C4ISR Systems Market to Reach US$ 112.5 billion in 2023
The Global C4ISR (Command and Control, Communication, Computer,
Intelligence, Surveillance and Reconnaissance, and Electronic Warfare) Systems
Market: Highlights
Rising tensions among different parts of the world,
such as disputes related to maritime (south china sea), land-based conflicts
between India and Pakistan, hybrid warfare, and piracy over oceans, are forcing
the countries to strengthen their defense capabilities. Furthermore, the nature
of warfare has immensely changed over the eons with a higher usage of advanced
electronic systems. These factors are forcing the countries to keep upgrading
themselves in order to maintain and to enhance their defense capabilities. Most
of the major developed economies, such as the USA, always set a large defense
budget in order to remain the pioneer in developing and acquiring latest
technologies. The developing economies, such as China and India, are following
the footsteps of major economies and have been escalating their defense budget
in order to acquire new technologies to upgrade themselves.
The C4ISR systems market is projected to grow at a
higher rate than the total defense industry in the coming five years to reach
an estimated US$ 112.5 billion in 2023, propelled by a host of factors
including an increasing military expenditure, especially by the developing
economies including China and India, an increased demand for mobile command
systems, and a rising demand for advanced electronic systems to gain an edge
over others. Also, C4ISR systems offer a wide array of advantages including
real-time data collection, situational awareness, tactical communication, and
advanced battlefield management systems. This assists the defense forces in
decision making and helps the forces to have an edge over others.
The C4ISR systems are a highly technology-driven
business where C4ISR systems become old or obsolete in few years due to the
rapid advancement in technology. It becomes crucial for countries to invest in
these systems to acquire latest C4ISR systems. This factor further assures a
healthy demand for C4ISR systems globally.
Defense electronics are always an indispensable
focus area of the world out of which C4ISR systems have emerged as one of the
vital elements. Major defense markers are investing more into the procurement
of superior intelligence and surveillance systems for tracking other’s activity
to build an actionable plan in the case of emergency or combat. The advancement
in the defense systems, such as wind shear technology and cyber-defense, are
also driving the innovations in the C4ISR systems market.
C4ISR Systems Market: by Platform Type
The C4ISR systems market is segmented into the
platform type as Land, Airborne, Naval, and Space. The land segment currently
dominates the market and is likely to maintain its dominance throughout the
forecast period, driven by the high allocation of defense budget coupled with a
greater demand for the procurement of command & control and communications
systems. Airborne, the second largest segment, is likely to witness the highest
growth during the forecast period, driven by an increasing demand for UAVs
(Unmanned Aerial Vehicles) and a greater need for intelligence gathering.
C4ISR Systems Market: by Application Type
Based on the application type, the C4ISR systems is
segmented into Command & Control; Communication; Computers; Intelligence,
Surveillance, and Reconnaissance (ISR); and Electronic Warfare. The ISR segment
is likely to maintain its dominance during the forecast period, driven by an
advancement in the ISR systems including radars, sonars, and electro-optic
sensors as well as rising demand for ISR systems to stay ahead of their
opponents. The communication segment is likely to grow highest during the same
period, driven by a higher focus on the upgrade of communication systems.
C4ISR Systems Market: by Region
Based on the regions, North America is expected to
remain the most dominant market during the forecast period. The USA is likely
to remain the growth engine of the region’s market during the same period. High
defense budget coupled with the presence of all the major C4ISR system
providers is the driving force behind the dominance of the region’s market.
Asia-Pacific is likely to witness the highest growth
during the same period, primarily driven by rising defense budget of the major
Asian economies. China, India, and South Korea are the major markets for C4ISR
systems in the region and are likely to create most of the demand for these
systems in the coming years.
Europe also holds a considerable share of the market
but is likely to grow at a modest growth during the forecast period. Depleting
defense budgets of major European economies is the prime factor for a
relatively low demand for C4ISR systems in the region. Russia, The UK, France,
and Germany are the major markets for C4ISR systems in Europe.
C4ISR Systems Market: Key Players and their Strategies
The global C4ISR systems market is fiercely
competitive with the presence of a large number of established players. The
major players, such as Raytheon, Rockwell Collins, Lockheed Martin, Northrop
Grumman, and BAE Systems, offer an extensive product portfolio across regions
and keep themselves competitive by performing both organic and inorganic growth
strategies. These players are highly diversified with excellent capabilities in
defense products and systems, which raise the competitiveness to the next
level. Other major players are General Dynamics, Elbit Systems, L-3
Technologies, Thales Group, Harris Corporation, Leonardo S.p.A., Rheinmetall
Group, and Saab.
Most of the major players are focusing on the
development of innovating systems addressing the existing as well as upcoming
market requirements. At the same time, they have been forming strategic
alliances including mergers & acquisitions, joint ventures, and
collaborations, to remain competitive and quickly gain the market share.
Excellent track record of major players helps them in establishing good
customer relations by securing long-term contracts.
For more information, contact
Stratview Research
Email: sales@stratviewresearch.com
Direct: +1-313-307-4176
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