Press release
C4ISR Market: Rising Demand for Electronic Warfare Technologies in Developed Regions to Boost Market
For instance, Lockheed Martin Corporation is developing next-generation communication technologies for armed forces to accomplish tasks in a variety of combat environments. Recently, the company has entered into a contract with the U.S. Special Operations Forces to provide advanced logistics support services on a global scale. The C4ISR is characterized by a dynamic business landscape that calls for sustained advancement in product technologies by leading players in order to stay competitive, observes TMR.
The global C4ISR market is anticipated to register a CAGR of 3.5% from 2017 to 2025. The global C4ISR market was valued at US$98.46 bn in 2016 and is projected to reach US$134.89 bn by the end of the forecast period.
The major end-use segments of the C4ISR market are airborne, land, and naval. Of these, airborne domain has emerged as the dominant segment, holding a market share of 56.5% in 2016. Geographically, the global market was dominated by North America in 2016 which held a significant share of 32.3%. However, the Asia Pacific market for C4ISR is predicted to supersede others and lead the worldwide market by the end of the forecast period.
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