Jan 16, 2018   SOURCE: BusinessWire

Global C4ISR Market 2017-2022 by Application, Platform, Solution, and End User - A $119.4 Billion Market Opportunity - ResearchAndMarkets.com

The "C4ISR Market by Application (Communication, Command & Control, Computers, Intelligence, Surveillance & Reconnaissance, and Electronic Warfare), Platform (Land, Naval, Airborne, and Space), Solution, End User, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The Command, Control, Communications, Computers, Intelligence, Surveillance & Reconnaissance (C4ISR) market was estimated at USD 100.25 Billion in 2017 and is projected to reach USD 119.39 Billion by 2022, at a CAGR of 3.56% from 2017 to 2022.

The integration of C4ISR systems into existing platforms is driving the market. The integration facilitates data sharing and provides advanced intelligence capabilities as well as operational planning capabilities. Various technological advancements in the market such as cyber-defense, combat systems, and wind shear technology, among others, have led to the development of enhanced C4ISR systems.

The Asia Pacific region is expected to exhibit the highest growth rate for the C4ISR market during the forecast period 2017 to 2022. The market growth in the Asia Pacific region is attributed to the increased military spending in countries such as India, South Korea, and China. With geopolitical tensions in the South China Sea and border issues in multiple countries, procurement of C4ISR systems is estimated to increase across the region. China, South Korea, Japan, and Indonesia are the key growth countries in this region.

The growth rate of the markets in North America and Europe is expected to be considerably low during the forecast period, owing to the decreased demand for C4ISR systems in these regions.

The high cost involved in the development and maintenance of C4ISR systems is acting as a restraint for the market.

The C4ISR market is a diversified and competitive market with the presence of a large number of players. The market is dominated by companies based on their core competencies. Key players in this market include Raytheon (US), Northrop Grumman (US), Lockheed Martin (US), Rockwell Collins (US), Leonardo (Italy), BAE Systems (UK), Thales (France), and Elbit Systems (Israel).

Market Dynamics

Drivers

  • Increased Requirement for Situational Awareness (SA) in Military Operations
  • Rising Use of Geospatial Intelligence
  • Increased Need for Short Mission Cycle Time
  • Increased Incidences of Asymmetric Warfare

Restraints

  • High Costs Involved in the Development and Maintenance of C4ISR Systems and Subsystems
  • Regulatory Hurdles Related to the Transfer of Arms

Opportunities

  • Development of Secured Networks to Combat Cyberattacks
  • Rise in the Demand for Next-Generation IP Systems

Challenges

  • Assurance of the Quality and Accuracy of Information Received By C4ISR
  • Integration of C4ISR Systems Used By Different Military Arms for Increasing Interoperability
  • Inability of Existing Electronic Warfare (EW) Systems to Address Diverse Threats
  • Data Storage and Data Processing

Companies Mentioned

  • Bae Systems
  • Elbit Systems
  • General Dynamics
  • Harris
  • L-3 Technologies
  • Leonardo S.P.A.
  • Lockheed Martin
  • Northrop Grumman
  • Raytheon
  • Rheinmetall
  • Rockwell Collins
  • Saab
  • Thales

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