C5ISR Market Expected to Reach $131,733 Million - Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, SAAB Group, and Thales Group

C5ISR Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $131,733 million by 2022, registering a CAGR of 3.3% during the period 2016-2022. Airborne based C5ISR systems segment is expected to witness the highest growth rate, while region-wise North America is projected to lead the market during the forecast period.

By region, Asia-Pacific is projected to be one of the fastest growing C5ISR markets during the forecast period, due to the strong economic growth and rising military expenditure, industrial development, and civil unrest situations in countries including India, Japan, and China.

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The command, control, communications, computers, combat, intelligence, surveillance, and reconnaissance (C5ISR) market is expected to grow steadily despite the sinking defense budget among western nations. Also, the demand for networked communications, national command and control (C2), sensor upgrades, space capability, intelligence, and electronic warfare systems would increase among the emerging and developing countries. The crucial area of focus is directed towards missile defense, unmanned platforms, and software-defined radios. It uses technologies such as C2 systems, SDRs, and satellites. It also helps the decision maker make the key decision in a precise and effective manner.

Furthermore, territorial conflicts in Asia-Pacific and Middle East & Africa pose a major challenge in todays environment. The cause for such conflicts includes a mix of political and economic interests, normative reasons, and struggle over scarce natural resources. In the past, it was observed that territorial conflicts were the leading cause of war, especially if two countries disagreed over specific parts of territory. Therefore, the countries have secured their borders with effective technologies through air, water, and land. This increase in security concerns fuels the demand for C5ISR systems worldwide.

In terms of application, surveillance and reconnaissance accounted for the maximum revenue share during the forecast period. In addition, intelligence segment is expected to grow at the fastest rate. Also, by the type of platforms, naval-based C5ISR segment held the largest market share in terms of value, whereas airborne-based segment is expected to grow at the highest CAGR in the next six years.

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Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, SAAB Group, and Thales Group are the leading players in the global C5ISR market. They have adopted various strategies, such as contracts & agreements, new product launches, expansion, and partnerships to sustain in the market.

Other companies include SELEX ES, Almaz-Antey, Reutech Radar Systems, Aselsan, Ausair Power, Huntington Ingalls Industries, L-3 Communications, United Aircraft Corp., Honeywell International, SAFRRAN, Textron, Mitsubishi Heavy industries, General Electric, Elbit Systems, Hindustan Aeronautics, ThyssenKrupp, CACI International, and Tactical Missiles Corp.

Top impacting factors of world C5ISR market

Increased use of unmanned platforms:

Unmanned systems are extensively used by the defense industry after the Second World War and now is among the crucial component in the military communications. Its ability to integrate manned activity or systems largely drives the demand for unmanned systems.

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The rise in need of integrated solutions:

The army officials plan to standardize the IT architecture with almost all the current and future GCVs. The effort is designed to reduce the weight and power of electronics, reduce the life-cycle costs, and improve interoperability, providing war fighters with all the data and initiating effective communication, which is required in the battlefield. The initiative is expected to allow sharing data, while providing war fighters with a common operating platform. The system also simplifies testing and training, while reducing overall life-cycle costs for maintaining the platforms.

C5ISR MARKET KEY SEGMENTS:
The market is segmented based on type, application, and geography.

By Application

• Command
• Control
• Communication
• Computers
• Combat
• Intelligence
• Surveillance and Reconnaissance

By Type

• Land
• Airborne
• Naval

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