DETROIT, May 10, 2018
DETROIT, May 10, 2018 /PRNewswire/ --
Stratview Research announces the launch of a new market research report on C4ISR Systems Market by Platform Type (Land, Airborne, Naval, and Space), by Application Type, (Command and Control; Communication; Computers; Intelligence, Surveillance and Reconnaissance; and Electronic Warfare), by Solution Type (Products and Services), by End-User Type (Defense and Commercial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
This market report, from Stratview Research, studies the C4ISR systems market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
C4ISR (Command and Control, Communication, Computer, Intelligence, Surveillance and Reconnaissance, and Electronic Warfare) Systems Market: Highlights
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.
Defense electronics are always an indispensable focus area of the world out of which C4ISR systems have emerged as one of the vital elements. Major defense equipment makers are investing more into the procurement of superior intelligence and surveillance systems for tracking others' activity to build an actionable plan in case of an emergency or combat.
In terms of platform type, the land segment currently dominates the market and is likely to maintain its dominance throughout the forecast period as well, driven by 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.
Based on the application type, the ISR (Intelligence, Surveillance, and Reconnaissance) 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.
As per the study, 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. Asia-Pacific is likely to witness the highest growth during the same period, primarily driven by rising defense budget of the major Asian economies. China, India, and South Korea are the major markets for C4ISR systems in the region and are likely to create most of the demand for these systems in the coming years.
The global C4ISR systems market is fiercely competitive with the presence of many established players. The major players, such as Raytheon, Rockwell Collins, Lockheed Martin, Northrop Grumman, and BAE Systems, offer an extensive product portfolio across regions and keep themselves competitive by performing both organic and inorganic growth strategies. These players are highly diversified with excellent capabilities in defense products and systems, which raise the competitiveness to the next level. Other major players are General Dynamics, Elbit Systems, L-3 Technologies, Thales Group, Harris Corporation, Leonardo S.p.A., Rheinmetall Group, and Saab.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the global C4ISR systems market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the five ways in which the market is segmented:
C4ISR Systems Market by Platform Type:
C4ISR Systems Market by Application Type:
C4ISR Systems Market by Solution Type:
C4ISR Systems Market by End-User Type:
C4ISR Systems Market by Region:
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