30 likes | 45 Views
The C4ISR market is estimated at USD 113.4 billion in 2022 and is projected to reach USD 154.0 billion by 2028, at a CAGR of 5.2% from 2022 to 2028. <br>
E N D
Emerging Trends and Growth Opportunities in Emerging Trends and Growth Opportunities in the C4ISR Market: Global Forecast to 2028 the C4ISR Market: Global Forecast to 2028 The C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) market is projected to experience substantial growth, with an estimated value of USD 113.4 billion in 2022, expected to reach USD 154.0 billion by 2028, at a CAGR of 5.2%. The report emphasizes the increasing importance of situational awareness and the rising demand for C4ISR systems in response to asymmetric warfare and geopolitical conflicts. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1315 Based on Solution, the hardware segment is estimated to account for the largest market share of the C4ISR market. The demand for wired communication devices for underwater and subsurface military applications, the need for 5G networks for faster wireless data transfer, the need for sensors in next-generation airborne intelligence, surveillance, and reconnaissance systems, the demand for tactical navigation systems for unmanned platforms, the demand for portable, rugged devices for dismounted soldiers, as well as the growing need for intelligence gathering, will all contribute to market growth. Based on application, the intelligence, surveillance, and reconnaissance segment are anticipated to dominate the market. ISR offers situational awareness and access to mission-critical data without blocking tactical communication networks. High- volume data obtained from surveillance and reconnaissance platforms are analyzed and shared with operational groups. In June 2021, Northrop Grumman Corporation (US) received a newly expanded role as a system integrator for C5ISR and control systems on the US Coast Guard Offshore Patrol Cutter (OPC) by Eastern Shipbuilding Group (ESG), the prime contractor for the OPC program. The naval segment of the C4ISR market by platform is projected to witness the highest CAGR during the forecast period. With an increase in the number of sensors on ships and advancements in radar technology, naval C4ISR systems have been upgraded with data analytics solutions such as artificial intelligence and cloud computing. Companies such as Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), THALES (France), Lockheed Martin Corporation (US), and BAE Systems plc (UK) are involved in the development and production of advanced signal processing and naval warfare systems. These systems include various types of shipboard radars, track management systems, communication systems, and electronic warfare systems to counter sea-based threats. Thus,
enhanced systems for tactical information management and improved efficiency drive the market growth. The Defense and space segment of the C4ISR market by end-user is projected to witness the highest market share. This can be linked to improvements in C4ISR capabilities for improved combat situational awareness. The C4ISR improves the capability of armed forces across the world. By situational awareness, understanding of the enemy and environment, and reducing the lag between sensing and reacting, advanced C4ISR capabilities give an advantage. Thus, the defense departments worldwide are adopting C4ISR systems to enhance their capabilities. The airborneplatformsegment is expected to hold the largest market share in 2022, driven by the need for situational awareness and modernization of military infrastructure. The report highlights the role of C4ISR systems deployed on space platforms in real-time mapping and communication networks. North America is projected to account for the largest market share in 2022, while the Asia-Pacific region is driven by advancements in battlefield command, control, communications, intelligence, surveillance, and reconnaissance. Major players in the C4ISR market include Lockheed Martin Corporation, Raytheon Technologies Corporation, BAE Systems Inc., General Dynamics Corporation, Northrop Grumman, and Thales Group. Key Market Players Major key players operating in the C4ISR Market including Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), BAE Systems Inc. (UK), General Dynamics Corporation (US), Northrop Grumman (US), Thales Group (France) and many more. Inquiry before buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1315 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections
through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441