San Francisco, California, December 06, 2018: According to a new market research report by TMR Research, the global market for command, control, communication, computer, intelligence, surveillance, and reconnaissance (C4ISR) will witness a notable rise in its valuation and size in the next few years. The report is titled “C4ISR Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.”
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The multi-billion global C4ISR market is expected to show a substantial growth in CAGR over the report’s forecast period owing to the emergence of asymmetric warfare and increasing demand for integrated solutions and interoperability for better military strategies. Other key drivers of the market include increasing demand for C4ISR in emerging markets, enhanced time-efficiency and increasing warfare, which are the biggest revenue generators for C4ISR market. The key restraints to this market are budgetary cuts on the defense sector in a number of developed countries and the ambiguity of missions.
Moreover, C4ISR offers various benefits such as faster response time in a coastal environment, high level of coordination for all the joint operations, provides more information and higher situational awareness commanders using complex weapons and support and utilizes information warfare. These benefits of C4ISR automatically increase value of service to the end-users.
Among the key regional segments, the market for C4ISR in North America is most likely to emerge dominant during the forecast period, followed by Asia Pacific. The rising demand from India, Japan, China, and South Korea will boost the C4ISR market in Asia Pacific. In Europe, the market will witness attractive opportunities in Russia, France, South Korea, and the U.K.
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Some of the key players in the C4ISR market are Thales Group, Lockheed Martin, Bae Systems, SAAB, Raytheon, Rockwell Collins, Northrop Grumman, Boeing, ITT Exelis, L3 Commumications, Rheinmetall Defense, Elbit Systmes and IHS Jane’s among others.