Key players in the c4isr market include Northrop Grumman, Lockheed Martin Corporation, BAE Systems Plc, Raytheon Technologies Corporation, General Dynamics Corporation, L3 Harris Technologies Inc, Thales Group, Rheinmetall AG, Saab AB, Leonardo S.
New York, Nov. 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com released the report “Global C4ISR Market Report 2022: Impact of Ukraine-Russia War” — https://www.reportlinker.com/p06364834/? utm_source=GNW
pA, Rockwell Collins Inc, Serco Group plc, CACI International Inc, Booz Allen Hamilton Inc, and Cubic Corporation.
The global C4ISR market is expected to grow from $69.48 billion in 2021 to $73.35 billion in 2022 at a compound annual growth rate (CAGR) of 5.58%. The Russia-Ukraine war has hampered the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on many countries, increased commodity prices, and supply chain disruptions, affecting many markets around the world. The C4ISR market is expected to reach USD 89.11 billion by 2026 at a CAGR of 4.99%.
The C4ISR market consists of the sale of C4ISR or related services by entities (organizations, sole traders, and partnerships) used by the armed forces to plan military operations and communicate to provide critical reconnaissance and surveillance data for decision making. collect Describes C4ISR. command and control, communications, computer, intelligence, surveillance, and reconnaissance facilities, equipment, and advanced systems.
Using next-generation networks and relying on sophisticated satellites for secure and resilient communications, these systems play a key role in the operations and defense objectives of the armed forces.
The main platform for C4ISR markets is land, air, sea and space. Land means the installation of Command, Control, Communications, Computer (C4) Information, Surveillance, and Reconnaissance on land used for defense purposes to provide an advantage. through situational awareness.
The solution includes hardware, application software and services. Intelligence, communication, order, computers and electronics are applications.
End users are defense and space, and commerce.
North America was the largest region in the C4ISR market in 2021. Asia Pacific is expected to be the fastest growing region during the forecast period.
The regions covered in the C4ISR market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increase in global land pressures across the globe has led to the growth of the C4ISR market going forward. Regional conflicts are border conflicts that arise from the competition for national interests or from the rise of rebellion in some parts of the world.
C4ISR is used by the military for operations and communications to collect important reconnaissance and surveillance data, regional conflicts increase the demand for C4ISR. According to BBC News, a Christian-based media company, in 2020, there has been an increase in civil protests that have resulted in 860 people being killed, and around 5,000 people being detained.
In addition, there are 27 geographical conflicts in the world, and 80% of these are across Asia and Africa. Therefore, increasing land pressures are driving the growth of the C4ISR market across the globe.
Product Innovation is a key trend gaining popularity in the C4ISR market. Major companies operating in the market focus on product innovation to strengthen their position in the market.
For example, in November 2021, Israel Aerospace Industries (IAI), an Israel-based defense company, launched a new electronic warfare system called Scorpius. – Threats such as missiles, and drones, effectively disrupt radar, data communications, and electronic sensors.
The product offers electronic warfare capabilities in various fields.
In April 2020, Raytheon Technologies Corporation, a US-based aerospace and defense company, merged with United Technologies Corporation for an undisclosed amount.
This entity combines synergies to better serve its customers in the aerospace and defense sector. United Technologies Corporation is a United States-based conglomerate engaged in the research and manufacture of aerospace products, industrial products, and aircraft engines.
The countries covered in the C4ISR market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The C4ISR market research report is one of a series of new reports that provide C4ISR market statistics, including global market size of the C4ISR industry, regional shares, competitors with C4ISR market share, prominent C4ISR market segments, market trends and opportunities, and any other data. you may need to advance in the C4ISR industry. This C4ISR market research report provides a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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