Global C4ISR Systems market to witness robust participation globally
The global C4ISR market, valued at US$134.6 billion in 2016, is projected grow at a CAGR of 2.85%, to value US$178.2 billion by 2026. The cumulative market for global expenditure on C4ISR systems is valued at US$1.7 trillion over the forecast period. Global expenditure on command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems is expected to show robust growth over the forecast period, primarily due to the increased importance of C4ISR systems in modern or fourth-generation warfare. Modern conflicts include a mix of physical combat, and mental and tactical elements, where the enemy could be a nation or a faction of society, such as a terrorist group
The rise of asymmetric warfare and the growing need for interoperability and integrated solutions among military strategists are other major factors that are anticipated to have a positive impact on the C4ISR systems market. Given such situations, C4ISR systems are considered by most nations to be the most important tools for victory in a conflict. The wars in Iraq and Afghanistan have also highlighted the growing importance of C4ISR systems in modern warfare. As a result of this emphasis on C4ISR, similar levels of investment are expected to take place each year without much scope for urgent operational requirements, causing steep increases in yearly investment
The demand for land, airborne, and space systems is expected to increase, as key spenders such as the US, the UK, China, India, and Brazil have launched new procurement programs. Countries facing conventional threats, such as territorial disputes and hostile neighbors, will also drive the demand for such systems.
Price: $4,800 (Single User License)
Published: Dec 2016
Publisher: Strategic Defence Intelligence
Report Format: electronic pdf