Governments across the globe are investing heavily in defense and military activities. With increasing terror attacks, changing war techniques, and increasing use of technology in crime has forced the government to get become tech-savvy. Therefore, they have started using C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) at a great level. C4ISR helps in tracking information from a vast range of systems from land-based radar to binoculars for observation and through various other means like communication satellites
Global C4ISR Market: Dynamics
With growing information and increasing crimes, C4ISR has benefitted governments across the globe. As and when its importance and usage is increasing, more and more players providing this facility are increasing. With the increasing number of players participating in the global C4ISR market has turned the market highly fragmented, and also increased the competition among the players.
Players are further offering improved services and are using advanced technologies to provide better information. They are also engaged in mergers and acquisition, expansion, and collaboration to further extend their dominance in the market. Additionally, these players are not only concentrating in developed regions but are extending their services in developing regions as well.
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With growing competition and innovating in the C4ISR market, this market is expected to attain valuation of ~ US$ 135.80 Bn by the end of 2027. This value can be only attained if the market rises at 3.68% CAGR between 2019 and 2027.
Among the different types of components in the global C4ISR market, reconnaissance and surveillance are projected to lead the market over the projected forecast tenure. The growing use of advanced technology in warfare has encouraged the use of surveillance and reconnaissance. The role of reconnaissance and surveillance is becoming highly crucial in military activities, as the need to counter stealthy threats in an effective and timely manner in increasing.
The global C4ISR market is fragmented in nature with large number of companies operating in the market. Leading players are currently focusing on providing technologically enhanced products to the customers. Moreover, as part of this strategy, companies are engaging in various strategic partnerships and acquisitions, focusing on expanding their business through new service additions and geographical presence.
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Some of the prominent players identified in the C4ISR market and profiled in the study include
- L-3 Communications Holdings, Inc. (The U.S)
- Lockheed Martin Corporation (The U.S)
- Rockwell Collins, Inc. (The U.S)
- Northrop Grumman Corporation (The U.S)
- The Raytheon Company (The U.S)
- Elbit Systems Ltd (The U.S)