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C4ISR Market Size and Growth: Unveiling Trends, Projections, and Strategic Insights || Northrop Grumman, Lockheed Martin Corporation, BAE Systems PLC., Raytheon Technologies Corporation
C4ISR Market
The Business Research Company's C4ISR Global Market Report 2023 the increasing global territorial tensions around the world as the major driver for the C4ISR market's growth in the forecast period. Territorial conflicts are border tensions that arise from competing for national interests or from an increase in the insurgency in some parts of the world. C4ISR is used by the military for operations and communication to gather crucial reconnaissance and surveillance data, territorial conflicts increase the demand for C4ISR. According to BBC News, a UK-based media company, in 2020, There is an increase in civilian protests that caused 860 people have been killed, and around 5,000 have been detained. Furthermore, there are 27 territorial conflicts across the world, and 80% of these are concentrated across Asia and Africa. Therefore, the increasing territorial tensions worldwide drive the growth of the C4ISR market.
The global c4isr market size grew from $75.11 billion in 2022 to $81.99 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The c4isr market size is expected to grow to $106.91 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the C4ISR market are Northrop Grumman, Lockheed Martin Corporation, BAE Systems PLC., Raytheon Technologies Corporation, General Dynamics Corporation, L3 Harris Technologies Inc., Thales Group, Rheinmetall AG
A key trend in the C4ISR market includes product innovation. Major companies operating in the market are focusing on product innovation to strengthen their position in the market. For Instance, in November 2021, Israel Aerospace Industries (IAI), an Israel-based defense company, launched a new electronic warfare system called Scorpius. This defense system works on active electronically scanned array (AESA) technology and enables armed forces to combat full-scale threats such as missiles, and drone ships, effectively disrupting radar, data communications, and electronic sensors.
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The C4ISR market is segmented -
• By Platform: Land, Airbone, Naval, Space.
• By Solution: Hardware, Application Software, Services.
• By Application: Intelligence, Communication, Command, Computer, Electronics.
• By End User: Defence and Space, Commercial.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the C4ISR market.
The Business Research Company's "Global C4ISR Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The C4ISR Market Include:
1. Executive Summary
2. C4ISR Market Characteristics
3. C4ISR Market Trends And Strategies
4. C4ISR Market - Macro Economic Scenario
5. C4ISR Market Size And Growth
……………
27. C4ISR Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The C4ISR Market
29. C4ISR Market Future Outlook And Potential Analysis
30. Appendix
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