The Market of C4ISR Systems to grow beyond US$ 112.5 billion by 2023

The new report of 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.

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:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/325/C4ISR-Systems-Market%20.html

An overview: The demand for advanced electronic systems

The C4ISR systems market is projected to grow at a higher rate than the total defense industry in the coming five years to reach an estimated US$ 112.5 billion in 2023, propelled by a host of factors including an increasing military expenditure, especially by the developing economies including China and India, an increased demand for mobile command systems, and a rising demand for advanced electronic systems to gain an edge over others. Also, C4ISR systems offer a wide array of advantages including real-time data collection, situational awareness, tactical communication, and advanced battlefield management systems. This assists the defense forces in decision making and helps the forces to have an edge over others.

Dominance of: The land segment

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.

Dominance of: ISR Segment

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.

A highly/moderately/fragment consolidated Market

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.

Regional Hegemony of North America

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.

Comprehensive Market Coverage

Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html

400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
Email-sales@stratviewresearch.com

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

This release was published on openPR.