This new report from Stratview Research analyses the C4ISR Systems Market over the trend period from 2012 to 2017 and forecast period from 2018 to 2023. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
C4ISR Systems Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the C4ISR Systems Market is no different. Derived from the previous market scenario, the C4ISR Systems Market is likely to reach an estimated US$ 112.5 billion in 2023 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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C4ISR Systems Market Share Analysis
C4ISR Systems Market Share 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 Share 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.
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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.
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.
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