ALBANY, New York, March 21, 2017 /PRNewswire/ --
Transparency Market Research has published a new market report titled "C4ISR Market (By Application - Surveillance and Reconnaissance, Computer, Tactical Communication, Electronic Warfare, Command And Control, and OthersBy End User - Airborne, Land and Naval) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025," the market in terms of revenue was valued at USD 98.46 billion in 2016, is expected to reach USD 134.89 billion by 2025, growing at a CAGR of 3.5% from 2017 to 2025.
C4ISR systems provide a common strategic picture to commanders, collect information for operating in warfare, decision making and permit the rapid exploitation and gathering of intelligence. C4ISR is used in different application of defense forces such as night vision goggles, high frequency radios, mine-detection sets and battlefield sensors among others. Increasing need for situational awareness to help the military in times of combat situation is expected to be one of the major factors driving the global C4ISR market during the forecast period 2017 - 2025.
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The major factor boosting the demand of the C4ISR market is rising importance of security and safety in different places such as France, the U.S. and India among others. The usage of C4ISR in several applications such as data fusion and information management systems, space based surveillance, air traffic management, and communications and information infrastructure among others is projected to drive the market globally during the forecast period 2017 - 2025. In addition, increasing terror threats in different nations such as India and France is expected to be the major factor boosting the C4ISR market during the forecast period 2017 - 2025. Many countries are struggling with increase in terrorist activities; for instance, there have been 10 major terror attacks in France since the beginning of 2015. In the same year, more than 50 terror attacks took place in India. These attacks around the world is likely to drive the market for C4ISR during the forecast period 2017 - 2025.
Rising Demand for Mobile Command Systems across Military Sector to Aid Growth
The C4ISR market will gain from the increasing demand for mobile command systems in countries such as China, Brazil, and the UAE. The nations are currently focusing on acquiring advanced C4ISR systems that consist of communication systems, command systems, computers, radars, EO/IR system, and electronic warfare. The recent incidents of terror attacks and security threats in these nations and elsewhere have compelled governments to fund in advanced military equipment and systems.
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Besides this, the market will majorly gain from the increasing demand for border security. As border security is a major concern in countries such as India, Japan, China, South Korea, and Australia, the market will witness high demand in Asia Pacific. In addition, it is likely to gain from the rising terror threats witnessed across the region. To thwart such plots of terror outfits, military funding has increased. These developments in the defense sector is indicative of the rising use of C4ISR systems.
Decreasing Military Spending in Developed Markets to Emerge as Key Restraint
On the downside, the decreasing military spending in developed markets will create challenges for the market. For instance, countries such as the U.S. and Canada are more likely to focus on maintaining the existing systems rather than spending on acquiring newer devices. This will act as a major restraint inhibiting the market's trajectory to an extent.
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Nevertheless, attractive opportunities are on cards for the market due to the rising demand for next generation IP systems. As implementing this technology will ensure better communication between combat vehicle crew, armored personal carriers (APC), and main battle tanks (MBT), its demand is expected to rise further in the coming years. Moreover, the C4ISR market is expected to gain from the implementation of secured networks.
This review is based on a TMR report, titled "C4ISR Market (Application - Surveillance and Reconnaissance, Computer, Tactical Communication, Electronic Warfare, and Command and Control; End User - Airborne, Land, and Naval) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025."
The report segments the global C4ISR market as:
Global C4ISR Market: By Application
- Surveillance and Reconnaissance
- Tactical Communication
- Electronic Warfare
- Command and Control
Global C4ISR Market: By End User
Global C4ISR Market: By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- United Arab Emirates
- Rest of Middle East and Africa
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