The C4ISR Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s C4ISR Global Market Report 2024, The c4isr market size has grown strongly in recent years. It will grow from $80.42 billion in 2023 to $86.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to geopolitical conflicts and national defense needs, increased terrorism and asymmetric threats, emergence of multi-domain warfare concepts, market growth in the defense and homeland security sectors, and growth in demand for electronic warfare capabilities.
The c4isr market size is expected to see strong growth in the next few years. It will grow to $118.71 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to rising investment in autonomous and unmanned systems, emphasis on information dominance and network-centric warfare, expanding use of drones and uavs for surveillance and reconnaissance, expanding space-based capabilities and satellite constellations, and increasing advanced data processing. Major trends in the forecast period include adoption of blockchain technology, international collaboration in c4isr for addressing global threats, integration of 5g and beyond in c4isr networks, development of quantum computing for advanced data processing, and integration of ai and machine learning in c4isr systems.
Increasing global territorial tensions around the world have contributed to the growth of the C4ISR market going forward. Territorial conflicts are border tensions that arise from competing for national interests or from an increase in the insurgency in some parts of the world. C4ISR is used by the military for operations and communication to gather crucial reconnaissance and surveillance data, territorial conflicts increase the demand for C4ISR. For instance, in May 2022, according to Center for Strategic and International Studies, a US-based nonprofit policy research organization dedicated to advancing practical ideas to address the world’s greatest challenges , there has been a significant rise in the number of domestic terrorist attacks and plots at demonstrations in the United States. In 2021, the majority of domestic terrorist incidents took place in the context of urban demonstrations, accounting for more than 50%. Government, military, and law enforcement entities were the most frequent targets, increasingly subjected to extremist-driven domestic terrorism. These entities comprised 43% of all attacks and were consistently targeted across various extremist ideologies, including 48% of violent far-left events, 37% of violent far-right events, and all Salafi-jihadist events in 2021. Therefore, rise in global territorial tensions around the world is expected to drive the growth of the C4ISR
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The c4isr market covered in this report is segmented –
1) By Platform: Land, Airbone, Naval, Space.
2) By Solution: Hardware, Application Software, Services.
3) By Application: Intelligence, Communication, Command, Computer, Electronics.
4) By End User: Defence and Space, Commercial.
Top Major Players:
Northrop Grumman Corporation
Lockheed Martin Corporation
BAE Systems PLC
Raytheon Technologies Corporation
General Dynamics Corporation
North America was the largest region in the C4ISR market in 2023.
Product Innovation is a key trend gaining popularity in the C4ISR market. Major companies operating in the market are focusing on product innovation to strengthen their position in the market. For Instance, in November 2021, Israel Aerospace Industries (IAI), an Israel-based defense company, launched a new electronic warfare system called Scorpius. This defense system works on active electronically scanned array (AESA) technology and enables armed forces to combat full-scale threats such as missiles, and drone ships, effectively disrupting radar, data communications, and electronic sensors. The product offers electronic warfare capabilities to various domains.
The c4isr market report table of contents includes:
1. Executive Summary
2. C4ISR Market Characteristics
3. C4ISR Market Trendst And Strategies
4. C4ISR Market – Macro Economic Scenario
5. Global C4ISR Market Size and Growth
…………
31. Global C4ISR Market Competitive Benchmarking
32. Global C4ISR Market Competitive Dashboard
33. Key Mergers And Acquisitions In The C4ISR Market
34. C4ISR Market Future Outlook and Potential Analysis
35. Appendix
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