Region The report "C4ISR Market by Solution (Hardware, Application Software & Services), Platform (Airborne, Land, Naval, Space), Application, End User (Defence & Space, Homeland Security, Commercial), Installation, and Region - Forecast to 2026", is projected to grow from USD 119.9 billion in 2021 to USD 147.1 billion by 2026, at a CAGR of 4.2% from 2021 to 2026. The C4ISR market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The deployment of small, reliable, and sophisticated C4ISR systems in a wide range of applications has increased their demand across the globe. Advancements in ISR technologies and improvements in their manufacturing techniques have led to reduced costs of these systems. Enhanced defense and surveillance capabilities of armed forces and law enforcement are the key factors driving C4ISR market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1315 Based on platform, space segment is estimated to account for the fastest growth of the C4ISR market from 2021 to 2026. Based on platform, the market for space C4ISR is projected to grow with the highest CAGR due to the increased use of communication satellites for fast and secure data transfer, and the increased use of earth-observation satellites for C4ISR systems. In September 2020, the US Army’s Tactical Exploitation of National Capabilities office, the Defense Innovation Unit, contracted Northrop Grumman to build two new prototype ground stations that will help the army use satellite imagery for deep sensing. Based on solution, hardware segment of the C4ISR market by solution type is projected to witness the largest share due to the increasing need for intelligence gathering in commercial and defense applications. Based on solution, the hardware segment is expected to dominate the C4ISR market from 2021 to 2026, accounting for the largest share in 2021. The increasing demand for sensors in next-generation airborne intelligence, surveillance & reconnaissance systems, the need for 5G networks for faster wireless data transfer, the demand for wired communication devices underwater and subsurface military applications, the

2. increasing demand for tactical navigation systems for unmanned platforms and for portable, rugged devices for dismounted soldiers, along with the increasing need for intelligence gathering will drive the market. Defense and space segment of the C4ISR market by end user is projected to witness the highest CAGR during the forecast period. The Defense and space segment is expected to grow at a higher rate from 2021 to 2026. The growth can be attributed to advancement of C4ISR capabilities for better situational awareness of battlefield. C4ISR (Command, Control, Communications, Computers (C4) Intelligence, Surveillance and Reconnaissance (ISR)) enhances the capabilities of military forces worldwide. Advanced C4ISR capabilities provide an advantage through situational awareness, knowledge of the adversary and environment, and shortening the time between sensing and response. The US Department of Defense (DOD) is the largest consumer of military C4ISR systems. The Department of Defense's (DOD) intelligence, surveillance, and reconnaissance (ISR) capabilities, such as unmanned aircraft/ground vehicles systems-are crucial to military operations, and demand for C4ISR capabilities has increased. In May 2020, Booz Allen Hamilton won a five-year contract to provide artificial intelligence services to the Department of Defense’s Joint Artificial Intelligence Center (JAIC). The North American market is projected to contribute the largest share from 2021 to 2026 in the C4ISR market North America is expected to lead the C4ISR market in 2021. The US is the largest market for C4ISR in North America. The increasing investment in C4ISR systems to enhance defense and surveillance capabilities of the armed forces, modernization of existing military platforms, critical infrastructure, and law enforcement agencies increasingly using C4ISR systems are key factors expected to drive the market in North America. Key Market Players The C4ISR market is dominated by a few globally established players such as Northrop Grumman (US), Lockheed Martin Corporation (US), BAE Systems (UK), Raytheon Technologies Corporation (US) and General Dynamics Corporation (US), among others, are the key manufacturers that secured C4ISR contracts in the last few years. Major focus was given to the contracts and new product development due to the changing requirements of commercial, homeland security and defense & space users across the world. Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1315

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